In today’s competitive manufacturing landscape, product cost management is no longer optional, it’s a strategic necessity. Global competition, supply chain disruptions, and growing product complexity demand smarter cost control and profitability optimization methods.
That’s where the TARGUS Product Profitability Accelerator comes in. It’s your fast track to uncovering cost optimization potential and kick-starts the process to gaining long-term cost excellence.
What Is the TARGUS Product Profitability Accelerator?
The TARGUS Product Profitability Accelerator is a structured, high-impact assessment that evaluates your organization’s cost management maturity and uncovers actionable cost-saving opportunities across your product portfolio.
Two Smart Starting Points:
- Assessment of the Organization: Full maturity assessment and strategic baseline
- Portfolio Screening: Identify specific problem areas and defined actions with short-term ROI potential
Assessment of the Organization with our Rapid Product Cost Assessment (RPCA)
RPCA analyzes your organization across six key areas of product cost success:
- Supplier Management: Improve purchasing power and reduce supply chain risk
- Customer & Market Alignment: Ensure cost reductions don’t sacrifice customer value
- Product Structure: Identify modularization and standardization opportunities
- Cost Transparency: Gain full visibility into costs across your organization
- Organizational Readiness: Evaluate your company’s structural cost mindset
- Development Process: Integrate cost thinking early to avoid downstream inefficiencies
Unlocking Real Cost Savings
The TARGUS Product Profitability Accelerator delivers clear, actionable cost levers by dedicated deep-dives into your business and product portfolio. The cost levers include:
- Product Design & Technology: Benchmarking, value engineering, and cost transparency
- Functionality & Specifications: Eliminate unnecessary features while maintaining or improving value
- Production Efficiency: Enable cost-effective design and reduce internal complexity
- Strategic Supplier Management: Qualify alternatives and drive competitive negotiations
- Smart Procurement: Run sourcing workshops and price reviews for measurable results
Business Case Development & ROI Focus
The TARGUS Product Profitability Accelerator isn’t just theory, it builds the case for specific actions by providing:
- Realistic cost-saving estimates
- Tailored roadmaps
- Prioritized cost reduction measures
- Measurable return on investment (ROI)
These allow you to tackle the challenges in the most effective and efficient way possible.
Building Internal Expertise with the PCM Academy
The TARGUS Product Profitability Accelerator also lays the groundwork for sustainable cost excellence through the TARGUS PCM Academy, which trains your internal champions via:
- Expert-led training
- Custom methodology playbooks
- On-the-job coaching
- Continuous improvement through feedback loops
Get Started Today
The TARGUS Product Profitability Accelerator is more than an assessment; it’s your strategic gateway to cost leadership. It delivers the transparency, structure, and strategy manufacturers need to:
- Boost competitiveness
- Improve cost-to-value alignment
- Drive lasting organizational change
Discover how our expertise can move your business forward:
- In the coming series, we will delve deeper into the various aspects of product cost management and present specific methods, tools, and success stories – starting with product cost optimization. Stay tuned!
- Schedule a free consultation:
Your benefits at a glance - download our brochure
