Reducing Materials Costs: Small Steps Toward Big Savings Potential
Thursday, January 17
1:00 PM EST (18:00 GMT)
1 CPE Credit: Business Management & Organization*

Many manufacturers have achieved competitive advantage by cutting materials costs. Why do aerospace and defense companies struggle with this and what can they do about it? We'll discuss:

• Barriers to adopting cost-cutting measures, including fragmented, ad hoc purchases that limit buying power and undermine efficiency.
• Key steps for substantive cost reduction — creating a center-led procurement organization, reducing parts complexity to generate quick wins, establishing robust sourcing strategies, and developing a fully integrated procurement system.
• Leading practices in implementing these steps.

Discover how leading aerospace and defense companies lower total procurement costs by up to 15% while reducing complexity and cycle times.