Life Cycle Costing for Product Design Choices
Episode description
It costs our customers to own our designed products. It costs them initially to purchase it, but it also costs them to use it, maintain it, repair it, and eventually dispose of it. And it costs our company in ways too, like processing, training requirements for customers, and warranty repair costs.
Life cycle costing can help our team choose between design alternatives, like alternate design options, features, manufacturing methods or suppliers. This type of analysis is a big topic in certain sectors of design like civil, transportation, construction, and capital equipment. But, we can use it for our smaller product designs, too, to compare our design choices - where it makes sense.
Visit the podcast blog at www.QualityDuringDesign.com for equations, an example life cycle cost analysis, and a recommended book.
DISCOVER YOUR PRODUCT DEVELOPMENT FOCUS: UNLOCK YOUR IMPACT
Take this quick quiz to cut through the 'design fog' and discover where your greatest potential lies
BI-WEEKLY EPISODES
Subscribe to this show on your favorite provider and Give us a Rating & Review to help others find us!
SELF-PACED COURSE FMEA in Practice: from Plan to Risk-Based Decision Making is enrolling students now. Join over 300 students: Click Here.
MONTHLY DIGEST
Subscribe to the free monthly e-newsletter: newsletter.deeneyenterprises.com
Get the short version on Linked-In: Subscribe here.
About me
Dianna Deeney is a quality advocate for product development with over 25 years of experience in manufacturing. She is president of Deeney Enterprises, LLC, which helps organizations optimize their engineering processes and team perform...