Product Cost - How to Reduce Manufacturing Costs (Udemy.com)
Supply Chain & Design Thinking for Minimum Cost, Maximum Profit, and High Quality
Created by: Murray Reeves
Last updated March 2021
What you will learn
- Understand the accounting, business processes, and techniques associated with reducing product cost
How it compares
Against the other 1,210 rated Udemy courses in Business on CourseDuck:
- Rating4.3 out of 5higher than 15% of them
- Reviews62#1,158 of 1,211 by number of reviews
- Length3.6 hourslonger than 58% of them
- Last updatedMarch 2021earlier than 86% of them
Course Description
Are you involved in some way with a manufactured product? Maybe you are a Product Manager, an AUTOCAD Designer, a Manufacturing engineer, or a Supply Chain professional. Maybe you are a startup CEO or inventor. If so, you are concerned about how to drive your product cost to a minimum while retaining highest product quality assurance. This course provides a comprehensive look at product costing conventions, inputs and the means to reduce them.
This Course Covers:
The terminology of product costing and supply chain activities
All the inputs to product cost
The roles and responsibilities of people in your organization and outside it involved with product cost (Product Manufacturing, Supply Chain, Manufacturing Engineering, Shipping, Quality Assurance)
The techniques involved in identifying cost reduction opportunities
Learn the methods to reduce these costs
Learn the guiding principles that should govern any product cost reduction
Learn how to set up a sustained, structured cost reduction program (including for product design)
This Course is for Companies That Are:
Producing hardware products of any kind (captive or outsourced manufacturing)
Suppliers of components or manufacturing services
This Course is for Individuals That Are:
Supply chain, procurement, or logistics professionals
Manufacturing engineering
Product designers
Product managers
Managers of any of these groups
Students in Supply Chain Management, Manufacturing, or Design courses
Instructor Details
- 4.3 Rating
62 Reviews
Murray Reeves
Murray Reeves has undergraduate and masters degrees in engineering, and has over 30 years experience in technology and high technology manufacturing and product development.
Murray started his career in semiconductor manufacturing and equipment development. From there he progressed on to develop extensive experience in engineering and operations management. During this period he successfully led and completed the construction and qualification of a leading edge II-V semiconductor manufacturing facility.
From there Murray moved into product cost reduction projects, That was subsequently combined with internationally outsourced manufacturing engineering support and quality management.
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Reviews
By Rahul Papney on 4/11/2026
The course could have more practical excel spreadsheet workable examples where you could have shown how actual cost savings are done. The current course does have templates but not actual working with it.
By BHARANI SAI KRISHNA on 8/29/2024
Good to know about basic functionality of product cost and checklist that can be useful to verify later stages.
By Karthik Elluri on 5/27/2024
Overall good course to person who doesnt have any cost reduction project experience.
By Varun Salaria on 2/9/2024
The most amazing crisp and effective manufacturing cost reduction ideas which is helpful to all hierarchical levels for all stakeholders associated with cost reduction responsibilities even with a minimum requirement. 3 hours course gives literally a 3 year experience and worth of a highly capable cost reduction technique and concepts
By Rajeev V Chennagiri on 3/5/2022
Very well explained, very well structured, only relevant content, holistic view of cost reduction. Excellent!!
By Brian Gray on 3/24/2018
The presentation is great and content is very useful. Thanks.
By Iouri Gertsenchtein on 3/19/2018
the course is very detailed, it starts with making sure to cover all parts of the product cost outlining possible directions to try to reduce cost. External links help to extend the view or get deeper understanding of the material.
By Bharat Bhushan on 3/29/2026
By Balvantsinh Rathod on 3/24/2024
By Gérard Carrier on 12/28/2023
Quality Score
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Overall Score : 86 / 100






