INNOVATE TO REDUCE PRODUCTION COSTS
Production costs are a critical factor in business success, making cost reduction a top priority for managers and engineers. Unfortunately, the typical approach often focuses on “cutting costs” in ways that create more problems than solutions - layoffs, cheaper materials, extended maintenance intervals, or even eliminating perks like free coffee and tea. These measures fail to address the root causes of high costs, often leading to increased risks and expenses.
The real solution? Systematic innovation.
Innovation is not a quick fix or a one-time brainstorming session. It’s not a reaction to pain points or a short-term remedy. True innovation is a continuous, strategic process - one that develops new products, optimizes processes and reduces costs while ensuring long-term survival. To innovate effectively, organizations need skilled people and the right tools to guide their thinking.
One of the most powerful tools for systematic innovation is Process Functional Modeling (PFM).
The PRIZ Innovation Platform offers professional training and coaching on PFM, an advanced analytical tool designed for innovation and cost reduction. Its principle is simple yet profound: enhance what adds value to your product and eliminate what doesn’t.
PFM allows you to analyze and classify operations:
Productive operations – irreversible changes that add value.
Providing operations – temporary changes that support productivity.
Corrective operations – activities to fix defects.
Metrology operations – generating data for measurement and control.
With PFM, the path to cost reduction becomes clear:
Focus on productive operations that add value.
Minimize or eliminate non-value-adding operations.
Innovate to reduce production costs. Explore the PRIZ Platform to learn how Process Functional Modeling can transform your approach. We’re here to support you with training, tools, and expertise to innovate effectively and sustainably. Visit our website: https://www.priz.guru/ for training and access to PFM and other creative thinking tools.
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