Product Manufacturing 201
PREPARING TO SCALE UP PRODUCTION
This unique workshop is designed to help “hardware” physical product manufacturers to plan for scaling up their production. It is recommended for companies that have proven out their product and are getting ready to scale up production.
The workshop introduces manufacturing planning concepts and tools to improve your transition from low volume to higher volume production. The 1-day session will focus on developing a manufacturing readiness plan, calculating your cost of goods sold, production cost estimating based on various volume scales, make vs. buy strategy, and how to optimize strategic supply chain partnerships.
The session includes workshop exercises that your team can apply to your manufacturing operations and use as planning tools going forward. The program allows time for meaningful 1-on-1 meetings with instructors and manufacturing experts to provide individual and direct support for your team.
0830 – 0900 Breakfast and Networking
0900 – 0915 Program Overview
0915 – 0930 FuzeHub and Partner Overview
0930 – 0945 Participant Introductions
0945 – 1045 Developing a Manufacturing Readiness Plan (Exercise)
1045 – 1100 Break
1100 – 1145 Calculating Your Cost of Goods Sold (Exercise)
1145 – 1245 Developing an Intelligent Production Cost Estimate (Exercise)
1245 – 0145 Lunch
0145 – 0245 Make vs. Buy: Trade Offs of In-House vs. Outsource Production Strategy
0245 – 0330 Supplier Partnerships: Identify, Select, Negotiate (Exercise)
0330 – 0400 Participant Needs and Challenges Sharing Session
0400 – 0500 Networking and Reception
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Developing a Manufacturing Readiness Plan
The module provides the foundation for helping structure a Manufacturing Readiness Plan to assess the maturity of your current production process and lay the groundwork for an action plan to improve manufacturing readiness and production process scaling. Each participant will self-assess their current position and determine a stage of development for future planning.
Calculating Your Cost of Goods Sold
This module helps calculate your Cost of Goods Sold (COGS) as well as what influences it. The session provides the basics of fixed and variable costs and how they change with volume. This session includes a workshop exercise where each participant can begin to make high level calculations on fixed vs. variable cost and COGS which can be used going forward as a product development planning tool.
Developing an Intelligent Production Cost Estimate based on Volume Scale
The module provides a unique methodology for developing an intelligent production cost estimate based on current volume, inventory, capital equipment, tooling, work flow, labor requirements, and tak time. This includes a workshop exercise where each participant will map their production work flow process to estimate current volume as well determine adjustments required as you move to higher volume.
Make vs. Buy: Trade Offs of In-House vs. Outsource Production Strategy
The module offers an objective view on make (in-house) vs. buy (outsource) approach to support your manufacturing strategy. The session provides impact these decisions have on cost structures, quality control, customer and capital risks.
Supplier Partnerships: How to Identify, Select and Negotiate
The module addresses how to choose and approach a supplier (contract manufacturer), handling intellectual property (IP) with suppliers, negotiating contracts with a potential partner. The session includes an exercise to assess supply chain risk.