Items Tagged with 'cost reduction'

Estimates that took weeks are now done in two days with an accuracy of about 5 percent.

LONG BEACH, CA—Galorath Inc. has launched SEERai, a new agentic AI platform engineered to deliver secure, traceable and audit-ready cost, schedule and risk insights for manufacturing, aerospace, defense and IT programs. SEERai converts natural-language project data into structured outputs in a matter of hours.

Recently, I was consulting with a procurement group, one of its OEM customers, and a product engineering firm. The goal was to find ways to reduce the cost of a particular product.

In the early 1980s, a product design methodology called design for assembly (DFA) began to gain popularity. It focused on improving efficiency by evaluating the amount of labor required for assembly. Since that time, the DFA methodology has been adopted with much success by more than 850 corporations.