Target costing for stationary energy storage system
European producer of energy storage systems: The challenge
- Customer wants to develop a new stationary energy storage system
- A target costing and cost reduction study was made to drive concept decisions
FEV e+r: Our involvement and solution
- Joint workshops to discuss existing customer design solutions and potential production processes
- Cost evaluation and prioritization of design alternatives
- Cost forecast of selected concept based on first bill of material
- Regular updates of cost forecast based on design changes and rising level of technical specifications during further development
- Interdisciplinary workshops to identify cost-reduction measures
- Detailed evaluation of identified cost reduction ideas
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