Product Costing for Designers Master Class TM

🎓 Product Costing for Designers Master Class TM 🚀

About the Master Class:

Embark on a transformative learning journey with our Product Costing for Designers Master Class TM. This course is meticulously crafted to equip you, the designer, with the essential costing knowledge that underpins successful product design. Delve into the core elements of costing, and explore various costing methods such as reference costing, zero-based costing, and comparative costing. Understand components like inventory costs, machine hourly rates, labor costs, overheads costs, profit margins, and even parking costs in detail to ensure you have a comprehensive view of material costing.

Design Philosophy:

🎨 "Design is not merely about following chapters or memorizing formulas from textbooks. It's an art that thrives on creativity and innovation, shaped by the unique approach of each designer. This Master Class emphasizes learning through real-world case studies and active engagement to foster your design thinking skills."

Learning by doing and learning by action are key to understanding design philosophy. Through this course, you'll appreciate that every designer brings a different perspective to problem-solving based on their inputs and design process.

Benefits of the Master Class:

✅ Comprehensive Costing Components: Students will gain an in-depth understanding of ROMaterial, processing costs, and overheads with practical examples.

✅ Designer-Engineering Interface: Discover why material costing knowledge is crucial for designers when working with engineering teams, especially under economic and cost constraints.

✅ Machine Economics: Learn how to calculate machine rates, including Capex, overheads, consumables, non-consumables, maintenance, and appreciation costs.

✅ Costing Application in Products: Understand how to apply costing principles to everyday products like a pen, and compare your findings with market prices to identify errors or inefficiencies.

✅ Zero-Based & Comparative Costing: Master the art of zero-based costing and learn how quick and easy cost estimation can be achieved using comparative and reference costing methods, even when information on materials is scarce.

✅ Cost Awareness for Designers: After completing this course, you'll have a profound knowledge of costing and its impact on design and supply chain efficiency, enabling you to create more cost-effective and value stream-friendly products.

This Master Class is not just another online course; it's an immersive experience that blends theory with practice, ensuring that you, the designer, are well-equipped to navigate the complex world of product costing and design with greater confidence and skill. Enroll today and transform your approach to product design! 🌟