20th International Forgemasters Meeting - IFM 2017

Commercial activity in regions of the world driving the need for large ST and GT generator equipment are showing soft market conditions. These combined with increased competition from equipment OEMs is driving significant pressure on product cost. Techniques such as should cost modeling and partnering with key suppliers and their respective suppliers to drive cost-out initiatives down the supply chain are just a few industry wide examples. That partnership is essential to drive the identification of new ideas to improve productivity and efficiency in their factories & processes as well as the thorough evaluation of the product requirements driving costs.