Sub-component over 20% of BOM, costing $120k/yr.
Company had an objective to reduce cost on a mission-critical sub-component for a major redesign. The original component cost over 20% of the total BOM, and took $120k and ops overhead to procure each year.
With my help, collaborating with the engineering team's redesign direction, the company got a 60% reduction in the cost for this specific part, and the overall BOM became 50% cheaper. The company was able to reallocate savings towards building more units to meet customer demand.