The Digital Transformation of Cost Management: How Dana Unlocked $4M in Savings
Dana, a global leader in driveline systems, digitally transformed its approach to cost management. Faced with a rapidly changing market, Dana moved beyond traditional, siloed analysis by adopting a comprehensive digital manufacturing insights platform. This solution created a single source of truth for cost data, bridging the gap between engineering, procurement, and manufacturing teams. By proactively analyzing product costs early in the design cycle, Dana achieved a remarkable 4% savings on a $100 million annual spend in the first year, establishing a new blueprint for continuous cost reduction.
With over 25 years of experience at Dana Incorporated, Scott Steward has demonstrated a consistent trajectory of growth and leadership in engineering. Starting as a Senior CAD Designer, he advanced through multiple engineering roles to become a Senior Engineering Manager. His expertise is highlighted by a focus on "Design for Cost" and a strong background in Light Vehicle Application Engineering, given his deep understanding of driveline systems and cost-effective manufacturing strategies.