Category: Building Blocks

Building Blocks /

Cost per Wear: An Overview

Hello!

When thinking about what I am purchasing for my closet, I use something called Cost Per Wear (CPW) to guide me towards smarter choices when it comes to building my wardrobe. 👗It’s a simple concept that helps me to “c” the engineering mindset and apply it to everyday life.

CPW is all about maximizing the value of each piece of clothing we purchase. Let’s break it down: Imagine you splurge $100 on a stunning orange 🍊dress for a brunch outing, wearing it just once. That means the dress costs you $100 per wear. Now, contrast that with a different scenario: You snag a stylish blue dress and wear it religiously throughout the warmer months, say 26 times. The CPW for this blue dress 💙? A mere $3.85 per wear. Quite the difference, right?

But CPW isn’t just about number crunching, it’s about using that data point to inform our future wardrobe decisions. Think about why that blue dress offered more value. Is it because you have more accessories that pair with blue, or maybe you simply feel your best in cool tones. These qualitative insights complement the quantitative CPW analysis, giving us a complete understanding of what truly adds value to our closet. 💰💲👚🧢

So, grab your calculator and join me in my CPW journey. I have more in store for this topic, so I hope you hang on with me and continue to learn about how to “c” life engineered. 🧮

-C

Building Blocks /

Unveiling the Magic: Value-Add vs. Non-Value-Add

Hello!

Thank you for being here! In today’s post I wanted to unveil the magic of value-add and non-value-add.

⭐The Magic of Value-Add

Value-add is like the secret ingredient that transforms the ordinary into the extraordinary. I remember learning about this back in school. When determining if something is a value add, I ask myself, “Would I be willing to pay extra for this?” It’s that extra sparkle that enhances a customer’s or individual’s experience. Although, the perception of value can be subjective varying from person to person or situation to situation.

💎Examples of Value-Add:

  • Innovative Features: I have a poncho I bought that has space for my mickey ears, in my opinion that’s a value add when visiting Disney World in the rainy season!
  • Customization: A product or service to tailored to individual preferences… like a monogrammed tote. You guessed it that’s a value-add

🌪️Navigating Non-Value-Add

Now, let’s journey into the land of non-value-add—a place where value disappears. In all seriousness, this is what you don’t want to pay extra for. My go to explanation for this is a customer is willing to pay for expedited shipping to their home to make it in time before they go on vacation, but they do not want to pay extra for you to move product between warehouses due to poor inventory planning.

🚫Examples of Non-Value-Add

  • Excessive Paperwork: I’m not talking waivers for activities, I’m talking needing to fill out the same form 3 different times because it needs to be on pink, purple, and yellow paper.
  • Redundant Processes: An action that doesn’t make the end product better, like adding extra packaging only for it to be thrown away.

✨In the end value-add versus non-value-add is a building block of lean thinking. Value-add activities directly enhance a product or service for the end user. On the other hand, non-value-add activities, while necessary, don’t directly contribute to the end product or service.

❤️I anticipate referencing this topic in future posts, so I hope this helps you to C Life Engineered.

-C

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