The foremost consideration in any product purchase decision is the real-world value it offers. This involves a series of variables, viz. cost, function, alternative components, and design aspects such as ease of manufacturing and assembly, which need to come together in the right balance to achieve cost optimization.
Our Value Analysis & Value Engineering teams have many years of industry experience and have been helping partners put together compelling propositions. In our team, we have subject matter experts for all areas in the manufacturing domain. Our methodology is based on the steps defined by the Society of American Value Engineers (SAVE).
Our extended service offerings also include competitor analysis, strategic sourcing, reverse engineering, and lean manufacturing. All these help in the right vendor selection to realize the cost savings coming out of value analysis and value engineering exercise:
Scoping -> Information collection -> -> Value Analysis -> Function analysis -> FAST Diagram -> Function Cost analysis (should costing) -> Creativity Phase/Concept generation -> Evaluation Phase/Concept short-listing -> Detail engineering -> Should cost analysis of final concept -> Fine-tune 3D models of final concept – Final concept and presentation
Scoping & Benchmarking
Should costing of current parts
Function cost analysis
Creativity phase / Concept generation
Evaluation phase / Concept shortlisting
Should cost analysis of the final concept
Should Costing Analytics
Fine-tune 3D models of the final concept
Final concept and presentation
Excel-based manual costing
Our experience in tools are Costimator, aPriori, DFMA and Excel based manual costing