Value Engineering (VE) is concerned with new products and applied during product development. With focus being on improving function, reducing costs or both, by way of analysis and teamwork-based product evaluation. This takes place before any capital is invested in plant, tooling, or special equipment.
VE is very significant, because according to reports, about 80% of a product’s costs (through the remaining of its life cycle), are locked in at design development stage. These are clear when considering the design of any product determined by the many factors, such as, plant tooling, equipment, labour and skills, training costs, materials, installation, maintenance, shipping, as well as decommissioning and recycle costs. Hence, value engineering is considered a crucial activity in the product development process. It is a wise commercial investment, reflecting on its long-term benefits. SolidPro strongly recommends and helps its clients to build value engineering into their new product development process. We aid clients to make their processes and product life cycle more robust and commercially competitive.
Value Analysis (VA) involves streamlining efficiency and effectiveness of an existing product. SolidPro involves its customers and help them to analyse their current product being analysed and evaluated by a skilled team of professionals. With the aim to reduce costs, improve product function or both SolidPro Value Analysis exercises use a plan which methodically and sequentially evaluates the product in a range of areas – including costs, function, alternative components and design aspects for ease of manufacture and assembly.
SolidPro’s Functional Analysis forms a significant part of the VA technique. We break down the product and review its number of assemblies. Once, the function is identified and defined for each product assembly, Costs are assigned to each one. Our VE, VA specialists perform group activities that involves brainstorming improvements and alternatives to improve the value of the product, particular to the customer.
VA is based on products existing in the market. The reasons for value analyses on existing products is because VA reduces costs (in all areas such as materials, parts, and production), as well as improving product functionality. Consequently, the value of the product is increased and bring customer benefits. Reduction of product costs increases revenue and profit per product. It gives the company an option to reduce prices and sell more or invest into R&D.
VA enables product improvements possible in a variety of areas, such as design and engineering, material selection, manufacturing, installation, assembly, testing, shipping, use by the customer, service, maintenance, and recycling.
For many manufacturing businesses their product range evolves over time, as a collection of solutions to address the newer needs of customer. Habitually products are developed under tight time constraints, rather than being the result of strategic planning and as a result, a wide variety of materials and parts are sourced and used. This leaves loads of scope for rationalisation of component at several stages. Value Analysis Exercise opens the door to economies of scale where negotiations are based on ordering larger quantities and focus on cost reduction.
SolidPro’s VA projects enable client’s business to take commercial advantage of the constantly tumbling price of certain technologies and assist sourcing of alternative components and materials.
SolidPro’s differentiating factors help clients increase perceived value of their product throughout its product life. This increases the prestige value of the product and makes ownership desirable, in turn helping marketing and product sales.
SolidPro VA, in conjunction with world class standards and manufacturing techniques, help realise substantial company-wide improvements to its clients thereby delivering significant competitive advantage.
SolidPro takes step to determine the details of the project. They include - requirements, functionality and the constraints involved in the project
On ascertaining the details of the project, SolidPro generates a list of methods and possibilities of executing the project or providing value engineering services.
All possible methods to meet requirements of the project are evaluated and analysed. Utmost care is taken to ensure that the best method is implemented which result in cost savings.
Conclusively, the most rewarding method is selected and presented for customer approval and implementation.
Solidpro delivers high quality engineering design optimization solutions. SolidPro experts help improve product design, giving you the competitive edge. We utilize simulation,3D modelling, and analysis to uncover design flaws, reduce performance risk and improve product effectiveness.
SoldiPro uses modern tools and methodologies to optimize product design aimed at cost reduction and weight. Our state-of-the-art engineering analysis procedures validate all product designs and possibilities of design failures in the preliminary stages saving expenses incurred in relation to time and cost.
Solidpro uses the unique Modular design approach that increase interchangeability reduce and complexity in engineering. Such approach also results in a lower rate of production errors and reduced component variety in manufacturing. SolidPro team analysis potential risks of the design and ensure complex tasks in designing are handled efficiently while reducing cost of manufacturing.
Our skilled professionals bring in best practices and techniques offering to take care of creating multiple versions of models, library parts, and configurations to organize libraries and deliver the best setup for your existing archives. SolidPro helps clients to create parts and feature libraries, freeing up valuable time that can be used to focus on core manufacturing activities.
SolidPro offers localization of the product, supplier integration services and low-cost sourcing that effectively addresses client requirements. SolidPro Value Engineering services comply with the global standards, address cost expectations, statutory regulations, and feature requirements of the new market.
© 2023 Solidpro. Designed with passion @ Spidergems Softlabz