Value Analysis / Value Engineering & Localization
In today’s hypercompetitive world of manufacturing, Value Engineering / Value Analysis is imperative for OEMs to maximize their profitability from the product sales.VA/VE by its very nature is an intensive, interdisciplinary problem solving activity that focuses on improving the value of the functions that are required to accomplish the objective of any product. It's goal is the systematic application of recognized techniques that identify the functions of the product, establish the worth of those functions, and provide only the necessary functions to meet the required performance at the lowest overall cost.
Our structured process for VA/VE include steps such as:
- Analysis of standard and optional features, recommendation for de-featuring / re-featuring.
- Analysis of the cost elements for the entire BOM
- Priority Matrix (Risk vs Cost)
- Structural Optimization
- Recommendations for Localization