Value Engineering
Value Engineering
Value Analysis and Value Engineering represent a methodical approach to evaluating products in light of evolving circumstances, enabling modifications in both direct and indirect cost factors to achieve equivalent performance at reduced costs or enhanced performance at unchanged costs.
At Vensphere, our Value Engineering offerings encompass Benchmarking, should costing, and Design validation to guarantee that product or sub-system performance, functionality, safety, and reliability standards are fulfilled while simultaneously achieving targeted cost reductions.
We offer a range of Value Engineering services, which include:
- Benchmarking against competitor products
Should costing utilizing tools such as Excel, aPriori, and Costimator
Selection and optimization of materials and standard components
Optimization of design, processes, and supply chains
- Design Validation through CAE simulations
Estimation of investment and strategies for realizing early Return on Investment (ROI).