Value analysis provides companies with a structured approach to systematically reduce the manufacturing costs of their products without compromising functionality or quality. It is a proven tool for engineers and product managers to successfully address economic challenges during the development process.
Manufacturing costs are systematically assigned to the respective functions of a product, allowing cost drivers to be clearly identified. This functional perspective shifts the focus away from individual components and enables the recognition of overarching relationships and opportunities for cost savings. This change in perspective is particularly valuable as it opens the door to innovative optimizations and holistic solution approaches.
Subsequent steps involve detailing potential solutions and evaluating them based on various criteria. Alongside technical feasibility and cost-saving potential, economic viability plays a critical role: the savings potential is compared with the implementation efforts to ensure that investments in cost reduction deliver both short-term and long-term benefits.
An often-overlooked advantage of value analysis is its ability to promote cross-departmental collaboration. By jointly examining costs, functions, and opportunities, teams from development, production, and procurement can work together more effectively and leverage synergies.
With value analysis, cross-ING not only establishes a solid foundation for creating more efficient and competitive products but also supports companies in aligning their processes more sustainably and strategically. The focus goes beyond cost reduction to ensure the preservation of innovation and market leadership.
The Competence Center Design for Excellence (DfX) supports you in developing products analytically and fact-based. With our experienced team, we provide the necessary expertise and resources to assist you in technical product development effectively.
Get in touch with us dfx@cross-ING.ch
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