Expert Value Engineering Services
Value Analysis and Value Engineering are crucial in ensuring that products meet the needs of clients while balancing cost, quality, safety, and resource utilization. By analyzing the product’s value, we help you identify areas where you can better optimize resources, reduce costs, and improve quality. This helps businesses to stay competitive in the market and provide better products to their customers at a lesser cost.
We analyze what the product needs to do – its key functions. Then we find ways to optimize the design to keep those critical functions while making improvements. This process focuses on boosting performance and quality, aiming to improve the concept of value. The end goal is a simplified, cost-saving design that excels at its core functions.
Get in touch today to learn more about our Value Engineering services.
Value Analysis and Value Engineering are crucial in ensuring that products meet the needs of clients while balancing cost, quality, safety, and resource utilization. By analyzing the product’s value, we help you identify areas where you can better optimize resources, reduce costs, and improve quality. This helps businesses to stay competitive in the market and provide better products to their customers at a lesser cost.
We analyze what the product needs to do – its key functions. Then we find ways to optimize the design to keep those critical functions while making improvements. This process focuses on boosting performance and quality, aiming to improve the concept of value. The end goal is a simplified, cost-saving design that excels at its core functions.
Get in touch today to learn more about our Value Engineering services.
Our Process for Value Analysis and Value Engineering
Value Analysis Value Engineering (VAVE)
Value Analysis Value Engineering is a methodical way to assign a cost to the value or function of a product. This then allows a company to optimize the relationship between the two ensuring that products are not over-engineered or under-designed but instead are “just right” for their assigned task and therefore cost correctly.
By employing VAVE analysis our cost and value engineering consultants are able to help companies ensure they build products that are engineered for the task to keep costs down.
Value Extraction and Value Protection
We provide an end-to-end solution that capitalizes on both value protection and value extraction. With our deep domain expertise, we identify situations demanding value protection strategies that minimize downside risks in short-term situations. (process safety incidents, climate changes etc). Our GigHz Engineers then identify value extraction opportunities to improve your product yield and maximize performance in the long run.
The result is a proactive value engineering mechanism that protects, extracts and creates value for your entire product life cycle.
How We Work at GigHz
Alternate Material Suggestion
Our team of experts will analyze your product’s current materials and suggest efficient alternatives that can reduce weight, cost, or both, while maintaining the product’s integrity and performance.
Optimised Design Implementation
Our value engineering services include optimizing your product’s design to reduce material usage, weight, and cost, while maintaining its functionality and performance.
We’ll use cutting-edge design tools and techniques to create a streamlined, efficient design that meets your product’s requirements and exceeds your customers’ expectations.
Weight / Cost Reduction
We help minimise product weight and materials usage while maintaining strength, durability, and function. Lighter designs lower material costs directly and also reduce shipping/handling costs over the product life cycle.
Modular Design Approach
We utilize modular product architectures that allow for part standardization, simplified manufacturing, and efficient assembly and maintenance. This optimizes the design for weight, cost, manufacturability, and customization flexibility.
Process Selection or Optimization
We evaluate production and assembly processes to identify opportunities for greater efficiency. Our engineers recommend optimized, cost-effective processes tailored to your production volumes.
Supply Chain Integration
Our value specialists look beyond the product to optimize the supply chain. We consider sourcing, logistics, inventory, and relationships across suppliers to reduce costs holistically. Supply chain integration is key to maximizing value.
Get Your Value Analysis and Value Engineering Process Started Today!
All of these value analysis and value engineering services will be right at your fingertips the moment you partner with GigHz. We’re eager to hear about your project and what needs you have, and to get started in finding ways for our world-class engineering teams to help.
Contact GigHz today to find out more specifics about how we can optimize your design and engineering processes, minimize your costs, and create a solution that’s tailored just to you.
Click here to Secure your Free Consultation now.
The Benefits of Our Value Engineering Services
Engineering the product to the Right Level
We advise you on what your target cost should be for a particular product, component or the business as a whole. This ensures that a product or component is not over-engineered, thereby reducing spend through the whole business including design, materials, complex manufacturing processes and shipping weight.
Extended product life through longer product maturity period
We help increase product life through our value engineering process. This is very important as certain verticals like medical, military, and industrial have very long product life cycles of 5 to 10+ years.
Entering new markets by customizing products for different geographies
Expanding into new geographic markets can catalyze substantial growth for companies. By entering new countries and regions, you can gain access to entirely new customer segments, distribution channels, and revenue streams.
Q: How does value engineering work?
A: Value engineering is the process of using a systematic approach to identify and eliminate unnecessary costs while optimizing the function, quality, and reliability of a product or project.
Q: How does value engineering differ from general electric or failure analysis?
A: Value engineering is a systematic approach for improving the value of a product or project, while general electric and failure analysis may focus on specific aspects such as design and manufacturing or identifying reasons for failure.
Q: Why is value engineering important?
A: Value engineering is important as it helps in optimizing the product’s function and quality while lowering the cost, thereby ensuring an optimum value for the end user
Q: What is the role of value engineering in design and manufacturing?
A: Value engineering plays a significant role in design and manufacturing by identifying opportunities to enhance the product value and decrease production costs.
Q: How can value engineering help in achieving low-cost production?
A: By analyzing the product value and cost ratio, value engineering can identify areas for cost reduction without compromising the product’s function and quality, ultimately leading to low-cost production.
Q: How can GigHz-EaaS help in value engineering for startups to Enterprise companies?
A: As an engineering services company, GigHz can provide the following value engineering benefits:
Cost reduction – Our engineers can analyze designs to identify opportunities to reduce material costs, manufacturing processes, part count, and other expenses.
Design optimization – We can help optimize the design performance, longevity, manufacturability, and other critical factors.
Risk mitigation – Our experience allows us to spot potential issues early and recommend design or component changes to mitigate risks.
Our value engineering services enable startups and enterprises to release products faster with improved quality and lower costs. We provide the technical skills and capacity needed to systematically optimize any design.
