Value Engineering

New products are the focus of value engineering (VE), which is used during the product development process. with an emphasis on using analysis and teamwork-based product review to improve function, cut costs, or both. Before any money is spent on plant, tools, or specialised equipment, this is done.

VE is particularly important since, according to reports, the design development stage locks in around 80% of a product’s costs (for the rest of its life cycle). Plant tooling, equipment, labour and skills, training expenses, materials, installation, maintenance, shipping, and decommissioning and recycling costs are only a few of the numerous aspects that influence a product’s design.

Value Analysis

Simplifying a current product’s efficacy and efficiency is the goal of value analysis, or VA. With the assistance of a knowledgeable team of experts, engages its clients in the analysis and evaluation of their present product. Value Analysis exercises employ a plan that systematically and progressively assesses the product in a variety of areas, including costs, function, alternative components, and design factors for ease of manufacture and assembly, in order to lower costs, improve product function, or both.

VA is predicated on items that are currently on the market. Value analyses of current products are conducted because VA improves product functioning and lowers costs (in all areas, including materials, parts, and production). As a result, the product’s value rises and benefits the consumer. Revenue and profit per product are increased when product costs are decreased. It offers the business the choice to invest in R&D or lower prices and increase sales.

The Value Engineering Process

Gathering Information

Simulex takes steps to determine the details of the project. They include - requirements, functionality, and the constraints involved in the project

Evaluation

All possible methods to meet the requirements of the project are evaluated and analyzed. Utmost care is taken to ensure that the best method is implemented which results in cost savings.

Alternative Generation

On ascertaining the details of the project, Simulex generates a list of methods and possibilities for executing the project or providing value engineering services.

Presentation

Conclusively, the most rewarding method is selected and presented for customer approval and implementation.

Value Engineering Services

Engineering Design Optimization

provides excellent engineering design optimisation services. Professionals assist in enhancing product design, providing you with a competitive advantage. To find design defects, lower performance risk, and increase product efficacy, we use simulation, 3D modelling, and analysis.

Product Weight Reduction

contemporary techniques and methods to optimise product design with a focus on weight and cost reduction. We save time and money by using our cutting-edge engineering analysis techniques to validate all product designs and potential design flaws in the early phases.

Modular Design Approach

unique Modular design approach that increases interchangeability and complexity in engineering. Such an approach also results in a lower rate of production errors and reduced component variety in manufacturing.

Part/Feature Library

In order to organise libraries and provide the optimal arrangement for your current archives, our knowledgeable professionals use best practices and approaches to handle the creation of multiple versions of models, library components, and configurations.

Supplier Integration

Provides low-cost sourcing that successfully satisfies customer needs, supplier integration services, and product localisation. Global standards are met by Simulex Value Engineering services, which also take into account the new market's feature needs and cost expectations.

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