Value Engineering

Value Engineering Services

Our value engineering services aims to optimize mechanical products for cost-effectiveness, performance, and efficiency without compromising quality. Our systematic approach helps businesses reduce material and production costs, enhance functionality, and improve manufacturability. With over decade of experience, we ensure that your products deliver maximum value at minimum cost.

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.

Our Process – Mechanical Value Engineering

Product Analysis & Cost Breakdown

We begin by thoroughly evaluating the existing product design, materials, and manufacturing process. This stage involves identifying key cost drivers that impact production, materials, labor, and assembly. We conduct a functional analysis to differentiate essential from non-essential features and compare our findings with industry benchmarks to pinpoint areas for improvement.

Function-Cost-Worth Analysis

This phase focuses on determining the primary function of each component and its associated cost implications. We assess whether the cost aligns with the component’s necessity, enabling us to eliminate or modify non-essential features without compromising performance.

Material Optimization & Alternate Selection

We explore alternative materials that offer equivalent strength and durability at lower costs. This includes evaluating lightweight, high-performance substitutes and eco-friendly options. Finite Element Analysis (FEA) is employed to ensure that material changes do not compromise product integrity.

Design Simplification & Standardization

We aim to reduce unnecessary complexity in part design and assembly. Implementing modular designs facilitates easier manufacturing and assembly, while standardizing parts across product lines reduces inventory and procurement costs. Design for Manufacturability (DFM) and Design for Assembly (DFA) principles are utilized to streamline production.

Process Optimization & Manufacturing Cost Reduction

This involves identifying costly and inefficient manufacturing steps and recommending faster, more precise, and cost-effective production techniques. Automation and lean manufacturing principles are implemented to reduce labor costs, and efficient machining, molding, and fabrication processes minimize scrap and waste.

Performance Enhancement & Reliability Improvement

We focus on enhancing product durability, strength, and lifespan through optimized design. This includes improving heat dissipation, wear resistance, and mechanical performance. Stress and failure analysis are conducted to prevent design weaknesses, and ergonomic and user-friendly design improvements are incorporated.

Let’s Connect & Build Something Amazing Together!

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