Value engineering is reviewing the processes involved in manufacturing a project or product in order to identify and eliminate unwanted costs, whilst improving functionality and quality. An experienced sub-contract manufacturer recommends modifications to designs in order to ease manufacturing improvements.
In this first stage, we aim to understand your project requirements. At this stage, we would request drawings and specifications from you as a client. The drawings received can vary substantially in detail and complexity so if a client does not have enough detail on their drawing we will usually set up a phone call to follow up. Once we have the information it will be sent to our design team to analyze material and manufacturing requirements.
Function Analysis Stage
In stage two our engineering department performs a functional analysis of the raw materials and manufacturing processes as per your requirements. At this stage, we recommend alternative materials in order to reduce costs and ensure the functionality of the product. This is created using FEA Analysis software showing our clients how their design concepts will work in real-life situations.
Manufacturing Plan Stage
Our third stage involves analyzing the most cost-effective way to manufacture the product keeping in mind the volume of parts to be produced and the time scale. An innovative approach at this stage can result in long-term savings. At this stage, we would typically recommend small changes to part sizes or other design elements in order to eliminate material wastage and improve manufacturing times and labor costs.
Evaluation and Monitoring Stage
Once a manufacturing plan has been agreed our fourth stage involves closely monitoring initial manufacturing times against expected results and further evaluation of any improvements that can be made to manufacturing processes to reduce cycle times and increase efficiency.
The Evaluation Stage is carried out in two main steps:
- Qualitative analysis of value regarding design, quality, and functionality. This can involve issuing a declaration of conformity to manufacturing standards if required
- Quantitative analysis to evaluate the ongoing project requirements and ensure manufacturing efficiency can be maintained.
In our fifth and final stage, we provide a full report that summarizes all the project work completed including the conclusion and proposals plan to implement the project on time and within budget.