Cost Reduction Services Archives | �ۿ۴�ý

The Cost-Cutting Link Between Mechanical Design and Manufacturing

�ۿ۴�ý — Wed, 20 Apr 2011 11:24:39 +0000

working for mechanical engineering companies work on reducing costs across the entire product lifecycle, from the design phase onwards. It is estimated up to 80% of product lifecycle costs are incurred during development – 60% of them at the initial concept stage.

The earlier product development costs are incurred, the harder they are to remove later. The engineering BOM should not just reflect system design, but manufacturing methods as well. For this reason, the term manufacturing BOM is often used.

The key to cost-effective system development is Concurrent Engineering – the practice of correlating hardware design with end-point manufacture. Evidently, using existing manufacturing processes is the most cost-effective way forward, but where a new mechanical design warrants a new manufacturing process (or modification of an old one), the two should be developed concurrently.

Concurrent engineering also means the active participation of everyone concerned with the project, from engineers to OEMs to vendors, from an early stage. To cost reduction consultants, co-locating the mechanical engineering and manufacturing sites ensures low production costs and a high level of teamwork. While costs can often be cut by outsourcing various elements abroad, the company must ensure it is getting the same level of quality and service it would in-house or from local providers. Whether the project is localized or not, good project data and master data management are essential.

We at �ۿ۴�ý Technologies offer a wide range of mechanical and . Our cost reduction consultants can evaluate your entire project, streamlining costs and generating tremendous savings.

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Value Engineering & Its Benefits – How Value Engineering Services Can Help Your Business

�ۿ۴�ý — Sun, 20 Feb 2011 09:44:56 +0000

Value engineering – what does it mean, exactly? Of course, all engineers want to give a high-value engineering service to their clients, but in this context, it has a quite specific meaning, akin to reverse engineering. Value engineering is a term familiar to most cost reduction consultants. It is the method by which the value of products and services are evaluated in terms of function versus cost. In other words, you can improve the way the product functions, or reduce its cost, to increase its value. Of course there are other factors involved, for example, you don’t want the cost of implementing your value engineering strategies to cost more money than they’ll bring in. At the same time, you must ensure basic functions are not reduced in any way. This means careful weighing of performance versus costs, to optimise the value of what you are producing, be it goods or a service. In the US there is a specific Public Law that applies to value engineering services. PL 104 to 106 states: “Each executive agency shall establish and maintain cost-effective value engineering procedures and processes.” Good value engineering practice is sometimes covered in the project management modules of electronic and mechanical engineering courses. Although it is common sense – reducing unnecessary expenditure without compromising on quality or performance, to both the producer and the customer’s advantage – it is a skill that needs to be learned. Value engineering is described in terms of function. What an object does, and what it is being used for, rather than what it is. We at �ۿ۴�ý Technologies offer reverse engineering services to suit companies of all kinds.

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Could an environmental compliance service cut your costs?

�ۿ۴�ý — Tue, 31 Aug 2010 14:24:32 +0000

These days reducing the cost of business may be crucial for your firm. The credit crunch and ongoing economic problems it caused mean your enterprise may be in danger of failure, if you do not reign in your spending.

One way in which this process can be furthered is by opting for an . These products enable you to get through the tough process of conforming to standards in the area without investing too much cash and time. Such cost reduction services allow you to get guidance from experts in the field.

And bringing in this knowledge may well be necessary given the complicated nature of regulations around the globe. The motivation behind such laws is to achieve a new era of sustainable development that protects the environment. Among the most potentially problematic areas for your firm could be the fact that you have to prove you have exercised due diligence when declaring your products as compliant.

This involves developing and maintaining an audit trail that can be verified by an enforcement agency if and when this is required and this can be a time-consuming process. By employing , your enterprise can acquire and consolidate data from manufacturers more easily in order to confirm information concerning the material composition of items.

Environmental compliance could help you and your company in a number of ways. As well as reducing the cost of conforming to the law, it could ensure you achieve the standards required across different parts of the world.

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Cost reduction consultants

�ۿ۴�ý — Tue, 10 Aug 2010 10:48:05 +0000

The entire world knows that times are tough. That is true in , true in retail, and just as true in the service industry and even in the halls of various government departments. Cuts in spending, drops in public confidence, and tighter controls on lending are all leading to difficulties for companies across the board. The number of empty premises on our high streets and industrial estates is growing.

Now is certainly not the time to allow any inefficiency inside your company. The processes and practices that gradually waste time and money here and there need to go, now more than ever. If you are worried about rising overheads and dropping incomings, stop worrying and take action. can help cut wasteful practices without causing problems for your company or sacrificing the potential for future growth.

We offer a range of cost reduction services for companies in all sectors. For manufacturing and mechanical engineering outfits we can help you get the most value from your supply chain and reduce costs. Efficiency gains can often be made by streamlining production processes and making sure your staff aren’t wasting time on complicated and unclear RoHS compliance issues, or using out of date data recording practices.

At �ۿ۴�ý we’ve helped plenty of companies improve profitability and maintain a strong position through dips in the market. Working together we can make sure your business comes through the recession and emerges on the other side. Use the enquiry form on our site to get in touch.

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Save Money with Cost Reduction Services

�ۿ۴�ý — Sat, 10 Jul 2010 12:44:26 +0000

Here at �ۿ۴�ý we are very proud of our . We like to think of this as a very collaborative process and customers working with us. Together, we have been working with external suppliers and have shown savings in the (BOM Cost) from 10% to 25%. Because we as a company work in a number of different areas such as electronic design, mechanical design, and sourcing, we utilize a team who know all of these areas and can cross borders in ways that other companies are often unable to do to keep costs down.

As well as sourcing high-quality components from the cheapest available sources, and sometimes buying in bulk and passing those costs onto you; we also source from non-local countries if we think we can get savings that we can pass on without this negatively effecting quality. We may also suggest different replacement parts or a variation in design to help cut the overall costs. We keep very up-to-date on current technologies which may well have changed even during the design phase of the project. It is sometimes the case that technologies have moved on to the extent that we can suggest a completely new technology with a lower to replace something in your build. Integration is also something we look at, especially with changes on the IC market happening so fast.

Our cost reduction services also look at the , optimizing the mechanical complexity and the mechanical component costs and even occasionally shifting manufacture to a cheaper country if required.

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