Value Engineering Services
Nearly all small businesses today struggle to make a profit and grow their companies. The unpredictable costs of raw materials often make it difficult to plan projects far in advance. One effective way to keep costs as low as possible is value engineering. If you’ve never heard of it, you might be wondering What is Value Engineering? Basically, it is the process of evaluating a product design and determining ways to save money in manufacturing. To be successful in reducing costs, an analyst must look at the functions of the product rather than what the product is. By quantifying the uses of the product, analysts can look for ways to perform the same functions more cost-effectively. Through the process of breaking down the functions into their most basic terminology, analysts can then determine which less costly materials can do the same things.