Value Engineering & Analysis
New Product Development & Portfolio ManagementThe purpose of value engineering and analysis is to simplify products and processes. The aim is to find the technologically best solution for the cost in order to stay in line with the times and meet customer requirements.
Both methods use very similar steps and usually only differ in their application. While value analysis is applied to existing products, value engineering focuses on the new product development process, i.e. the design and development phase.
The choices made during the product development and design phase can affect up to 80% of the future product cost. Because the costs are fixed early on, there is more freedom to choose among cost-saving options.
In this context, management faces numerous challenges: research, development, risk assessment, design, production, marketing, sales, cost analysis, quality aspects, legal framework, commercialisation, inter-company and cross-company cooperation, portfolio management, and resource allocation.
The focus is on reducing costs,
improving function and production, and
establishing good collaboration.
BLUE-iBEX helps transform your ideas into new products and services and helps improve your existing product and service portfolio.
BLUE-iBEX works according to “design-to-value” principles, i.e. product development/improvement should either deliver a greater benefit to the customer or reduce production costs without affecting the value to the customer.
BLUE-iBEX provides step-by-step support from the beginning to the end of the process, from the case study and rough concept to design and development right up to production and supply chain optimisation.
