Value-cost ratio improvement by value engineering training

The key topics of value engineering are profitability, improvement for your business and affordability for your customer.

To reach these goals it is crucial to understand what drives both value and cost. This means translating your customer requirements into value/cost optimized solutions and speeding up your development process. The value-engineering way of working is a valuable add-on to system architecting and systems engineering.

This course is essential for those who work in multi-disciplinary product design teams that aim to launch winning products to the market in a timely manner and improve profitability of existing products.

In-company trainings are also available upon request, for instance, to kick-off new product design teams. Example cases used in the training are designed to be both fun and inspiring.

As an icebreaker, we have participants jump right into a Lego redesign case. With this, course-goers immediately get to experience a large part of the normal development process in a fun new way. Exercises like this aim to shine a light on the methods that will give you deeper insight into the buying behavior of the customer, understanding function, optimizing manufacturability and quality, as well as working with suppliers and more.

We encourage participants to bring their own case. This practical information will be used as an example and greatly increases the learning experience because it appeals to people’s real-life experiences.

Value Engineering: doing the right things right!

PRACTICAL INFO

• If on-site training is not feasible, we will transition to a live, interactive online (virtual) or hybrid format. If this transition is necessary, we will contact you in advance for your approval.
• The training is available for in-company editions.

The training course aims to:

• Understand the customers’ key requirements that improve value and buying behaviour;
• Use a step wise approach how to improve on profitability of existing and future products;
• An overview of the different value engineering tools and when to apply in the design process;
• Understand value and cost drivers and their relation to your product requirements;
• Understand where cost originate in the manufacturing & supply process and find strategies to reducing costs;
• Effectively involve suppliers early in the design process and how to utilise their engineering and/or manufacturing skills.

This course is intended for system architects, lead engineers, marketing professionals, project managers, purchasing people, c.q. multi-disciplinar design teams. Pre-requisite: an open mind for innovative but structured methods to manage requirements towards value and cost reduction/improvements.