Designing for Manufacturability: Value Engineering
Successful manufacturers are hardly strangers to innovation. By improving products and processes, companies not only boost their top and bottom lines, but they also provide a better experience for the consumer. The advent of better, more effective output opens doors of opportunity for any company, and value engineering – an irreplaceable part of the innovation phase – is no exception.
Defined as a systematic and structured approach designed to improve processes and products, value engineering is used to analyze existing products/processes and achieve balance between required functions. These functions typically include performance, quality, safety, and scope with the cost and other resources necessary to accomplish requirements.
According to notable value-engineering group SAVE International, the process is also divided into six stages:
Information Phase – gathering information to better understand the project Function Analysis Phase – analyzing the project to understand and clarify its required functions Creative Phase – generating ideas on all possible ways to accomplish required functions Evaluation/Judgment Phase – synthesizing ideas and concepts by selecting feasible ideas for development into specific value improvement(s) Development Phase – selecting and preparing the best alternatives for improving value Presentation Phase – presenting the value recommendation to the project stakeholders
MAGNET has used this methodology to grow several businesses in Northeast Ohio. Boxcast, a Cleveland manufacturer of video streaming devices, desperately needed to reduce costs and re-evaluate the core functionality of its flagship product. After connecting with MAGNET, the company was able to simultaneously improve its device and consumer experience through value engineering. To learn more, read the Boxcast success story!
Want to know how value engineering can revolutionize your business? Call Linda Barita at 216.600.1022 or email firstname.lastname@example.org to schedule a consultation!
HEADLINE The survey definitively shows that product innovation leads to more growth, while “grow your own workforce” strategies will be needed to fill the major labor shortages hampering small manufacturer growth. Emerging technologies like the Internet of Things (IoT), 3D printing, and digital manufacturing are beginning to enhance innovation and productivity, but still have significant room for adoption amongst Ohio’s small manufacturing businesses. ABOUT THE SURVEY Under the direction of the Ohio Manufacturing Extension Partnership (Ohio MEP), MAGNET: The Manufacturing Advocacy and Growth Network conducted a thorough survey of Ohio’s manufacturing base. Contributing approximately 20% of Ohio’s jobs (and driving in some regions up to 50% of Ohio’s economy), and generating a disproportionate amount of export revenues and Gross Regional Product, manufacturing is critical to Ohio. Greater than 95% of Ohio’s manufacturers are small (under 500 employees), and these manufacturers need to remain competitive both nationally and internationally to ensure our economy’s health. Ohio’s Development Services Agency and the National Institute of Standards and Technology, which runs the MEP, recognizes the importance of this sector and fuels MAGNET and the Ohio MEP program to directly serve and support innovation, efficiency, and growth in small and medium manufacturers. What manufacturers need
How Virtual Reality and Augmented Reality Can Help Keep Our Engineers Safe and Our Manufacturing Strong Recall how difficult it was to put together complex LEGO creations when you were a child or helping a child. Now, picture assembling a fighter plane from a room full of parts. Even highly trained engineers can benefit from technology to help improve consistency and quality. Virtual reality (VR) and augmented reality (AR) are making near-perfect assembly a possibility in the manufacturing space. By wearing AR glasses that use cameras, depth sensors and motion sensors to overlay images onto the real working environment, engineers and factory workers can visualize the exact bolts, parts, part numbers and instructions on how to assemble a particular component correctly. Lockheed Martin began using AR goggles and improved F-35 assembly time by 30 percent, in addition to increasing accuracy to 96 percent. In order to remain competitive, businesses should consider the ways VR and AR can improve efficiency and supply chain productivity. According to a recent BofA Merrill Lynch Global Research report, AR platforms can provide companies up to 25 percent in cost savings on installation of equipment. Here are four ways VR/AR is disrupting the mid-market manufacturing space:
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