Value Engineering

Starting with a thorough analysis of the function, design, manufacturability and current status of your product, we determine the best approach to improve performance, reliability, quality and safety, and reduce life-cycle cost. Benefits typically include overall cost reduction, elimination of component obsolescence, increased customer satisfaction, and expanded sales opportunities.

The focus of the Value Engineering Program is:

  • Eliminate obsolete components
  • Utilize money-saving technologies, components, and methods to reduce cost of producing the product
  • Repair product, warranty, or technical support issues
  • Add needed features
  • Increase procurement efficiency
  • Update user interface
  • Improve overall functionality

The bottom line: upholding your customer promise while increasing product revenue and profit.

How It Works

There are four steps to the RBC Value Engineering Program.

  1. Engage - Execute a Non-Disclosure Agreement, and send specific information to RBC concerning the selected product's design, manufacturing and business status. This information will include per-unit production cost, customer feedback, and other relevant product data.
  2. Analyze - RBC analyzes your product and determines potential solutions and associated product savings to be realized over a predetermined period.
  3. Plan - RBC develops a comprehensive value engineering change proposal addressing features, benefits, cost and alternatives.
  4. Execute - RBC reviews the analysis and determines whether or not to proceed with the project.

To learn more about value engineering and how it can help you, read our value engineering white papers.

 
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