We perform spend analysis to identify cost reduction potential by category. Then we refine the potential with our cost engineering tool-set e.g. sample should cost analysis can be used to create robust saving targets.
We help our clients to deliver their short-term and long-term cost reduction targets using our unique cost reduction process supported by our cost engineering tool-set.
Cost modelling is used to support complex business decisions e.g. make vs buy or where should i make my product? Taking a life-cycle approach ensures robust decisions are made and expensive mistakes are avoided.
Product tear down involves disassembling a product to its component level for the purpose of estimating the cost or bench marking competitor products. The process identifies areas with cost reduction potential.
Value Engineering (VA/VE) is a structured method for improving the “value” of products and services by examining the “functions” (purpose). The aim is to deliver the required value at the lowest possible cost.
In this sustain phase of our engagement, we help our clients to develop their own cost engineering capability. This covers people, knowledge, data, and methods/tools. Should cost software selection is a key activity and we ensure our clients select the most appropriate solution for their needs.