Which of the following benefits of manufacturability and value engineering have you heard of?
The first benefit of design for manufacturability (DFM) and value engineering is that they can help avoid cost escalation, delay, or even cancellation of a new product launch. The cost of a product is determined largely by its concept, architecture, and other factors in the initial design phase.
During that time, up to 80% of the total product budget is committed. This includes material costs, tooling costs, and assembly and testing costs.
This also means that it is much more difficult to change the design after a product has been committed to the production line.
Another benefit of DFM and VE is that they can be applied to existing products to ensure that the manufacturing process can be used effectively and efficiently. This can be done through the application of a range of techniques including the elimination or modification of redundant functions, tradeoffs between reliability and flexibility, and the creation of new assembly lines or processes.
The last benefit of DFM and VE is that it can be used to improve the quality and performance of products that are already in production. This can be done through the application of value analysis to identify functions that are not important from a functional point of view.
It can also be used to improve the distribution of a product, making it easier for consumers to acquire and use the goods that they purchase. This is an extremely important function for any company that wishes to remain competitive in a global marketplace.