Sunday, 29 March 2020

Value Maximization Approach in Manufacturing

There are several steps to achieve and by doing you can add the value in your product.

[A] Cleanup the Unnecessary Parts from the component

[B] Design the component for optimum factor of safety

[C] Select alternative material for your assembly, in order to maintain the value of the product

[D] Reduce tooling cost by 25 % in resulting sustainable manufacturing cost of the product.

In this way, you can reduce the product cost by 20%. But, it is not like I have written....

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