Monday, 30 March 2020

Sunday, 29 March 2020

Value Maximization Approach in Manufacturing

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....

Battery Electric Vehicles cost of ownership

Take a moment to understand this table which shows a total cost of ownership comparison between gasoline vehicles and #FullElectricVehicles