A leading supplier of critical components, locomotives, services, signaling, and logistics systems and services to the global rail industry. With best-in-class manufacturing facilities, unmatched digital expertise, always-on global services delivery, and unrivaled product breadth and performance, this $11B corporation is the rail industry’s one-stop-shop.
Business Requirement / Challenges
Customer wanted us to conduct a Value Engineering exercise for their engineered electrical parts to reduce cost and to be competitive in the market-place. Their challenges were amplified by the limited availability of documents like outline drawings, purchase specifications, and BoMs. A lot of assumptions were made based on purchase specifications, previous experience and examining the similar parts which could result in inaccurate data.
Our Solution / Services
After detailed analysis on the outline drawing, purchase specifications, BoM, and an elaborate discussion with subject matters experts, we finalised the details for material, CTQs, manufacturing process, secondary processes, validation requirements.
Product cost management tool aPriori used to ensure that the product meets its profit expectation.
Customer Benefits / Deliverables
Cumulative Cost Savings of ~ $140K.
Adherence to all variables in delivering a solution validating all the assumptions.
Comprehensive list of parts was maintained subsequent to the project.
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