Whether you’re a small or large business owner, an engineer, designer, or laborer there are processes you can adapt to make your job easier. If you have a stake in your business, a reduction in parts could cut your raw material and labor costs and if your company offers a bonus for cost reduction, the reward can be pretty handsome. Even if your company doesn’t have a formal cost reduction program, going into a year-end review with a claim that you saved the company money can help put you ahead.
Regardless if your company calls it “cost reduction” or “Value Analysis & Value Engineering”, it all comes down to making more money on existing products by spending less to make them. It’s the easiest profitability. There are a few tools in the SOLIDWORKS portfolio that are crucial in assisting with this. In this blog, I share how to use SOLIDWORKS Simulation and SOLIDWORKS Plastics to make better products for less cost.