We support our customers’ cost reduction programs through comprehensive spend management and value engineering solutions. Our teams comprising of cost engineers, manufacturing engineers and value engineers work with our customers’ procurement, cost management and engineering teams. They focus on providing the required analytics on the direct material spend through a robust spend analytics and should costing solution. Our teams provide in-depth information on the cost drivers, evaluate and prioritize cost reduction projects. We empower the procurement organizations to negotiate better with their suppliers and maximize effectiveness of cost reduction projects driven by manufacturing and engineering organizations.
Typical work-streams supported include:
• Spend Management
• Buy / Supplier Consolidation
• Bottoms Up Should Costing
• Parametric Cost Modelling
• Bid Analysis & Reverse Auction Management
• Supplier Negotiations
Should-cost analysis is an approach that determines what the product or a system ought to cost, assuming applicable economic and physical attributes in line with the requirements. Designers are benefited in cost estimation of the product cost at the early stage of product development to achieve their target costs. Read this paper to understand the process of Should-Cost Analysis, its significance, its importance in New Product Development and concurrent costing.
This white paper proposes a unit cost modelling methodology applied to an aero-engine part. An objective of the cost model is to allow engineers to understand the breakdown of product cost, identify “key cost drivers” and hence manage the product cost. A value driven design concept is outlined to understand cost impact of design decisions at the early design stage through Unit Cost Model.
Our manufacturing engineering solutions span prototype management, product introduction, plant transition, production support and quality, productivity & cost improvements.
The QuEST Unified Cost Engineering Process (QCEP) takes care of your cost engineering needs through the project life cycle by deploying various techniques, cost models, tools and databases, and applying expert judgment.