How do our services help companies save revenue?
Here are two key areas where your company will save revenue:
- engineering and
Engineering products that are environmentally robust throughout their lifecycle. From the product design specification, through to end of service and recycling.
The design of the product or machine is the first area where one should save revenue. Encompassing processes and procedures, it is your company's responsibility to improve them.
Your company should develop over time, so that designs cost you less money to realise the product. We address several areas in engineering and designing of new products.
Be sure that the product requirements for the product is in detail and complete. Having a thorough exercise in drawing up the requirements will save you in the long—run. As incomplete requirements will deliver products that are not fit for the purpose. And there will be a risk of redesigning.
The design of the product can start with concise requirements. During which new concepts will evolved. These new concepts are risks in your programme. As you or the designer will not have any proof whether it will work or not.
You should have warranty data, if your company designs and manufactures products. Warranty data, i.e. product failures, failure costs, and so on. Thus, your company's attention is always drawn to the failing parts. So one does not notice the parts and components and products that do not cause you problems and loss of revenue. But you do have good performers.
You are aware which designs and products do not cost you money. Thus, use concepts from these ‘good designs' should in your new products. All because over the years in the field, they have proven to be reliable and low cost. So, avoid new unproven concepts wherever you can.
If you cannot, and you must use a new concept, be sure to design an experiment to test the new concept. That aligns with the FMEA and the DVP. If one cannot draw up an experiment or test that you cannot perform, change the design.
Over the last 25 years, we have found that companies design products without looking forward. Design new concepts without addressing how they are going to test them. And what equipment they would need when tested.
For example, to confirm that a concept works, you want an error of 10% greatest. Yet, the testing facility that you have available, is not that accurate. Hence, you now have designed something with high risk, as you are unable to verify it. Which could cost you the project.
So, by improving engineering and processes, you can minimise risk. And you can use past designs and systems that have proven reliable.
During the excavation of the Channel Tunnel, surveyors monitored the direction of excavation. By referencing points on land, and not by where they were going.
So they tunnelled in the set direction by aligning points on land. The surveyors knew from where they came, thus they knew where they were going.
Your company can follow the same approach. Look at what products and concepts were/are reliable, that generated revenue and those that didn’t.
Select the best performing product And re-use those concepts.