Design for manufacturing and value engineering are a systematic and structured approach for improving products and manufacturing processes. They help achieve an optimum balance between function, performance, quality, safety, and cost. The proper balance results in the maximum value for customers at the lowest possible cost.
A simple rule of thumb is that product cost of goods sold should be reduced at least 10% year-over-year until the product is retired. Accel works with clients to execute product "tear-downs" or reverse engineering, typically completing this task side-by-side with competitor products. The result is invaluable information regarding component use and cost, design layout, and manufacturing processes. With this information, clients can implement a targeted plan to reduce product cost of goods sold.