Program Overview
This program is a hands-on, industry-focused course designed to empower R&D and technical professionals in automotives, farm machinery, construction, and manufacturing sectors to enhance product value by reducing costs without compromising quality. Delivered by an industry expert, the program combines advanced concepts, real-world case studies, simulations, and problem-solving exercises to equip participants with actionable strategies. With a focus on practical applications and cross-functional collaboration, this course enables participants to tackle complex challenges, optimize product functionality, and drive innovation in competitive markets.
Target audiences
- Product Development and R&D Teams
- Manufacturing and Engineering Teams
- Cost Management Professionals
- Senior Leadership
Curriculum
- 4 Sections
- 23 Lessons
- 3 Days
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- Mastering the Principles of VA/VE6
- 1.1Core Concepts of VA/VE: Definitions, objectives, and scope.
- 1.2Functional Analysis: Evaluating a product’s functions and aligning with customer expectations.
- 1.3Understanding Costs: Dissecting the cost-function relationship across the product lifecycle.
- 1.4Four Types of Value: Functional, Cost, Esteem, and Exchange value.
- 1.5Expert-led walkthroughs of case examples in the R&D lifecycle.
- 1.6Team Work: Identifying value types in industry-specific products.
- Applied VA/VE - From Theory to Action6
- 2.1Simulation Activity: Break down a product’s components and functions and identify value gaps and prioritize opportunities for cost savings.
- 2.2Problem-Solving: Handling constraints like budget, time, and materials in redesign efforts.
- 2.3Cost-Benefit Analysis: Quantifying the value of changes for stakeholder buy-in.
- 2.4Interactive Simulations: Product Analysis: Teams work on provided machinery components to determine unnecessary costs.
- 2.5Interactive Simulations: Functional Alignment: Optimizing for core functionalities under resource constraints.
- 2.6Case Application: Analyze scenarios based on actual industry challenges in agriculture and construction machinery sectors.
- Insights from Real-Life VA/VE Implementations6
- 3.1Case Study: Cost-saving initiatives and innovative designs from industry leaders like Escorts Kubota.
- 3.2Case Study: Lessons from over-engineering failures and managing customer expectations effectively.
- 3.3Managing quality-innovation trade-offs in competitive markets.
- 3.4Avoiding common pitfalls in VA/VE projects.
- 3.5Group Discussions: Participants share real-life challenges from their roles, with expert moderation.
- 3.6Problem-Solving Exercise: Teams propose VA/VE-based solutions to hypothetical yet practical problems.
- Strategic Roadmap for VA/VE Implementation5
- 4.1Integrating VA/VE into Product Development Pipelines.
- 4.2Tools and Techniques for Continuous Improvement.
- 4.3Cross-functional Collaboration for Successful Outcomes.
- 4.4Team Presentations: Propose VA/VE strategies for provided product/process cases.
- 4.5Expert Feedback: Personalized suggestions to refine the approaches.
Instructor
