Value engineering at the enterprise level is a comprehensive and robust discipline for driving cost reduction in product development, and PwC can help you make the most of this often-hidden opportunity.
Low-cost country sourcing, distributed Research & Development (R&D), and other innovations have greatly improved the efficiency of product development. But, as pressures from global competition intensify, companies are increasingly optimizing for speed—with cost as a secondary consideration. Value engineering has dropped out of the toolbox of many development teams, whether for electronics, consumer, or medical devices. The end result is a product that performs well but with costs not in line for production.