Cost and value engineering is a useful process that helps business eliminate costs while increasing the overall value of products, by improving function and quality.
The best cost and value engineers will look beyond traditional procurement levers to tackle cost challenges and will help businesses to view their cost and value engineering in a new light to ensure maximum value.
Our consultants combine a deep knowledge of cost and value engineering with our proprietary digital platform which allows them to accurately model different scenarios and carry out deep cost analysis. They will work alongside you to examine your current costs, and help you to identify opportunities for measurable improvement, looking specifically at:
At Vendigital, we deliver data-led accelerated cost transformation. We achieve this by combining multidisciplinary consulting expertise and our proprietary digital platform – through our Insights360 methodology – to achieve measurable and sustainable cost outcomes for clients.
Contact us and speak to an expert about how we can support you with cost and value engineering or read more about how we work with businesses to implement transformation.
If you’re bringing someone in to help transform your business, you’re looking to benefit from their expertise and experience – whether it’s a cost engineer, value engineer or any other type of support.
You also want to work with someone who brings new ideas and innovative solutions, and who can make a tangible improvement to the way your business operates.
At Vendigital we combine consulting expertise and our bespoke digital platform to drive measurable and sustainable cost benefits, through a simple four step system:
Our operational and data experts consolidate and transform cost, activity and revenue data from clients’ multiple systems, and apply advanced analytics and agile data modelling.
Overlay our operational and industry expertise to identify both quick win and long-term cost saving opportunities.
Achieve quantifiable and guaranteed operational cost benefits, working in partnership with clients to manage change at pace.
Upskill in-house teams and embed cost analytics technology within clients to ensure ongoing benefits can be realised.
Following this plan, we are able to help our clients to identify areas of strength and weakness with strategic cost and value engineering, and make appropriate changes that deliver sustainable cost reduction and measurable benefits.
Working with Vendigital’s cost and value engineering consultants allows you to:
We will explore how businesses can more effectively navigate an evolving market landscape by critically evaluating their existing packaging strategies
and exploring innovative alternatives.
We discuss how should food and drink businesses prepare to scale and when should they move from planning to implementation.
In our latest report we examine the impact of power electronics and the importance of inverters in EV manufacturing.
