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Value Engineering Workshop
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Satyam, with ARC Advisory Group as Knowledge Partner, is organizing a two day workshop on Value Engineering. This Workshop offers in-depth learning opportunities by recognized experts.
provides a forum to discuss and promote the application of Value Engineering principles in reducing cost, improving functionality & product quality. The session would cover concepts, best practices and case studies from Satyam’s experience in working with global customers & developing cost effective global products. The workshop would be application oriented & hence the participants would be able to apply the learning in their organization during the design phase or after the product has entered production.
Value engineering experts from IES along with guest faculty from leading global industries would be taking up sessions during the workshop.
Product Manufacturing Companies spend their maximum efforts on creating new products, which have improved performance, are safer and more environment friendly with enhanced features. While the majority of efforts are spent on New Product Introductions, the existing product loses its value over a period of time. For example, an existing product which was launched a year back loses 5 % value due to Price erosion (created by the competition), 5-7 % due to Material Inflation and 3-4 % due to Labor wage inflation. This means net margin contraction to the extent of 15 %. The only way to compensate this is to setup a value engineering process that looks at the products continuously for its value to customers and create opportunities to reduce cost keeping the similar performance /functionality.
Value engineering began at GE during World War II. Because of the war there were shortages of skilled labor, raw materials, and component parts. GE looked for acceptable substitutes. They noticed that these substitutions often reduced costs, improved the product, or both. What started out as an accident of necessity was turned into a systematic process.
- Design Engineers
- Project Leaders, Program Managers
- Account Managers
The overall objective of this workshop is to familiarize the participants with Value Engineering (VE) approach to reduce cost, improve quality and functionality of the products. At the end of the session the participant would be able to
1. Understand the value concept and reasons for unnecessary cost
2. Apply VE techniques independently
3. Develop ideas and concepts into detailed proposals complete with business case data and implementation action plans
- 400+ Engineers working on Value Engineering in Consumer products, Aerospace, Automobile, Semiconductor Equipments, Farm & Construction industry
- $110 million saved for the customer
- Helped in launching 90+ new products
- 100+ IP disclosures with 25 granted patents & 50 filed
- Conducted 6 Sourcing events in India & China
- Done 100+ benchmarking product studies
- Quality Improvement Projects
Satyam Integrated Engineering Solutions (IES) is the premium engineering solution provider, with a team of 4200+ engineers serves across the globe in the areas of Product Engineering, Manufacturing Engineering, Embedded Engineering, Product Lifecycle Management and Geospatial Information Systems. IES’ customer base ranges from automotive and aerospace industries to construction/industrial machinery, telecom, semi-conductors and consumer products. Our customers are among the top 3 in their respective domains in terms of market share.
For more information, please visit: http://www.satyam.com/services/engineering_solutions/index.asp
Satyam (NYSE: SAY) is a leading global business and information technology company that delivers consulting, systems integration, and outsourcing solutions to clients in over 20 industries. Leveraging deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance.
Nearly 49,200* professionals who excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities.
Satyam has strategic alliances with 96* best-of-breed technology companies, and operate through 27*state-of-the-art development centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia. Satyam Serves 630* global companies, of which 181* are Fortune Global 500 and Fortune US 500 corporations. Satyam network spans 61* countries, across six continents.
* As of December 31, 2007
For more information, please visit: www.satyam.com
ARC Advisory Group, headquartered in Boston, is the leading international Management Consulting, Analyst, and Market Research firm focusing on manufacturing industry. ARC provides strategic planning and technology assessment services to major manufacturing and logistics companies worldwide.
For more information, please visit: http://www.arcweb.com/default.aspx
For more details about the workshop,
rfi@satyam.com
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