What is Value Engineering & How Can AM Industrial Help with This Kind of Request

August 12, 2019

Value Engineering and how AM Industrial can help your business

Definition of Value Engineering:

Value engineering is a systematic method to improve the "value" of goods or products and services by using an examination of function. Value, as defined, is the ratio of function to cost. Value can therefore be manipulated by either improving the function or reducing the cost.

How can AM Industrial help your company or your customers with a request for value engineering:

Value Engineering (VE) is used to improve the value of goods or products by using a systematic method. In this case, the value of something can be improved by reducing cost, while maintaining the functionality.

Our used and refurbished equipment can benefit a company going through a Value Engineering (VE) exercise on a project. While conducting VE, maintain outcome or end result of the project can be difficult. One way to do this is to substitute a new machine for used or refurbished machinery the costs are often decreased greatly, thus improving the value.

Here’s an example: Recently, a customer had a project requiring a dust collector and had pricing to purchase a new system. Management requested a VE exercise to reduce project cost. They found that they could get the same end result (while maintaining their outcome) was to consider a used dust collection option. Upon research, they received a quote for a refurbished system from AM Industrial. By going with the system AM Industrial offered on this project, refurbished versus new equipment contributed $200K+ in savings to their VE budget target.

This is just one example of the value of the machines available at AM Industrial. Used and reconditioned systems save your company money that is difficult to save any other way. Read more testimonials or contact AM Industrial to request a quote and learn how we can help your company benefit from Value Engineering today.

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