Manufacturing companies need to embrace continuous innovation in the age of shrinking product lifecycles and inevitable cost effectiveness. This entails rising costs and it becomes essential to adopt a methodology to optimize R&D spending. Additionally, with emerging markets being targeted, delivering localized products is an imperative.

HCLTech’s Value Analysis/ Value Engineering (VAVE) is a service that identifies areas of high costs and helps to eliminate them. The heart of the service is the VAVE framework with creative problem-solving that promotes the development of value-added cost-effective solutions by interdisciplinary teams. The ingrained approaches foster comparable functionality at a lower cost, thereby improving product profitability and increasing margins. Apart from costs, VAVE differentiators reduce time-to-market, through the consulting platform for Value Engineering, and expedite technology adoption. HCLTech also runs centers of excellence for VAVE, product teardown & benchmarking and Cost Engineering. These centers of excellence are backed up by Certified Value Engineers & Cost Engineers, state-of-the-art, in-house Teardown & Benchmarking Lab facilities and leverage of expertise from leading organizations, such as SAVE International, INVEST and ARAI.