Detroit, MI, September 18, 2015 --(PR.com
)-- A global leader in the elevator and escalator industry accomplishes optimization of inventory and saving of cost by Pricol Technologies Value Analysis and Value Engineering capabilities.
With fast varying technologies and innovation ruling supreme in today’s world, companies are looking at decrease the size of their products and services but keeping a higher value proposition and lower cost to the consumer. Flexible and multipurpose solutions that hold innovation are in demand.
Their client required a change in their mechanical design that was 30 years old which was affecting the cost of production due to increasing material costs and older technology. Reduce the weight of the component and expenses were the key objectives of the client.
Pricol Technologies organized its team of experts to execute an initial analysis to understand the strength of the components and fatigue necessities. 3D CAD models were established from the current mechanical components. Their VA/VE teams wanted to redesign the components, preserve the efficient value and decrease the expense of manufacturing. The consistency and robustness of the current model was preserved while redesigning the structure.
The organized, planned approach followed by Pricol Technologies helped the client in realizing their goals.
Pricol Technologies Design Benefits
Reduce the weight of the component by nearly 70%
Cost Reduction of the component by 40%
Reduced development time of manufacturing
Improved inventory and maintenance levels
Difficulty of operations reduced significantly
About Pricol Technologies
Pricol Technologies is a technology and engineering services company and is a part of the 40 year, $350 Million Pricol Group. We are headquartered in India and have operations in the United States, Europe and Asia. Our product development service offerings include Industrial Design, Mechanical Design, Embedded Systems Design, Verification as well as Validation, Prototyping, Testing, Tooling and Product Realization (low volume, high mix contract manufacturing).