+20%
Cost reduction validated across three pilot projects
Medical Device Manufacturer Streamlines Product Development with Value Engineering: Simplifying Global Product Portfolio While Protecting Margins
Industry: Life Sciences
Service: Cost and Value Engineering
Service: R&d and Product Profitability
Our Client
A medical device manufacturer focused on non-invasive solutions for osteoarthritis and injuries, managing a complex global product portfolio.
The Challenge
The company faced increasing portfolio complexity and cost pressures in a competitive, regulated market.
- High product complexity: Overlapping features across acquired and legacy portfolios.
- Cost pressures: Margin protection required in price-sensitive markets.
- Limited standardization: Components and subsystems varied across products.
- Need for structured approach: Ensuring quality, compliance, and sustainability while simplifying the portfolio.
Real Results Achieved Together
The 360° Value Engineering program delivered measurable cost reductions, portfolio simplification, and a sustainable methodology for future product development.
+1K
Ideas generated per project using VE methodologies
+25%
SKU rationalization, significantly simplifying the portfolio
+300
Proposals developed per product portfolio
Transformation Impact
- Simplified product portfolio with reduced complexity and overlapping features
- Products redesigned to align with quality, environmental impact, and customer needs
- Embedded Value Engineering methodology across engineering, procurement, and project teams
- Strengthened capability to maintain margins while innovating in regulated markets
- More than 300 proposals developed per product portfolio and more than a 100 were selected for short- and mid-term implementation
Our Approach
EFESO implemented a structured 360° Value Engineering methodology in three phases:
Pilot Projects & Initial Deployment
- Selected two pilot projects, later expanded to a third.
- Led cross-functional teams through structured re-engineering of product families.
Holistic 360° Value Engineering Approach
- Applied six VE methodologies: Voice of the Customer, DFM/DFA, Supply Chain Optimization, Function Analysis, Performance Teardown, and Benchmarking.
- Introduced a Design Overlap step to streamline offerings and reduce SKUs.
Training & Long-Term Adoption
- Trained 10 cross-functional employees in VE methodology.
- Expanded VE deployment to additional projects with EFESO guiding newly trained teams.
Related Services
Cost and Value Engineering
Rising costs demand optimization from design through production. We apply cross-functional value engineering, zero-based redesign, and continuous cost tracking to protect margins.
R&D and Product Profitability
Markets demand profitable innovation faster than ever. We optimize the entire product lifecycle through design-to-cost, rapid prototyping, and portfolio profitability management.
Facing Similar Product Complexity Challenges?
- Managing a global portfolio with overlapping features and high SKU complexity.
- Seeking cost reduction without compromising quality or regulatory compliance.
- Looking to embed structured Value Engineering practices for sustainable product development.
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