Latest / The Buyer's Side with Fexingo: Procurement, Sourcing, and B2B Purchasing Decisions
How One Buyer Used Value Engineering to Cut Component Costs 17 Percent
In episode 140 of The Buyer's Side, Lucas and Luna explore value engineering—a procurement strategy that focuses on redesigning products to lower costs without sacrificing quality. Lucas shares a case study from a mid-tier automotive parts supplier where a buyer collaborated with an existing supplier to modify a braking component, slashing costs by 17 percent. They discuss the specific material substitutions and tolerance relaxations that drove the savings, the importance of supplier trust in sharing design data, and the risks of pushing value engineering too far. The episode also covers…
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