Benchmarking Process
Product Benchmarking is the process of comparing whole product or service process to others based on specific parameters. It lets you know how your product matches the competition in its target market.
iLenSys has extensive competencies in Competitive Benchmarking Projects which helps to analyze products available in the market using a specific set of Metrics, and share necessary insights with our clients to help them understand competitive product-market mix strategies and bring up a successful product launch in the market.
Product Benchmarking is the process of comparing whole product or service process to others based on specific parameters. It lets you know how your product matches the competition in its target market.
iLenSys has rich experience in VA projects, we work on performing Value Analysis (VA) for existing products. We study current products, analyze and evaluate means to achieve costs reduction, improve product function or both.
Value Analysis use a step-by-step approach which evaluates the product in a range of areas. These include costs, function, alternative components and design aspects such as ease of manufacture and assembly.
A significant part of VA is a technique called Functional Analysis, is where the product is broken down and reviewed as a number of assemblies involved or parts to assembly and disassembly sequence studied.
Here, the function is identified and defined for each product assembly, Costs are also assigned to each one and this is assisted by designing and viewing products as assemblies
Should-cost analysis is an ideal tool for making profitable negotiations with Supplier. Help in understanding the supplier quotient and their strengths, Identifying the key cost drivers of the product and helps in “make or buy” decisions, helps New product development team to evaluate the product cost in the early stage of development, analyze viable alternate material or process to study the cost behavior and make necessary tradeoff.
The "News & Updates" section features the latest developments and innovations across our services and solutions, including Engineering Services, Product Lifecycle & Compliance (Product Environmental Compliance, Product Sustainability, Regulatory Intelligence & Certification, Obsolescence Management), and Integrated Capabilities.
Product benchmarking is a valuable tool in value analysis and value engineering (VE) that involves
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The global leader in CO2 products and services aimed to promote their hydrogen infrastructure by
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iLenSys Technologies Pvt. Ltd.
8-2-293/82/L/231/ABC,
MLA Colony, Road No: 12, Banjara Hills,
Hyderabad, Telangana 500 034
Phone: 040 – 66998246, 040 – 66998234
Email: info@ilensys.com
