Benchmarking Overview

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.

Benchmarking Competencies

Technical Benchmarking
Competitive Benchmarking
Strategic Benchmarking
Process Benchmarking
Functional Benchmarking
Internal Benchmarking
External Benchmarking

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.

Overview to Value Engineering

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

Value Engineering Competencies

Project Value Analysis
Life Cycle Cost Analysis
Functional Analysis
Integrated Value-Improvement Methodologies
Change Management
Product Weight Reduction
Detailed Checklist Driven Process
Use of suitable Scientific Techniques
Modular Design Approach
Supplier Integration, Localization, Low-Cost Sourcing

Implementing VE Project

Why Companies go for Value Engineering

  • Cost overruns may be Reduced
  • Meeting Project Value Objectives
  • Increase Bottom-line Profits
  • Reduce Risks and Resolve Issues
  • Improved Return on Investments
  • Improving Value

Why Choose Us?

  • Highly Qualified Team
  • Fast Turnaround Times
  • Proven Results
  • Satisfied Clients
  • Realize Cost Savings

News & Updates

The "News & Updates" section features the latest developments and innovations in our services and solutions, including engineering services, product compliance, environmental regulations, Obsolescence Management, and regulatory & product safety.

Nassocom
Benchmarking and Value Enginee 29 Aug 2024

iLenSys Technologies is excited to be part of the NASSCOM Design & Engineering Summit 2024!

Achema 2024 Event
iLenSys Regulatory Master 07 Aug 2024

The ACHEMA, Modern, interactive and always up to date: With a unique range of topics, exciting innovations and new event formats, the world's leading trade show for the process industries brings together experts, decision makers and trendsetters from all over the world.

iEEE Event
iLenSys Compliance Manager 21 Aug 2024

2024 IEEE International Symposium on Product Compliance Engineering is an annual gathering of industry leaders, professionals, and experts in product safety and regulatory compliance. It serves as a platform for networking, knowledge sharing, and collaboration, attracting a diverse audience from around the world. ISPCE 2024 offers a comprehensive agenda featuring keynote speeches, panel discussions, workshops, and interactive sessions, all focused on the latest trends, innovations, and challenges in our industry.

Resources you might be interested in

Blogs
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Component obsolescence in medical devices presents a complex challenge that intertwines technological advancement, patient safety

View Blog
Whitepapers
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Documentation is crucial for product safety and compliance (PSC) projects, providing concrete evidence

View Whitepapers
Webinars
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Join our webinar on Global Product Regulatory Trends and Updates 2024 for insights into key regulatory changes and compliance best practices. Stay informed with updates from the EU, US, China, and Singapore.

View Webinar
Videos
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Explore the pervasive presence of PFAS, their impact on our homes and environment, health risks, and the regulations in place to control them.

View Videos
Case Studies
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A leading supplier of analytical instruments in the US sought to create a 3D interactive application to showcase their products’ role in helping safety and security professionals detect explosives, radiological threats, and hazardous materials in various urban environments. This application was to be created with portability in mind, so marketing representatives could use it on iPads, Android smartphones, and laptops, ensuring its accessibility and versatility during field demonstrations and presentations.

View Case Studies

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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