Reduced Bill of Materials for New Product Platform

Real Results, Real Impact

£400K

Cost Saving

Situation
The customer’s design teams and purchasing departments had differing objectives during the project, so a knowledgeable fastener partner was required to bring engineering and cost into confluence. Streamlining component selection to reduce costs during the Verify Fit and Function (VFF) stage of the new car, whilst simultaneously defining fastener policy, was a process similar to predicting the future.

Solution
Optimas engineers were involved from project conception, offering engineers existing fasteners that achieved engineering requirements at reduced price. Components were consolidated throughout the project which removed 136 individual components from the BoM during prototyping.

Furthermore, reducing parts and tracking component usage throughout VFF builds enabled engineers to streamline fastener selection and supply early on in the project.

Result
The customer was able to reduce obsolescence, streamline and define fastener policy while also generating an estimated £400k cost saving in the first year.