Reducing cost of Bayonet rings NG100 with combination of Bayonet rings NG50

Step1: Product Selection

Article Number: 00 18 300905 and 00 14 300015 Product Description: Bayonet Ring NG100 and Bayonet Ring NG50

Step 2: Product InformationSr.No. Parameters 00 18 300905 (Bayonet

Ring NG100)00 14 300015 (Bayonet Ring NG50)

1 Material SS304 SS304

2 Diameter of Blank 136mm 80mm

3 Scrap Blank Diameter 88mm 45mm

4 Thickness of Plate 0.8mm 0.7mm

5 Material Weight 65 gram 15 gram

6 Manufacturing Process Stamping Stamping

7 Annual Volume 50000 pc 15000 pc

8 Component Cost 0.46€ per pc 0.36€ per pc

Step 3 : Functional Analysis

Name Function (Verb)

Function (Noun)

00 18 300905 (Bayonet Ring NG100) Provide Cover

Prevent Corrosion

Improve Appearance

00 14 300015 (Bayonet Ring NG50) Provide Cover

Prevent Corrosion

Improve Appearance

Step 4 : Develop Alternate Solution/Method

• Make similar Material grade and thickness for both the rings.

Pair wise Comparison

Functions: A – FunctionB – CostC – Appearance

Score:

B C Weight

A B2 A1 1

B B3 5

C 0

Key Points: 1 – Light Difference2 – Medium Difference3 – High Difference

Step 5 : Evaluationi) Make similar Material grade and thickness for both the rings.ii) Use existing material as remain.

A B C Total Score

Weight 1 5 0

Solution

(i) 1 /1 3/15 2/0 16

(ii) 1/1 1/5 2/0 6

Decision Matrix

From the above table we see that the solution (i) has the highest score.

Step 6 : Cost Evaluation

Situation 00 18 300905 (Component Cost)

00 14 300015 (Component Cost)

Existing 0.46€ 0.36€

After Analysis 0.40€ 0.08€

Step 7: Result

Sr.No. Parameters 00 18 300905 (Bayonet Ring NG100)

00 14 300015 (Bayonet Ring NG50)

1 Cost Before Analysis 0.46€ 0.36€

2 Cost After Analysis 0.40€ 0.08€

3 Saving per Component 0.06€ 0.28€

4 %age Saving 13.04% 77.77%

5 Annual Demand 50000 pc 15000 pc

6 Total annual saving 3000€ 4200€

7 Value Improvement 58.33%