Functional Modeling is a powerful tool that drives innovation and improves engineering systems. Using the System Functional Model tool in the PRIZ Innovation Platform, engineers can analyze components, identify inefficiencies, and develop innovative solutions. This article demonstrates functional modeling through an example of an IC interconnection layer, showing how it simplifies systems, cuts costs, and boosts performance. You’ll discover how this method can enhance your engineering outcomes and guide your innovation process. Some housekeeping To innovate and improve your engineering system, start by creating a Functional Model and performing a functional analysis. Functional Modeling is the most effective method for:…

This article explores the various components of production costs and the factors that lead to their escalation, such as inflation, technological advancements, and market shifts. It emphasizes the need for a problem-solving culture as one of the Effective Cost Reduction Strategies in Production. The article highlights hidden opportunities for cost reduction through process optimization and provides a simple strategy for reducing production costs by categorizing operations and improving or eliminating them accordingly. Production costs Production cost refers to the total expenses incurred in making a product or providing a service, including materials, labor, and related costs. For a more detailed…