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Product
Development
Summary
It is one of the prime philosophies of BEL Valves to achieve a closer
collaboration between our customers, the engineering contractors and our
suppliers. We believe that by being proactive and by listening to the market
and additionally by staying in close contact with up and coming oilfield
developments, that we can ultimately become more responsive to customer
needs. Furthermore this benefits both our customers and ourselves in the
development of new and current products, which satisfy those needs.
Project Specific Improvement
Our philosophy is that Product Improvements need to be continually sought,
in order to improve/maintain profitability and market share. On a project
basis we hold design review meetings early on in the life of each project
to brainstorm ideas for improvements, aid manufacturability, and ensure
compliance with functional specifications.
We review actual costs and times of manufacture of all jobs as they ship
as a matter of course in an effort to gather data and identify potential
areas for future improvement. Furthermore we also discuss ideas for improvement
at our Team Leader and Management meetings.
In addition, we increasingly involve our suppliers with the details of our
business; from recommending raw material shapes, to setting up consignment
stocks against our forecast of needs, or any idea that they might bring
that would help us.
Continuous Product Development
Underlying these Project Specific Improvements, BEL Valves have a
continuous programme of Product Development to meet the needs of an ever
growing market. We believe in working in close collaboration with our customers
to achieve products which are an extension of our existing product portfolio,
suit a particular market need, or develop a new market niche.
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