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reengineer

or re-en·gi·neer

[ree-en-juh-neer]
verb (used with object)
  1. to engineer anew: to reengineer a motor to make it more efficient.
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Origin of reengineer

First recorded in 1940–45; re- + engineer
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
British Dictionary definitions for re-engineering

re-engineering

noun
    1. the restructuring of a company or part of its operations, esp by utilizing information technology
    2. (as modifier)a massive re-engineering programme
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012