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VALUE ENGINEERING

Value engineering or value analysis is a special type of cost reduction technique. It does not blindly accept the production design; rather it critically investigates and analyses the different aspects of materials, design and production of each and every component of the product.VE is a systematic method to improve the value of goods or products and services by using an examination of function. Value analysis is a technique with immense possibilities, and systematically employed, it can achieve great economies and increased efficiency. The main objectives of value analysis are,

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