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  • 07 Value Analysis

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    Arju Lalwani
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    Value analysis and value engineering are techniques used to improve value by increasing function while reducing cost. Value is defined as function divided by cost, so these techniques analyze products and designs to find ways to either enhance functionality for the same cost or deliver the same functionality at a lower cost. This improves growth, profitability, and customer satisfaction. Value analysis is applied to existing products and may require changes to manufacturing or operations, while value engineering is applied during the design stage to make changes more easily.

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    VALUE ANALYSIS

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    07 Value Analysis(1)

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    Value analysis and value engineering are techniques used to improve value by increasing function while reducing cost. Value is defined as function divided by cost, so these techniques analyze products and designs to find ways to either enhance functionality for the same cost or deliver the same functionality at a lower cost. This improves growth, profitability, and customer satisfaction. Value analysis is applied to existing products and may require changes to manufacturing or operations, while value engineering is applied during the design stage to make changes more easily.

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    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
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    3 views2 pages

    07 Value Analysis

    Uploaded by

    Arju Lalwani
    Value analysis and value engineering are techniques used to improve value by increasing function while reducing cost. Value is defined as function divided by cost, so these techniques analyze products and designs to find ways to either enhance functionality for the same cost or deliver the same functionality at a lower cost. This improves growth, profitability, and customer satisfaction. Value analysis is applied to existing products and may require changes to manufacturing or operations, while value engineering is applied during the design stage to make changes more easily.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Value Analysis, Value Engineering

    Concept of Value
    Value = function/cost
    How do we improve value???
    Why Value improvement?
    For growth
    For profitability
    To delight customers
    1
    Value Analysis Value/ Engineering
    Product is in Design stage
    manufacturing Done by product
    Includes workers, design team
    subcontractors and
    engineers Changes at initial
    May change the stage only
    present product or Needs special
    operation technical knowledge
    Knowledge and
    experience is
    important

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