Streamlining Function & Value:
How to Reduce Cost & Deliver Exceptional Value
Methodology
The methodology used in Streamlining Function & Value: How to Reduce cost & Deliver Exceptional Value, is Value Analysis/ Value Engineering. Value Analysis and Value Engineering bring on to understand and become aware of functional elements and their relevant prices.
Value Analysis and Value Engineering is simply value examination of a product. It is a strategy to maximize the value of a product or service.
It brings one to understand and become aware of functional elements and their relevant prices.
Since producers want a balance of their commodity and its cost, VA/VE is that methodology that helps to achieve that balance. VA/VE allows you to check if you have to increase functionality to match the cost or reduce cost. It is a strategic plan to balance value and cost. VA/VE is the systematic pattern of improving the values of products and commodities using practical analysis.
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Value Management
The advantages organizations gain using Value Management significantly exceed the investment while improving productivity that aids in business performance. The VM follows a process that includes a Pre-Study, Job Study, and Post Implementation. The process begins with the compilation of appropriate details to properly understand the project and to evaluate and describe the project’s necessary functions. Then one creates ideas about all various alternatives to execute the necessary functions.
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Streamlining Function & Value
How to Reduce Cost and Deliver Exceptional Value
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