Value Analysis & Value Engineering

Value Analysis & Engineering

Introduction

Value Analysis (VA) is concerned with existing products.

It involves a current product being analysed and evaluated by a team, to reduce costs, improve product function or both.

Value Analysis exercises use a plan which step-by-step, methodically evaluates the product in a range of areas.

These include costs, function, alternative components and design aspects such as ease of manufacture and assembly.

In contrast with VA, Value Engineering (VE) is concerned with new products. It is applied during product development.

The focus is on reducing costs, improving function or both, by way of teamwork-based product evaluation and analysis.

This takes place before any capital is invested in tooling, plant or equipment.

• What is Value Analysis (VA) and its uses
• What is Value Engineering (VE)?
• Difference between VA and VE
• Examples of Value Analysis (VA)
• What is value?
• Performance and Value
• What is Function and verb-noun concept of function
• Classification of function
• Unnecessary costs
• Organisation of Value Analysis (VA) team
• Techniques of Value Analysis (VA)
• Value Analysis (VA) Job Plan
• Check list to stimulate the creative ideas
• Exercises on Value Analysis (VA)
• Basic methodology of VA and its practical approach for implementation

Those working in Production, Purchase, Quality, R & D and other departments should have clear understanding of Value Analysis & Value Engineering.

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