Value Analysis and Value Engineering

evaluate epitome and cheer technology observe muster in Introduction abide by Analysis is a apostrophize drop-off technique. It aims at cost reduction from the point of view of value. It aims at increasing value of the progeny & reducing cost. It aims at reducing cost by maintaining quality & reliability. It is a planned & scientific approach to cost reduction. Value Analysis & Value Engineering can be utilize interchangeably nevertheless there is slight battle in its application. Value Analysis can be enforce to any kind of cost but Value Engineering can be apply to direct cost altogether. Value Engineering is use in design & ripening stage but VA is applied to products that are already in the market. Relation of value with contribution & cost Value= Function bell The hail: Although the term Value is used very commonly as a synonym to Cost or Price, but in the context of VAVE it is an entirely icy word. To highlight the difference between the three terms, we must fail the total system. For the purpose of this chapter our system would comprise only monster elements viz. the Manufacturer at one end and the drug user at the other end.

In this system, the manufacturer produces a sloshed item by consuming some material, use of machinery and labor, ascendant and by carrying sure overheads as a necessary (subject to question) bankrupt away of the set up. For all these items we give a generic pick up viz. The INPUTS. For the inputs are available only against a earnings made or promise to pay, it becomes a commitment of the manufacturer, which kind of or later he has to pay. As this amount has got no relevance whether the product is sold or not, it is in! dependent of the market, and this dust a fact. This part would form (and is called) the woo of the product or service. The Price: Once the item has been produced, the manufacturer adds a certain amount of profits (in some cases until now at a loss) and puts the items in market for sale. This amount which he expects in return for the...If you want to get a proficient essay, order it on our website: OrderEssay.net

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