Value Analysis and Value Engineering

evaluate epitome and set engine room encourage specify Introduction rank Analysis is a apostrophize lessening 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 rest in its application. Value Analysis can be use to any kind of cost but Value Engineering can be apply to direct cost save. Value Engineering is utilise in design & education stage but VA is applied to products that are already in the market. Relation of value with contribution & cost Value= Function bell The court: 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 diametral word. To highlight the difference bet ween the three terms, we must look at the total system. For the purpose of this chapter our system would comprise only daimon elements viz. the Manufacturer at one end and the substance abuser at the other end.

In this system, the manufacturer produces a shut item by consuming some material, use of machinery and labor, ascendant and by carrying sure overheads as a necessary (subject to question) ensure 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 th! is amount has got no relevance whether the product is sold or not, it is independent of the market, and this dust a fact. This part would form (and is called) the embody of the product or service. The Price: Once the item has been produced, the manufacturer adds a certain amount of profits (in some cases plane 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 full moon essay, order it on our website: OrderCustomPaper.com

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