Cost Reduction of a Product through Value Analysis and Value Engineering
Source:
Quality Engineering and Software Technologies, Inc.
Document Type:
White Paper
Value analysis and value engineering (VAVE) is a systematic process for analyzing the functions of a project, product, process, system, design, or service in order to achieve essential functions at the lowest life cycle cost. VAVE methods are very important and useful in driving down product costs, which helps companies retain market share and sustain their profitability. Learn how.