Journal of Product Design, Quality Engineering & Technology

Authors: Dr. Chainesh Shah, Mitali Dalwadi, Patel Mansi M

Abstract: Value engineering, in all of its stages, is a fundamental idea utilized in industry to boost corporate productivity and reduce extraneous procedures in order to maximize profit while lowering product costs. In the recent decade, the industrial sector has become increasingly competitive, requiring manufacturing enterprises to enhance their product lines and product design on a regular basis. Because the demand for goods has increased, the idea of lowering the entire manufacturing cost of items while also lowering the amount of wastage such as part scrap, quality issues, and other product rejection is a must. The international market creates competition, and the market-driven organization gives the highest value to the consumer. Standardization of products is critical for international trade in goods and services around the world.

Keywords: Different phases, Cost reduction, Value engineering, Value analysis, VE job plan, Value engineering, Value analysis, VE job plan, Value engineering, Value engineering, Value engineering, Value engineering