Value engineering is a systematic process which wants to achieve the best and efficient quality for the customers without making sacrifices in the customer demands and needs. That is a complete chain process which is based on cost reduction techniques.
The Production process is based on many activities in which we use the resources to make or manufacture a product that all process links with different costs. The aim of the value engineering process is that to make the assessment of the whole manufacturing process and to eliminate all the unimportant costs and reduce the product price without negotiating over its quality.
That value engineering is also a part of the strategic planning process in which we make our efforts to improve the values chain process and to achieve the best supply chain channels and to eliminate the defects form products and making innovation and improvement possible at a very low cost to achieve the value engineering tasks for customers. The Critical success factors focus on all the activities which explain in the above lines. The costs assessment is very important some costs are directly involved with our production and some are indirectly involved with our production process.
In short words, the Value engineering process helps the business to make a critical assessment of all the incurred costs over the production process and to eliminate the unnecessary costs without negotiating over customer demands and needs and product quality. So finally that’s the value engineering.
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