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Write an essay on how to organize value engineering function in an electronic industry?
Wiki User
∙ 12y ago
Value engineering is an approach to productivity improvement that attempts to increase the value obtained by a customer of a product by offering the same level of functionality at a lower cost.
Value engineering is sometimes used to apply to this process of cost reduction prior to manufacture, while "value analysis" applies the process to products currently being manufactured.
Both attempt to eliminate costs that do not contribute to the value and performance of the product (or service, but the approach is more common in manufacturing).
Value engineering, thus, critically examines the contribution made to product value by each feature of a design. It then looks to deliver the same contribution at lower cost.
Different types of value are recognised by the approach :
Use value relates to the attributes of a product which enable it to perform its function.
Cost value is the total cost of producing the product.
Esteem value is the additional premium price which a product can attract because of its intrinsic attractiveness to purchasers.
Exchange value is the sum of the attributes which enable the product to be exchanged or sold.
Although the relative magnitude of these different types of value will vary between products, and perhaps over the life of a product, VE attempts to identify the contribution of each feature to each type of value through systematic analysis and structured creativity enhancing techniques.
Value engineering programs are best delivered by multi-skilled teams consisting of designers, purchasing specialists, operations personnel, and financial analysts.
Pareto analysis is often used to prioritise those parts of the total design that are most worthy of attention. These are then subject to rigorous scrutiny. The team analyses the function and cost of those elements and tries to find any similar components that could do the same job at lower cost.
Common results are a reduction in the number of components, the use of cheaper materials, or a simplification of the process.
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∙ 12y ago
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How do you organize value engineering function in shoe manufacturing organization?
You can organize this the same as you would in any other manufacturing organization - you either need to improve the function or reduce the cost.
What did the committee for industrial organization set out to organize?
All skilled & unskilled workers in the automobile industry
What does industrilazition mean?
Industrialization is to organize as an industry to become industrail.
What are the advantages of technology in tourism industry?
Tourism creates jobs, and wealth for the countries involved- typically most countries tourism industry accounts for 10 % of GDP.In South Africa with a high unemployment rate tourism accounts for only 5 % , leaving an opportunity to be explored.
What are the tools of TQM?
Tools for TQMinclude:Tools for Generating Ideas:Check sheets - it is a way to organize and record data,Scatter diagrams - a graph of one variable in relation to another, to see if there is any relationship between two variables which can reflect the cause of problemsCause and effect (fish bone) diagrams: helps to identify processes/elements/causes that might affect an outcome; it shows how things are affecting the each branch items; (good for cause and effect relationships)Tools to Organize the Data:Pareto charts - a graph that identifies and plots problem/flaws in descending order of frequency; helps identify which product requires the most effort/investigation to ensure high qualityFlow charts - a chart that shows the steps in a process; a good visual representation that allows for easy followingTools for Identifying ProblemsHistogram - shows the frequency of occurrence of a variable that can guide companies to where they should put the emphasis of their business on and if they need to hireStatistical process control chart - a chart that has time on the horizontal axis to plot the value of a statistics, it allows company to put an upper and lower limit with the goal of controlling a target value
How do you organize value engineering function in shoe manufacturing organization?
You can organize this the same as you would in any other manufacturing organization - you either need to improve the function or reduce the cost.
What is electronic document?
Electronic document management are a set of computer programs used to track and store electronic documents. An electronic system can organize and store different kinds of documents.
What is Electronic Document Management?
Electronic document management are a set of computer programs used to track and store electronic documents. An electronic system can organize and store different kinds of documents.
In the late 1800s collective bargaining was a technique used to?
Organize labor unions.
Can a Function table be used to organize functions?
yes
Can you text on a 32 electronic organizer?
You cannot text from a 32 electronic organizer. They were not built with a wireless capabilities. They were used to manage and organize personal information.
What is the main function of the county?
organize cities no its not i got it wrong (14)
What was the American systems?
A plan to organize and strengthen the nation's economy New tariffs to protect american industry.
Why is it so important to have an electronic organizer?
It is important to have an electronic organizer because it will organize all the things you have to electronically so things would be more neat and you can conserve paper.
What did the committee for industrial organization set out to organize?
All skilled & unskilled workers in the automobile industry
Which application software would create an electronic filing system to organize data such as names and phone numbers?
database
What does industrilazition mean?
Industrialization is to organize as an industry to become industrail.
