Function: Value engineering

The objective of this function is to evaluate products, processes, and assets. Alternative materials, routings, working conditions, tools, and other cost-reducing issues are evaluated and calculated.

Process: Value engineering (code: MEN04a)

Value engineering involves eliminating, combining, rearranging, and simplifying the following issues:

  • Operations
  • Design
  • Inspection requirements
  • Materials handling and comparison
  • Process analysis and improvement
  • Material
  • Workplace layout
  • Tools and equipment: better or cheaper machinery
  • Working conditions
  • Yes-no outsourcing

This process is performed during all phases of the product, namely during the following:

  • Concept development
  • Prototype design
  • Inspection
  • Materials handling
  • Process analysis
  • Test-run execution.

The major purpose of this process is cost control.

Assumptions:

IT support:

  • LN Engineering and Manufacturing