Results Of Value Engineering. This depends on a great many factors described. The aim is to increase the value of products satisfying the products performance requirements at the lowest possible cost.
The value of an item is defined. Several iterations of value engineering are required to arrive at the target cost. It is difficult to predict what exactly value analysis and value engineering result in.
Held during the initial planning stages the time spent on the workshop has little impact on the final project schedule and redesign costs.
Value Engineering Program Results in Improved AOTTM Efficacy and Efficiency. Due to the very short life spans however which is often a result of this value engineering technique planned obsolescence has become associated with product deterioration and inferior quality. A company will typically use the least expensive components that satisfy the products lifetime projections. Medical device manufacturers are constantly challenged to drive down product costs for a variety of reasonslower cost targets aligned with emerging markets competitive need to improve product margins or a desire to extend the life of legacy products experiencing parts obsolescence.