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Training on Value Analysis and Value Engineering (VA/ VE)

Value Analysis and Value Engineering (VA/ VE) is a systematic approach to reduce manufacturing cost without and …

Value Analysis and Value Engineering (VA/ VE) is a systematic approach to reduce manufacturing cost without sacrificing the functions. VA/ VE evaluates products and supply chain from a unique perspective allowing for cost reduction, improved quality and meaningful supplier relationships. Implementation of VA/ VE methodology in a production area can reduce piece cost and total cost (i.e. the manufacturing costs), improve to help the operational performance and product quality, improve customer-supplier relations and reduction in product variations.This interactive session will help the participants to understand the relevance of these techniques for their organizations and contribute towards improving bottom line business performance by focusing on practical issues in the workplace/ shop floor. The sessions are structured to provide more inputs on the concepts and practices of VA/ VE through classroom lectures and group exercises. The program aims to enable participants to apply learning more effectively.

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17,700.00 INR

excl. VAT 15,000.00 INR

Overview

  1. Product number: IN-04

  2. Duration (in days): 2

  3. Format: Virtual Classroom

  4. Degree: Certificate of Attendance

  5. Language: English

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Benefits

Value Engineering is an opportunity which focuses more on improving the functionality as per the customer’s requirements in a product/ service and less on unwanted functionality reducing the cost and adding value to the product.

The participants will be able to identify the customer requirements; convert the customer requirements to the functionality of the product; prioritize the functionality important for the customer; improve the worth of the product and eliminate the unwanted functionality thus reducing the overall cost.

Target group

Managers, Engineers and middle management personnel involved in the functions of Production, Quality Assurance, Inspection & Testing, Design & Development and other related functions from Machine Tool, Automobile & Auto Ancillaries, Tool Rooms, Aerospace, Defense and Railway establishments, General Engineering and other Capital goods manufacturing industries. Organizations, whose Margins are under pressure, will find the course beneficial.

Course topics

Day 1

  • Gathering Participants' needs for VA/ VE Training

  • Origin & Evolution – VA/ VE

  • Indian & Other VA/ VE Movements

  • Globalization Impact: Intense Cost Pressures while upward Push for Quality & Reliability persists

  • VA/ VE Examples - Common Life & Engineering

  • VA/ VE vs Unscientific Approaches (Mindless Cost Cutting) - Global & Indian Leaders VA/ VE

  • Definitions – Function, Cost, Worth, Value

  • Types of Values

  • Mathematical Model - Value

  • What is ‘Function’

  • Functional Approach makes VE more advanced than other approaches

  • Types of Functions

  • Levels of Functions

  • Methods of finding ‘Function’ - Example

  • Use Function vs Sell Function

 

Day 2 

  •  Feature Function Matrix

  • Function Details - Example

  • Work Functions - Verb-n-Noun Examples

  • Objective Questions - To Test understanding of Function

  • Cost - Examples

  • Cost vs Price

  • Cost Elements

  • Fixed vs Variable Costs - Economies of Scale

  • Engineering Cost Estimation - Example Function Cost Analysis (FCA)

  • Worth & Worth Evaluation

  • FCWA - Function Cost Worth Analysis

  • FAST - Function Analysis System Technique (with example/s) (Tech-Oriented)

  • Memory-jogging

  • Summary

  • Written Test

  • Wrap-Up

Degree

Certificate of Attendance

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