DRIVE- WINTER 2013
PROGRAM- MBADS/ MBAFLEX/ MBAHCSN3/ MBAN2/ PGDBAN2
SUBJECT CODE & NAME-MB 0044 - CREATION AND PROCEDURE MANAGEMENT
Q1. What is worth engineering? List the main benefits associated with value architectural? A Classification and description of Value Anatomist (VE) Definition-1
In which is it used? -1
Why is it used? -2
How would it be helps the organisation? -2
Listing of the main benefits (any four): -2
Overall price consciousness
Traditions of altering savings across organizations
Improvement of government
Development of reliable suppliers
Value Engineering (VE) or benefit analysis
It is a methodology by which we all try to reduce the cost and improve the revenue of a item or surgery. This methodology is trusted in business reengineering, government jobs, automakers, vehicles and division, industrial tools, construction, building and engineering processes, medical care and environmental engineering, and many others.
Allow us to consider a part which needs a round brass rod since raw material of diameter 21. 5mm. The aspect has to conduct seven businesses: cutting, drilling, chamfering, boring, milling, plating, and polishing. Value research considers almost all aspects of these and investigates whether any of them can be substituted by an additional material, a different sort of size, another type of tool, a unique machine, another type of cut series, a different device for surgery, a different chemical substance, a different concentration, a different ac electricity, shorter period or processing. For the above mentioned example, research can be executed to confirm whether any kind of operation could be eliminated. Simplification of operations reduces the expense of manufacturing. Every piece of materials and the procedure should add value to the product to be able to render the very best performance. Therefore, there is the opportunity at every level of the manufacturing and delivery process to get the alternatives that will increase the functionality or decrease the cost when it comes to material, procedure, and period. It also includes analyzing the methods used plus the tools and equipments involved.
Where it can be used
This methodology is widely used in corporate reengineering, govt projects, automakers, transportation and distribution, professional equipment, building, assembling and machining processes, health care and environmental architectural, and many others. As a result, there is a possibility at every level of the making and delivery process to get the alternatives that will increase the operation or reduce the cost in terms of material, process, and period. It also contains analyzing the methods used plus the tools and equipments involved.
Why it is used
Value engineering or value evaluation is a technique by which we try to find alternatives for a item or a surgical procedure. It finds alternatives to get increasing the functionality or lowering the cost with regards to material, process, and period by simplification, variety reduction, and parts reduction. It must be remembered we are not in search of a cost decrease sacrificing quality. It has been found that there will be an improvement in quality once systematic worth analysis concepts are employed.
How it helps the organisation
Value engineering in a organizations helps you to identify:
The problem or condition that needs to be changed/improved
All that great about the current situation
The improvements required in the situation
The functions to get performed
Many ways of performing every single function
An effective way00 among the selected functions
The steps to be adopted to apply the function
The person who have executes the function
It ought to be remembered that we are not in search of a cost lowering sacrificing quality. It has been discovered that there will be an improvement in quality when systematic benefit analysis guidelines are employed.
The main benefits associated with the application of EMPIEZA are:
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