2013
DOI: 10.4028/www.scientific.net/amm.315.503
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Cost Reduction Through Value Engineering Practices in Manufacturing Assembly

Abstract: Value Engineering (VE) is important tool to company in global market competition to providing a demand. VE process can provide for company continued growth and prosperity if applied properly. VE is defines as the systematic application of recognized techniques, which identify the function of product or service, establishes a monetary value for that function and provides the necessary function reliability at the lowest overall cost. This paper will presents a process on how to apply VE tools in manufacturing co… Show more

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Cited by 3 publications
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“…Moreover, this research has investigated solutions to overcome these barriers and improve the application of VE in construction projects. This study suggests the following prioritized solutions to enhance the application of VE in Saudi Arabia's construction industry: (1) adding VE courses to engineering college programs, (2) adding VE incentive clauses to construction contracts, (3) adding VE clauses to Public Works Contracts, (4) educating clients on the benefits of VE, (5) providing VE training courses with experts, (6) holding VE workshops with key stakeholders, (7) selecting well-trained VE team members for better results, and (8) assigning a VE expert to lead the workshops.…”
Section: Discussionmentioning
confidence: 99%
See 1 more Smart Citation
“…Moreover, this research has investigated solutions to overcome these barriers and improve the application of VE in construction projects. This study suggests the following prioritized solutions to enhance the application of VE in Saudi Arabia's construction industry: (1) adding VE courses to engineering college programs, (2) adding VE incentive clauses to construction contracts, (3) adding VE clauses to Public Works Contracts, (4) educating clients on the benefits of VE, (5) providing VE training courses with experts, (6) holding VE workshops with key stakeholders, (7) selecting well-trained VE team members for better results, and (8) assigning a VE expert to lead the workshops.…”
Section: Discussionmentioning
confidence: 99%
“…Several studies have defined the VE approach as "a management tool to achieve essential functions of a product, service or project with the lowest cost" [2]. Additionally, VE is defined as a "powerful methodology for reducing costs while improving performance and quality requirements" [3]. Furthermore, VE is a structured and analytical process that aims to achieve value for money by providing all necessary functions at the lowest cost consistent with the required levels of quality and performance [4].…”
Section: Introductionmentioning
confidence: 99%