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What are the steps to be considered in value analysis? Explain with the help of an example.
written 5.3 years ago by gravatar for ishandaftardar ishandaftardar • 170 modified 4.0 years ago by gravatar for prashantsaini prashantsaini • 0
industrial engineering and management
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written 5.3 years ago by gravatar for ishandaftardar ishandaftardar • 170

The steps in value analysis are as follows:

1. Selection of Product:

High volume product will give maximum returns (benefits) from value analysis. The factors influencing the selection of the product are:

a) Market research estimated product life.

b) Expected variation in labour and material cost throughout the expected life …

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