Value analysis is a team effort – a team representing design, production control, purchasing, distribution etc. staff.?

Question

Mohammed Asim Nehal · Answer

Steps in the value analysis are –

(a) Identification of problem and definition of problem.

(b) Collection of information.

(c) Exploring and evaluation of alternatives.

(d) Development and planning.

(e) Recommendation of the final proposal for implementation.

It is an important tool for cost reduction.