Value Analysis
Value Analysis is a valuable tool in
today's world of ever increasing material and labor costs.
This is actually a practice followed as part of pattern
engineering for many years, but is very important to use all
the rough the development and commercialization procedure
What is Value Analysis
Value Analysis has been around for many
years. What it amounts to is a process to find the
most economical way or performing the function of a
component (or complete product), while maintaining its
aesthetic properties and required quality levels.
While ShoeTemp Associates is primarily
associated with the Shoe Industry, the principals of Value
Analysis training can be applied to any industry
Advantages to the Manufacturer
As a practice, the importance of Value
Analysis to a manufacturer is that it provides an organized
method to discover and implement ways of reducing Cost as
early in the development cycle as possible. It's also used
as a valuable tool for reducing cost in products already in
production.
Value Analysis represents a valuable
method of developing a team relationship between various
departments involved in the development, commercialization,
material/component purchasing and production of a product
It can also be used as a way of getting
the customer involved in (and made aware) of the complexity
of putting a new product into production
Advantages to the Customer
As a Customer, placing orders with a
factory that has been trained in, and is using Value
Analysis, is that the factory can offer better pricing,
through their best use of the most appropriate materials and
components.
If the factory you're using is trained in
Value Analysis, and is
Efficiency Engineered, as well as using good
Production Control methods (as ShoeTemp Associates
advocates), quality products, made with the appropriate
materials (and components) and reduced lead times are a
definite probability
