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Value analysis

This topic has 1 reply, 2 voices, and was last updated 8 years ago by John Moffat.

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November 12, 2016 at 8:01 am #348551
sxhawty
Member
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Hi sir i just wanna clarify something, it is true that value analysis enhances the value of a product at the lowest cost. but does it discourage innovation? and is value analysis somehow is a planned, scientific approach to cost reduction?
November 12, 2016 at 3:22 pm #348602
John Moffat
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- Topics: 57
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Yes – the aim is to reduce costs while maintaining or improving quality.
I am not sure scientific is quite the right word, but it is certainly a planned approach.
As far as discouraging innovation – not at all (provided that it is managed properly).
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