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    Value Engineering

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    nishant
    Value engineering is a scientific method used to lower the costs of existing vehicle models through value analysis. It involves carefully examining each vehicle component to find substitute parts or processes that cost less while maintaining the same performance and value for customers. The Maruti Alto is an example where a cross-functional team approach helped significantly reduce prices through collaborative cost reduction efforts across different business divisions like supply chain, engineering, and marketing.

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    Value Engineering

    Uploaded by

    nishant
    33 views1 page
    Value engineering is a scientific method used to lower the costs of existing vehicle models through value analysis. It involves carefully examining each vehicle component to find substitute parts or processes that cost less while maintaining the same performance and value for customers. The Maruti Alto is an example where a cross-functional team approach helped significantly reduce prices through collaborative cost reduction efforts across different business divisions like supply chain, engineering, and marketing.

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    Value engineering is a scientific method used to lower the costs of existing vehicle models through value analysis. It involves carefully examining each vehicle component to find substitute parts or processes that cost less while maintaining the same performance and value for customers. The Maruti Alto is an example where a cross-functional team approach helped significantly reduce prices through collaborative cost reduction efforts across different business divisions like supply chain, engineering, and marketing.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    33 views1 page

    Value Engineering

    Uploaded by

    nishant
    Value engineering is a scientific method used to lower the costs of existing vehicle models through value analysis. It involves carefully examining each vehicle component to find substitute parts or processes that cost less while maintaining the same performance and value for customers. The Maruti Alto is an example where a cross-functional team approach helped significantly reduce prices through collaborative cost reduction efforts across different business divisions like supply chain, engineering, and marketing.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Value Engineering

      Working with Suppliers on Cost Down, Value Analysis - Value Engineering


    Value Analysis & Value Engineering is the name of the scientific method adopted to 
    achieve focused cost down of existing models. It involves scrutinizing the vehicle and
    every component closely, and seeking substitute products or processes that cost less but
    deliver the same performance to the customer.

       
      Alto - example of Cost Down
    Alto is a shining example where Maruti was able to cut down the prices drastically through  
    collaborative efforts. A cross-functional team (CFT) was formed involving people from
    different business functions like Supply Chain, Engineering and Marketing Divisions.

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