VAVE
What is VAVE?
VAVE stands for Value Analysis and Value Engineering. It is a systematic method to improve the 'value' of goods or products and services by using an examination of function. Value, as defined, is the ratio of function to cost. Value can therefore be increased by either improving the function or lowering the cost. It is primarily used to identify unnecessary costs, improve product performance, and enhance quality, ensuring optimal value for both the producer and the consumer.
Which job functions mention VAVE?
Which organizations are mentioning VAVE?
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