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A Toolbook for Quality Improvement and Problem Solving (contents)

Value Analysis: When to use it

The Quality Toolbook > Value Analysis > When to use it

When to use it | How to understand it | Example | How to do it | Practical variations

 

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When to use it

  • Use it when analyzing a product or process, to determine the real value of each component.
  • Use it when looking for cost savings, to determine components that may be optimized.
  • Use it only when the item to be analyzed can be broken down into sub-components and realistic costs and values allocated to these.

 

Fig. 1. Using Value Analysis in problem solving

 

 

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