logging in or signing up value analysis a1_aakash Download Post to : URL : Related Presentations : Let's Connect Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Copy embed code: Embed: Flash iPad Dynamic Copy Does not support media & animations Automatically changes to Flash or non-Flash embed WordPress Embed Customize Embed URL: Copy Thumbnail: Copy The presentation is successfully added In Your Favorites. Views: 3790 Category: Business & Fin.. License: All Rights Reserved Like it (2) Dislike it (0) Added: July 15, 2010 This Presentation is Public Favorites: 3 Presentation Description New idea generation is best way to study Comments Posting comment... By: jithinjose (28 month(s) ago) sir can u give me the chance for downloading the presentation Saving..... Post Reply Close Saving..... Edit Comment Close Premium member Presentation Transcript VALUE : VALUE ANALYSIS INTRODUCTION : INTRODUCTION Value analysis aims at a systematic identification and elimination of unnecessary costs resulting in the increased use of alternatives, less expensive material, cheap designs, less costly methods of manufacturing .. To provide the same performance, quality and efficiency and in a decrease of overall unit cost and consequently greater profits. Slide 3: The function is the part, or material, or service is the job it does. Value is the price we pay for a product process, material or service required to perform a specific function in a efficient way. The value analysis is to ensure that all the elements of cost whether for labour, for material, for designing or for services, contributes proportionately to the function. Slide 4: Value analysis a cost reduction technique and perhaps the most potent of all such techniques. Cost reduction is a very dynamic concept unlike, for example, cost control. Slide 5: AIM: To keep cost within predetermined standards COST REDUCTION : COST REDUCTION Objective is to attack the costs themselves and eliminate them where possible. Value analysis parses a product into the functions performed by different components and then looks for the cheapest way to have that function performed. DEFINITION : DEFINITION “VALUE ANALYSIS is an organized procedure for efficient identification of unnecessary cost”. “Value analysis is the study of the relationship of design, function and cost of any product, material or manufactured by more efficient process, change in source of supply (external or internal), or possible elimination or incorporation in a related item.” Slide 8: Value ANALYSIS is organized and systematic study of every element of cost in a part, material or service to make certain it fulfils its function at the lowest possible cost; it employs techniques which identify the function the user want from product or service; it establishes by comparison the appropriate cost for each function; then it cause the required knowledge, creativity and initiative to be used to provide each function for lower cost”. historical : historical perspective Economic Value : Economic Value 1> use value 2>esteem 3>cost value 4>exchange value Mathematical formula : Mathematical formula function Value=----------------------------- Cost increase Value &decrease cost : increase Value &decrease cost 1)when we reduce cost. 2)when we improve function. 3)By (1) and(2) together. 4)when we increase function by a disproportionately low increase in costs. Types of the function : Types of the function (a) Basic Functions: the primary purposes of a product. (b) Secondary Functions: Other purposes not directly contributing to the primary purpose but supporting it or resulting from a specific design approach. Value tests and : Value tests and Value areas You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.