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TLMT313 WEEK 3 FORUM - Assignment Example

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Its management activity requires a lot of planning and control and. Value engineering (value analysis) refers to an organized approach to provisions of critical functions in the product at…
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TLMT313 WEEK 3 FORUM

Download file to see previous pages... The approach promotes substitution of methods and materials with cheaper alternatives, without altering the functionality.
Value engineering lowers operational and management costs, improves efficiency of resources, simplify procedures and minimizes paperwork. Value engineering helps to reduce staff costs as well as achieving optimum balance between function, performance, safety, quality and cost (Mukhopadhyaya, 2009).
Value engineering and value analysis effort should be led by designers, manufacturing and production engineer, purchasing specialist and executive staff. The designers help in making decisions at an early stage of the product concerning product design, specifications, equipment required and the effect of the product to another department. Production and manufacturing engineers determines how the product is to be made, and they manage the production process. Purchasing specialists help to convert design elements into material specifications. Operational staff makes the product and deliver service. They also provide the necessary information about production problems.
Supply management supports the process by converting design requirements of the product to material specifications. They source materials required to develop the product and suggest suppliers of the materials to the ...Download file to see next pagesRead More
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