Value Engineering helps in improving efficiency as well as effectiveness of products. systems and procedures. In general, Value Engineering
- enables people to pinpoint areas that need attention and improvement.
- provides a method of generating ideas and alternatives for possible solution to a problem,
- provides a means of evaluating alternatives including intangible factors.
- provides a vehicle for dialogue,
- documents the rationale behind decisions, and'
- materially improves the value of goods and services.
In conclusion, it must be re-emphasize that VENA is an extremely powerful methodology for cost effectiveness and value improvement and is becoming more and more popular. It is applicable to all areas, i.e. hardware, products, services, systems or procedures, and in all functional processes like purchasing, designing, producing. packaging, physical handling and distribution.
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