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Implementation of Value Analysis Technique For Cost Reduction-Quality Preservation

Author(s):

Pratap T. Shahane , VJTI , Matunga, Mumbai-400 019; Madhukar R. Nagare, VJTI , Matunga, Mumbai-400 019

Keywords:

value analysis technique, cause and effect diagram, Pareto chart, Project performance comparison.

Abstract

In today’s highly competitive marketplace, working better, smarter and delivering quality based products on time at more effective cost is crucial for all types of industries. This intensifies and enforces all the manufacturing industries to produce better quality products with least possible cost. Production of best Quality product with least possible cost can be possible by reducing the production of non-value adding attributes. A case study was carried out in one of the manufacturing industry. It has major applications in sheet metal working. During study, few non-value adding elements were observed and causes behind that were found out by using Value Analysis technique, cause & effect diagram and Pareto analysis. The limitations of this study are maintaining product within functional and aesthetic perfection, customer satisfaction, etc. It is concluded from the study that the part quality is lying within customer requirements, manufacturing processes and at lowest production cost with minimum wastage production.

Other Details

Paper ID: IJSRDV2I4341
Published in: Volume : 2, Issue : 4
Publication Date: 01/07/2014
Page(s): 607-610

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