The following are the advantages of value engineering:
* Value engineering helps achieve an improved product design and quality.
* Value engineering suggests eliminating the unnecessary functions in the organization that increase costs and have complex ties.
* Value engineering enhances the customers' satisfaction and sales by determining the exact need and expectation of customers.
* Value engineering emphasizes on seeking the alternatives for achieving the function and on applying the best alternative among the various courses of actions available.
* Value engineering provides competitive advantages to the firm in the areas of product quality, costs and customer's satisfaction.
* Value engineering focuses on standardization of the parts and components by identifying the possibility of using the same component or function in different products of the company. This brings economy in the cost of manufacturing the parts and components.
* Value engineering helps achieve an improved product design and quality.
* Value engineering suggests eliminating the unnecessary functions in the organization that increase costs and have complex ties.
* Value engineering enhances the customers' satisfaction and sales by determining the exact need and expectation of customers.
* Value engineering emphasizes on seeking the alternatives for achieving the function and on applying the best alternative among the various courses of actions available.
* Value engineering provides competitive advantages to the firm in the areas of product quality, costs and customer's satisfaction.
* Value engineering focuses on standardization of the parts and components by identifying the possibility of using the same component or function in different products of the company. This brings economy in the cost of manufacturing the parts and components.
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