Value Engineering

What is Value Engineering?

Value Engineering is a systematic methodology for optimizing the relationship between functionality and costs in industrial manufacturing processes and products. This structured approach aims to maximize customer benefits while minimizing non-value-adding elements through analytical evaluation processes and creative optimization strategies.

Methodological Foundations

The implementation of Value Engineering is based on a multi-dimensional analysis and optimization process:

Fundamental process steps:

• Function analysis and evaluation
• Cost-value relation of individual components
• Identification of optimization potentials
• Development of alternative solution concepts

This systematic approach enables precise identification of improvement potentials.

Analytical Tools

Value Engineering implements various analysis methods:

Central evaluation techniques:

1. Function cost analysis
2. FAST diagrams (Function Analysis System Technique)
3. Value Stream Mapping
4. Design-to-Cost methodology

Implementation Process

The systematic Value Engineering process includes:

Structured phases:

• Information phase: Data collection and analysis
• Creativity phase: Generation of alternative solutions
• Evaluation phase: Assessment of solution alternatives
• Implementation phase: Execution of optimal concepts
• Follow-up phase: Success measurement and documentation

Performance Metrics

The assessment is based on measurable performance indicators:

Quantifiable key figures:

• Value Index (functional value/cost)
• Return on Value Engineering (ROVE)
• Cost reduction with maintained functionality
• Time-to-Market optimization

Economic Significance

Systematic Value Engineering generates:

Quantifiable benefits:

• Cost reduction of 15-25% with the same range of functions
• Increase in product quality by 10-20%
• Optimization of material cost structure by 20-30%
• Improvement of production efficiency by 15-25%

The systematic implementation of Value Engineering forms the basis for sustainable competitiveness through optimized cost-benefit relationships in modern manufacturing environments.