Value Engineering (VE) or Value Analysis (VA) is an internationally used technique, which helps any type of organization (which range from manufacturing, process to service industries like hospital administration, transportation, IT, etc.) to enhance Value to Customer in a very transparent manner. This Value Addition is normally accompanied by lower cost too. In developed countries like USA, UK, Japan, Germany, the use of this technique saved billions with enhanced value to customers. Of late, Asian countries like China, Korea, Saudi Arabia, etc. have also started extensive use of VE, which is evident from various technical papers read during many international conferences held in different countries from time to time. |