Implementation of Agile Manufacturing into Value Engineering Technique for Industries

Agile manufacturing (AM) is an application in manufacturing which aims to improve the competitiveness of firms. It is also believed that AM allows fast cost-effective responses to unpredictable and ever-changing product demand, and supports quick product launches for previously unplanned products tailored to satisfy customers. Value engineering (VE) is a systematic application of recognized techniques which identify the function of a product or service, establish a value for that function and provide the necessary function reliably at the lowest overall cost. It improves the value of a product, project or system and optimizes the life cycle cost. In this paper, combination of VE and AM was discussed in order to lower unnecessary costs, improve quality, respond quickly and satisfy customers. By implementation of these two techniques, maximum success would be attained.

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