Improving Profitability through Value Engineering: A Case studyAuthor : Darshak A. Desai
Volume 1 No.1 January-June 2012 pp
Vallabh Vidyanagar – 388 120, Gujarat, India
(Received on 26 December 2011 and accepted on 15 February 2012)Abstract
Value Engineering is a function-oriented technique that has proven to be an effective management tool for achieving improved design, construction, and cost-effective solution for many engineering problems. It is one of the most effective techniques known to identify and eliminate unnecessary costs in product design, testing, manufacturing, construction, operations, maintenance, procedures and practices. This paper is an attempt to highlight the application of value engineering techniques towards profitability improvement. The paper discusses a case of fabrication industry mainly dealing with different security cabinets. The paper illustrates how the value engineering efforts resulted into the positive impact on the profitability of the company.
Value Engineering, Profitability, Security Safes, Concrete Filled Door Safes, Locking Mechanism