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Dictionary
Value engineering

noun
- 1. the modification of designs and systems according to value analysis.
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Value engineering
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Product design that maximizes function-to-cost ratio
Value Engineering (VE) is the science of systematically analysing the functions of various components and materials, to optimise the various inherent costs - with the goal of achieving the best value outcome for goods, products and services. VE levers logic, data, and experience, to create value through improvement, and eliminate waste and excess. It is a primary tenet of Value Engineering that ba... Wikipedia
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