It is an orderly and creative method to increase the value of an item. This ” item” can be a product, a system, a process, a procedure, a plan, a machine, equipment, tool, a service, or a working method. Value Analysis, also called Functional Analysis was created by L.D. Miles of General Electric Company. The […]
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Effective Use of Cross-functional Teams
Software is a necessity in all facets of business today, but people are needed to manage the software and ensure data integrity for accurate data output. People are your most important product. Use them to continuously improve your organization. Cross-Functional Teams are a good way to use multi-talented people to solve many kinds of problems […]
With Proper Value Analysis, Cost Reduction Is Guaranteed
Contributed by Charles Intrieri on March 28, 2013 in Operations & Supply Chain, Strategy, Marketing, & Sales
What is Value Analysis? It is an orderly and creative method to increase the value of an item. This “item” can be a product, a system, a process, a procedure, a plan, a machine, equipment, tool , a service or a method of working. Value Analysis, also called Functional Analysis, was created by L.D. Miles […]