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Value added activites created by a warehouse
Value engineering is an approach to productivity improvement that attempts to increase the value obtained by a customer of a product by offering the same level of functionality at a lower cost. Value engineering is sometimes used to apply to this process of cost reduction prior to manufacture, while "value analysis" applies the process to products currently being manufactured. Both attempt to eliminate costs that do not contribute to the value and performance of the product (or service, but the approach is more common in manufacturing). Value engineering, thus, critically examines the contribution made to product value by each feature of a design. It then looks to deliver the same contribution at lower cost. Different types of value are recognised by the approach : Use value relates to the attributes of a product which enable it to perform its function. Cost value is the total cost of producing the product. Esteem value is the additional premium price which a product can attract because of its intrinsic attractiveness to purchasers. Exchange value is the sum of the attributes which enable the product to be exchanged or sold. Although the relative magnitude of these different types of value will vary between products, and perhaps over the life of a product, VE attempts to identify the contribution of each feature to each type of value through systematic analysis and structured creativity enhancing techniques. Value engineering programs are best delivered by multi-skilled teams consisting of designers, purchasing specialists, operations personnel, and financial analysts. Pareto analysis is often used to prioritise those parts of the total design that are most worthy of attention. These are then subject to rigorous scrutiny. The team analyses the function and cost of those elements and tries to find any similar components that could do the same job at lower cost. Common results are a reduction in the number of components, the use of cheaper materials, or a simplification of the process.
Manufacturing Cycle Efficiency is value add (VA) time divided by non-value add(NVA) time. That is, in the entirety of a process flow or value stream flow, the total of value added time divided by the total of non-value added time. For example, total manufacturing cycle time of 28 days. Of the total, let's say there is 1 day worth of VA time and 27 days of NVA time. That means your cycle efficiency comes to 3.7%.
That is depending on your KL/r value . sammy Structural engineer That is depending on your KL/r value . sammy Structural engineer
210 GPa