Value Engineering In Manufacturing

Page i

Abstract

In pursuit of the first objective this paper begins by carrying out a systematic review of vale engineering investigating what is understood by the term “high-value” when applied at the level of the firm. It continues by addressing the second objective, with the presentation of findings from a scoping study, which sets out to identify the gaps in knowledge in relation to high-value operations from a practitioner perspective.

Acknowledgement

I would take this opportunity to thank my research supervisor, family and friends for their support and guidance without which this research would not have been possible.

Declaration

Title of study Value Engineering In Manufacturing

This study is 11925 words in length (plus __6__ pages of essential tables and figures), excluding title page, table of contents, summary, acknowledgements, preface, appendices and list of sources but including notes, and is thus equivalent to 1200 standard pages in length. In writing this study, I have cited all published sources used, including Internet sources, as follows: Direct quotations are marked as quotations, and the source of each quotation is indicated. The sources are also clearly indicated Sources are indicated at the point in the text where the material is used, either through a reference in the text or through a footnote, as well as being listed in the bibliography. I may have discussed the study with others and used advice and suggestions from others in writing it, but the study is my own original work and is neither copied from another source without proper acknowledgement, nor written for me by another person, in whole or in part.

Signed ____________________________________ Date ___________________

Table of Contents

Step 11

Choice and definition of topic1

Step 27

Literature Review7

Operations management systems10

Process planning11

Facilities Layout Planning12

Aggregate planning13

Master Scheduling:13

Material Requirement planning:13

Task description:14

Basic time18

Standard times18

Value Engineering19

Work Simplification:20

Quality Circles20

Step 331

Methodology31

Step 436

Data Collection36

Phase 1 - Scoping Study36

Financial perspective36

Operational perspective37

Supply Chain Perspective38

Mechanical Handling41

Contract Electronics43

Step 545

Synthesis Analysis45

Summary45

Focus Groups46

Moving towards the new business model48

Summary for focus groups50

Step 551

Analysis and synthesis51

Step 661

Discussion of results and Conclusions61

Step 764

Recommendations64

References73

Appendix80

Appendix 281

List of Figures

Figure 1 ---------------------------Pg 11

Figure 2 ---------------------------Pg 16

Figure 3 ---------------------------Pg 19

Figure 4 ---------------------------Pg 21

Figure 5 ---------------------------Pg 25

Figure 6 ---------------------------Pg 26

Figure 7 ---------------------------Pg 28

Figure 8 ---------------------------Pg 29

Figure 9 ---------------------------Pg 33

Figure 10 --------------------------Pg 34

List of tables

Table 1-------------------------------------- Pg 47

Table 2 ------------------------------------- Pg 49

Table 3 --------------------------------------Pg 52

Table 4 --------------------------------------Pg 53

Table 5 --------------------------------------Pg 56

Step 1

Choice and definition of topic

The quality management of any activity, if it is to be carried out in a serious way, needs metrics to enable the activity to be measured, if only semi-quantitatively, so that quality improvement can be seen and demonstrated. Design is probably the most difficult activity to be measured in this way because of its creative input. This paper deals with the subject of value engineering from an operations management perspective.

VE is defined as a systematic effort directed at analyzing the functional requirements of DoD systems, equipment, facilities, procedures, and supplies for the purpose of achieving the essential functions at the lowest total cost, consistent with the needed performance, safety, reliability, quality, and maintainability.

Although there are numerous other published definitions of ...