
To prevent relationships from deteriorating ensure that you include everyone who can make a meaningful contribution to a value analysis (VA) and value engineering (VE) project, Grant Wall of Grayle Consulting told SmartProcurement.
VA is a structured process that is used to either identify and eliminate or modify product features that add little or no functional value to the product or service offered (as viewed from a customer perspective), but do add cost, or offer product functionality or services that meet market requirements or expectations at a lower cost.
VA is not just a cost cutting exercise: the process strives to positively influence and, if possible, optimise the so-called value equation.
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