APPLICATION OF VALUE ENGINEERING: A CASE STUDY OF COUPLER FOR BEDDED VALVES by Kulpreet Singh
It is becoming essential to develop new alternatives with lesser cost,but giving same or better performance in current competitive environment. Every industry strives hard to meet the requirements of customers and to reduce production cost. Value engineering is a scientific tool for improving value potential, reducing cost while meeting the functional utility. In present work Value Engineering Job Plan (VEJP) was used to reduce the qualitative cost of manufacturing of coupler. The study was carried out at Sir Valves, Jalandhar. The poor value areas were highlighted and worked upon. Changes in design were proposed leading to 4.18 per cent of savings.