Application of Value Engineering for Cost Reduction of Household Furniture Product - A Case Study

Abstract

See, stats, and : https : / / www . researchgate . net / publication / 283008783 Application Reduction - A Case Article DOI : 10 . 15680 / IJIRSET . 2014 . 0310024 CITATION 1 READS 313 3 , including : Some : Integration Industry Just Mr . Chougule A . G . Patil 7 SEE Shrikant Atharva , Malad 28 SEE All . Chougule . The . All - text and , letting . ABSTRACT : Value Engineering is a proven management technique that can make valuable contributions to value enhancement and cost reduction in furniture industry . A case study of furniture industry is discussed in which the material size of the product is changed according to the value engineering methodology . M / s Gayatri Industries , Sangli (Maharashtra) has been manufacturing different types furniture products and supplying to local dealers and customers directly . This paper introduces how to apply theories and methods of Value Engineering in the industry . Value engineering with its different phases can be implemented in any product to reduce the cost . The material is chosen such that the cost is reduced without affecting the value of the product and its design . To find the best possible alternative from the choices , we have used the tools such as Function analysis , Functional Evaluation and Decision Matrix , which gives the most appropriate results .