Value Analysis in Galvanization Process: A Cost Reduction approach

Sunil Kumar Jauhar

Abstract


In a free enterprise system, with competition at full play, success in business over the long term hinges on
continually offering the customer the best value for the price. Competition, in other words, determines in what direction one
must go, in setting the value content in order for a product or a service to be competitive. This best value is determined by
two considerations: performance and cost. Value analysis helps in identifying unnecessary costs of any product by focusing
on the product function. Using creative ideas invariably minimizes unnecessary costs even if it does not eliminate them
totally. This paper addresses the application of value analysis concepts for cost reduction in the galvanization process. By
this paper we can see that how we can use value analysis concept for solving the problem of any type with the best suitable
option of reducing the cost of galvanization to the best possible extent. In short, Value analysis is versatile and a systematic
way solve to many problems related to any aspect of manufacture, such as quality, production, maintenance, parts
availability and many others. It directly contributes to improvement of operating performance and reduced costs.


Keywords


Cost reduction, Value analysis, Galvanization

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