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Which of following techniques for improving productivity aims at reducing costs by analyzing and improving individual operations of a product/service?

(a)  Work simplification  (b)  Time-event network  (c)  Value engineering(d)  Total Quality Management  (e)  Quality Circle.

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Question added by Vinod Jetley , Assistant General Manager , State Bank of India
Date Posted: 2015/03/10
Khurram Shaukat Memon
by Khurram Shaukat Memon , Academic Research Writer , Freelance Academic Research Writer

Well the best technique of reducing costs is Value engineering; it evaluates each phase of operation critically and if need be restructure it that is to say design new process, that is in line with current situation. 

work simplification is the correct answer

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

(c)  Value engineering is the answer

Alex Al Yazouri
by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

 (c)  Value engineering

is the most correct answer.

 

(c)  Value engineering 

Management  

khalid khan
by khalid khan , Admin / Marketing Executive , Work in UAE

When used in the business sense and applied to the workplace, refers to activities that continually improve all functions and involve all employees from the CEO to the assembly line workers. By improving standardized activities and processes, our aims to eliminate waste How to eliminate of waster use "Lean method", is a systemic method for the elimination of waste  (c) value engineering

Venu Gopal Potluri
by Venu Gopal Potluri , Manager , Jasper Industries Private Limited, Vijayawada

Value engineering is used to identify and eliminate unwanted costs, while improving function and quality. The aim is to increase the value of products, satisfying the product’s performance requirements at the lowest possible cost. Benefits that can be delivered include a reduction in life cycle costs, improvement in quality, reduction of environmental impacts,and so on.

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