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Value Engineering

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Value Engineering
  Working with Suppliers on Cost Down, Value Analysis - Value Engineering
  Value Analysis & Value Engineering is the name of the scientific method adopted to achieve focused cost down of existing models. It involves scrutinizing the vehicle and every component closely, and seeking substitute products or processes that cost less but deliver the same performance to the customer.  
   
  Alto - example of Cost Down
  Alto is a shining example where Maruti was able to cut down the prices drastically through collaborative efforts. A cross-functional team (CFT) was formed involving people from different business functions like Supply Chain, Engineering and Marketing Divisions.  

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