Value Engineering - Introduction

http://knol.google.com/k/narayana-rao-kvss/value-engineering/2utb2lsm2k7a/4

The knol is an introduction to the technique of value engineering, a cost management and cost reduction tool. It is used in both manufacturing and construction.

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Value engineering is a very important technique and companies are using it to reduce the cost of products at design stage itself. It is a very important technique in the process of target cost management.