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.