The value analysis/Value engineering is the foundation for success of any new product/process being developed. It is also an useful tool to deal with post product release problems and process improvement innovations. The value engineering is used to create functional breakthroughs by targeting value mismatches during product, process and project design. In today's competitive world the organization need to become faster, better & cheaper to survive. The VA/VE helps the organization to place their product in the market with an edge against the competition. The value analysis approaches and techniques will help the persons involved to obtain a better answer to their problems that determine costs & quality, in competitive business.This difference can change the organization from being "Good" to being the "Winner".
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The need for Productivity Institute
Realizing the need to enhance the skill sets of fresh engineers in mechanical engineering to make "Industry Employable" and to mould them as per the company requirements, IMTMA organizes
The rapid growth of Indian machine tool Industry and the increasing sophistication of machine tool has created the need for a new breed of machine tool technologists.