StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

TLMT313 WEEK 3 FORUM - Assignment Example

Cite this document
Summary
Its management activity requires a lot of planning and control and. Value engineering (value analysis) refers to an organized approach to provisions of critical functions in the product at…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.2% of users find it useful
TLMT313 WEEK 3 FORUM
Read Text Preview

Extract of sample "TLMT313 WEEK 3 FORUM"

Value Analysis and Value engineering Value Analysis is a formal, systematic and organized process of evaluation and analysis. Its management activity requires a lot of planning and control and. Value engineering (value analysis) refers to an organized approach to provisions of critical functions in the product at the cheapest cost. For new products, the team modifies the value analysis approach to operating in an environment that is uncertain and has less available information that can be used to make decisions.

The method requires a lot of investment by the organization in terms of the skills, experiences human resources to support the group. The approach promotes substitution of methods and materials with cheaper alternatives, without altering the functionality. Value engineering lowers operational and management costs, improves efficiency of resources, simplify procedures and minimizes paperwork. Value engineering helps to reduce staff costs as well as achieving optimum balance between function, performance, safety, quality and cost (Mukhopadhyaya, 2009).

Value engineering and value analysis effort should be led by designers, manufacturing and production engineer, purchasing specialist and executive staff. The designers help in making decisions at an early stage of the product concerning product design, specifications, equipment required and the effect of the product to another department. Production and manufacturing engineers determines how the product is to be made, and they manage the production process. Purchasing specialists help to convert design elements into material specifications.

Operational staff makes the product and deliver service. They also provide the necessary information about production problems.Supply management supports the process by converting design requirements of the product to material specifications. They source materials required to develop the product and suggest suppliers of the materials to the business.ReferencesMukhopadhyaya, A. K. (2009). Value engineering mastermind from concept to value engineering certification Los Angeles: Response.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“TLMT313 WEEK 3 FORUM Assignment Example | Topics and Well Written Essays - 250 words”, n.d.)
TLMT313 WEEK 3 FORUM Assignment Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/professional/1660787-tlmt313-week-3-forum
(TLMT313 WEEK 3 FORUM Assignment Example | Topics and Well Written Essays - 250 Words)
TLMT313 WEEK 3 FORUM Assignment Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/professional/1660787-tlmt313-week-3-forum.
“TLMT313 WEEK 3 FORUM Assignment Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/professional/1660787-tlmt313-week-3-forum.
  • Cited: 0 times

CHECK THESE SAMPLES OF TLMT313 WEEK 3 FORUM

TLMT313 WEEK 7 FORUM

The paper discusses the PPG Industries' global supply chain information.... The paper delves on the supply chain safety and quality strategies.... The Pittsburgh Plate Glass (PPG)… In Pittsburgh Plate Glass (PPG) Industries, Mr.... Herm Canil is the Director of both the purchasing department and the Supply Chain Department (Linkedin, 2014)....
1 Pages (250 words) Assignment

TLMT312 WEEK 2 FORUM

The life time of a product has several phases; development, design, usage, maintenance, and finally disposal of the product.... Sustainability also considers the effect of the… TCO considers the long term cost value of products to organizations, through evaluation of direct costs and indirect costs during purchase....
1 Pages (250 words) Assignment

TLMT312 WEEK 3 FORUM

Demand planning: This component of the APS represents short-term, medium and long-term sales forecasts, which are generated from a cluster of quantitative techniques.... This yields anticipated demand, which is an input for many other APS components. Distribution planning: this… It takes into account direct delivery of goods to customers....
1 Pages (250 words) Assignment

TLMT312 WEEK 4 FORUM

Classification is determined by several elements such as value and density, liability, stow-ability and handling.... The primary role of classification is to separate different items while combining items with the… The purpose of classification is to help in determining freight charges per class, and it provides a comparison of commodities moving to different states and countries....
1 Pages (250 words) Assignment

TLMT312 WEEK 5 FORUM

Bowersox (2009) states that it is vital for an organization to put into consideration the packaging of the goods and the type of container that is used.... This is to ensure the appropriateness of the container, storage and the safety of the goods during the supply or… There are two containers addressed and their differences are as discussed below; (Donald J....
1 Pages (250 words) Assignment

TLMT312 WEEK 6 FORUM

In essence, a TLMT312 WEEK 6 forum Distinguish between reliability and character-based trust.... Reliability based trust is guided by the perception of an organization in relation to the operating performance and actual behavior of a potential partner (Bowersox, Closs, & Cooper, 2007)....
1 Pages (250 words) Assignment

TLMT312 WEEK 7 FORUM

Tax strategies such as tax rates and tax structures have always been put into consideration, mainly when choosing between alternative site within regional and local geography.... The tax incentives are being done through the property tax allowances.... The incentives are used to… The paper discusses how the local and regional tax strategy regarding value-added, property, income tax, and inventory can influence supply chain. The use of local and regional tax strategy How Regional and Local Tax Strategy Regarding Property, Value-added, Inventory and Income Taxes can Influence Supply Chain How Regional and Local Tax Strategy Regarding Property, Value-added, Inventory and Income Taxes can Influence Supply ChainTax strategies such as tax rates and tax structures have always been put into consideration, mainly when choosing between alternative site within regional and local geography....
1 Pages (250 words) Assignment

TLMT312 WEEK 8 FORUM

Moreover, I TLMT312 WEEK 8 forum My knowledge, skills and abilities about supply chain logistics operations have greatly increased.... I am currently endowed with the required knowledge supply logistics in various business processes and general operations.... The knowledge and skills of supply logistics have also… ables me to possess fundamental capabilities of undertaking inventory management process, which is significant in developing a charismatic personality in my field of study. I managed to perform relatively better in the class as compared to the previous semesters....
1 Pages (250 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us