value engineering
[ˈvæl.juː ˌen.dʒɪ.nɪr.ɪŋ]
noun
engenharia de valor
1. A systematic approach to improving the value of a product or service by analyzing its functions and reducing costs without compromising quality, performance, or reliability
The company implemented value engineering to reduce manufacturing costs while maintaining product quality.
A empresa implementou engenharia de valor para reduzir custos de fabricação mantendo a qualidade do produto.
2. A management technique used during the design phase to optimize the relationship between functionality and cost
Value engineering helped identify unnecessary features in the product design.
A engenharia de valor ajudou a identificar características desnecessárias no design do produto.
3. A process of analyzing processes, systems, or products to find ways to provide better performance at lower costs
Through value engineering, the team discovered alternative materials that were more cost-effective.
Através da engenharia de valor, a equipe descobriu materiais alternativos mais econômicos.
Value engineering is a well-established methodology in both Brazilian and American manufacturing and construction industries. In Brazil, it has become increasingly important in the automotive, construction, and petrochemical sectors as companies seek to remain competitive in the global market while managing costs efficiently.
Related Idioms & Phrases
getting more bang for your buck
cutting the fat
working smarter, not harder
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