Over the last few decades, Value Engineering, a
technique originally developed and perfected in the US, has been established as a
practical, useful and potent tool for cost improvement in most industries all over the
world. Its applications have reached a very wide range of subjects including hospital
administration and environmental control. TCIL, following a systematic and organized
approach, has well adapted this VE technique through its top management's support and
commitment to cost improvement programmes.
The VE Process in Tinplate
Company Of India Limited
The VE process in Tinplate is a planned effort directed
at analyzing the functions of products, processes, services
and systems for the purpose of satisfying the required functions
at the lowest total cost without sacrificing, quality, performance,
delivery, maintainability, environment and safety. In actual
practice, the VE process consists of a series of steps,
which helps in identifying the unnecessary costs and minimizing
them, if not eliminating them altogether. Our own experience
clearly shows that success results from rigid adherence
to the Job Plan. Although several versions are in common
use with slight variations, we, in TCIL, follow an Eight-Phase
Job Plan.
| Stage
1 |
Orientation Phase |
| Stage
2 |
Information Phase |
| Stage
3 |
Function Phase |
| Stage
4 |
Creation Phase |
| Stage
5 |
Evaluation Phase |
| Stage
6 |
Recommendation Phase |
| Stage
7 |
Implementation Phase |
| Stage
8 |
Audit Phase |
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The VE Group, under
Continuous Improvement Group(Productivity Services), works
on all VE related activities. These include
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| Benefits |
| • |
Capital Savings |
| • |
Enhanced Quality |
| • |
Improved performance |
| • |
Ease in maintainability |
| • |
Increased availability |
| • |
Higher employee morale |
|
Value Engineering
is just another strategic initiative practised in TCIL
towards nurturing excellence and forging cohesive relationships
among employees in its continuous quest for improved
performance.Over the years the company has taken great strides in fostering this method improvement technique across TCIL. Through various new projects adopting the VE methodology , the company last year had an audited savings of Rs. 48.3 lakhs ( This saving is Recurring in nature).
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