Over to its versatility this
method improvement tool has brought about cost improvement in various
spheres of business mainly manufacturing, automobiles, switchgear,
services and other related fields.
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 on 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.
| 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 initiative , under
Business Excellence , works
on all cost related activities as detailed in the process.
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
has gained in terms of Capital savings, Enhanced Quality, Improved performance,
Ease in maintainability, Increased availability, Higher employee morale
| Benefits |
| • |
Capital Savings |
| • |
Enhanced Quality |
| • |
Improved performance |
| • |
Ease in maintainability |
| • |
Increased availability |
| • |
Higher employee morale |
|
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