Modern value analysis is a unique problem-solving system for designing high-quality products or projects at low cost. Evolving from a process first developed by General Electric more than 50 years ago, and already implemented in organizations throughout the United States and in 38 other countries, value analysis can result in dramatic product or process improvement and reduced costs when correctly applied. Unfortunately, too many organizations proceeding with a value analysis approach continue to employ the original GE model rather than the later, more effective version described in this book.
Value Analysis in Design introduces, in step-by-step fashion, the rigorous eight-stage value analysis job plan, which can be applied to a limitless number of products, projects, and organizational processes. The book's sequentially structured description of the plan is so complete that readers need never refer to outside resources. Supported by 36 case studies that demonstrate the extraordinary versatility of modern value analysis, Value Analysis in Design goes on to offer readers steady guidance that will enable them to institute an ongoing value analysis system, whatever their environment.
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Theodore C. Fowler is a Certified Value Specialist and the Managing Principal of Fowler & Whitestone in Dayton, Ohio, an international consulting organization specializing in value analysis. First introduced to the process in 1954 under the guidance of Lawrence D. Miles, the creator of value analysis, Mr. Fowler has managed value engineering for TRW as well as AM International, Xerox Corporation, Raytheon Corporation, Laboratory for Electronics, and the General Electric Company. He has participated in the training of over 8,000 people in value analysis theory and practice, directed numerous team design studies, and as a consultant, guided the formation of many in-house value analysis systems. A certified instructor in Northeastern University's Graduate School of Engineering, he has lectured at the American Management Associations, the National Society of Professional Engineers, the Center for Manufacturing Technology and the University of Wisconsin. He was honored in 1982 by SAVE International as a Fellow of the Society, and in 2001 was presented with the Lawrence D. Miles Founder's Award, the Society's highest technological award.
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