Value Engineering is only about maximizing the ROI

Myths of Value Engineering to Deliver Costoptimized Medical Device Manufacturing

1. Value Engineering is about putting quality at stake 2. Value Engineering can be considered at the end of the manufacturing process 3. Value engineering negatively impacts user experience 4. Value Engineering is only about maximizing the ROI 5. Value Engineered Medical Devices do not deliver on innovation & creativity 6. Cost optimization & Cost reduction are same

Myth #1: Value Engineering is about putting quality at stake

Value engineering does not mean putting quality at stake. Rather it means finding potential quality alternatives that can be put into use to optimize cost.

This may include areas like vendor analysis, de-conceptualizing the design to reduce the number of parts required, and eliminating unnecessary functionalities that offer no value to the end-user.