What does VAVE mean in ENGINEERING

Value Added Value Engineering (VAVE) is a business process that adds value to a product, service or procedure in order to improve customer satisfaction and maximize profits. It involves identifying the value stream — the stages within a process where value can be added — and reviewing each stage of the product life cycle systematically with the aim of cutting costs, eliminating waste and improving overall quality.

Value Added Value Engineering (VAVE) is one of the key components in Lean Six Sigma methodology. The aim of VAVE is to improve efficiency and reduce costs through the application of analytical tools such as Process Mapping, Cost Analysis and Design for Manufacture. VAVE encourages teams to look at both current processes and future possible improvement opportunities so that they are incorporated into designs as early as possible.

There are many potential benefits of using VAVE including cost savings, improved customer satisfaction, time savings, improved process performance, reduced lead times and increased sales volumes. By applying lean principles to existing processes or improving upon new products or services before launch, organizations can reduce their operational costs while increasing quality.

The amount of time needed for implementing VAVE depends on several factors such as the scope of the project, size of organization/team involved and level of complexity associated with it. Generally speaking however, an effective implementation process could take from two weeks up to three months or more depending on what needs to be achieved within that timeframe.

Implementation teams for successful projects should involve members from different departments with various skill sets. This could include senior management executives, product designers/engineers, production team members or supply chain personnel – all who have an understanding on how value is created throughout their respective areas in order for them to identify different opportunities for improvement.

Successful measurement requires having established objectives prior to implementing any processes related to VAVE; these objectives should then be tracked throughout its implementation in order for progress towards achieving these goals and objectives can be monitored accordingly. In addition metrics related directly relevant metrics such as time savings, cost savings etc… should also be tracked against set targets in order understand if desired results have been achieved or not.

There are a variety of commercially available software packages which are used by companies when embarking on projects related to Value Added Value Engineering (VAVE). Some examples would include Minitab for statistical analysis; Arena simulation software; or Microsoft Project Manager for managing project deliverables & timeline; among others depending on individual needs and preferences.

Training is essential when it comes down to properly implementing any type of project involving Value Added Value Engineering (VAVE). Not only will it help teams better understand how each component works together but also ensure that best practices such as Lean Six Sigma principles are being followed correctly from beginning until completion.

Yes - Typically organizations that utilize lean manufacturing approaches adopt standards from organizations such as ASQ (American Society for Quality) – among other bodies which recognize professional competencies within certain areas such as manufacturing engineering & design fundamentals.