Prospect of Unleashing Value Engineering for Industrial Growth

Value Engineering is a systematic approach aimed to achieve the desired functions of a product, process, system or service at a minimum overall cost, and having maximum performance with consistency without in any way affecting the quality, reliability, performance and safety of the product, process, system or service. This paper aims how systematic approach through Value Engineering could identify the unwanted functions during manufacturing and some improvement aspects for better cost and quality in a foil stock rolling mill through a case study.