Isn't Value Engineering another name for Industrial Engineering? Question asked by industrial engineers - Answer in 1962 by Miles

Isn't Value Analysis another name for Industrial Engineering? This question is so often asked by

industrial engineers. Let us discuss. 

OBJECTIVES ARE THE SAME

The basic objectives of both  'To prevent or eliminate unnecessary costs."

For the objective, "To prevent or eliminate unnecessary costs," different means will exist. Success

will result from choosing the most appropriate means for each specific situation. A similarity of

objective does not in the slightest degree indicate similarity of approach, of technique, of emphasis,

of resources used, or of results accomplished in specific situations.

MANY OF THE "TOOLS" ARE THE SAME

In Industrial Engineering and Value Analysis common parts will be found, sometimes used identically, sometimes used differently, sometimes providing different emphasis.

BUT THERE ARE MANY DIFFERENCES

1. Areas of 'newness.

2. The approach of value analysis and engineering.

3. The techniques.

4. The emphasis.

1. Areas of Newness

a. Dividing all expenditures into costs of: use values, esteem values, no values.

b. Using function as the only true base for the determination of appropriate costs.

c. Evaluating functions in dollars and cents.

2. The approach of value analysis and engineering.

 With functions only as basic considerations, the approach and techniques promote good

answers to the question of how to provide reliably and at lowest cost the functions which

the customer wants.

3. The Techniques

Three basic steps are carried out by the aid of a job plan and thirteen special techniques. The basic

steps are: identify the function; evaluate it by comparison in terms of dollars; cause value alternatives

to be developed.

4. The Emphasis

These points should be especially noted here:

greatly increased emphasis on function; much increased emphasis on practical creativity; increased

emphasis on promptly utilizing a special function/cost related knowledge for the creation of better,

more practical alternatives.

Industrial engineers  appreciate the need to identify and prevent or remove unnecessary costs. Industrial engineers, who are able to secure training in the techniques of Value Analysis and Value Engineering will find great assistance in doing their task more effectively and efficiently. This new set of techniques and procedures will assist them in applying their technologies efficiently and effectively.

VALUE ANALYSIS IN ENGINEERING

Lawrence D. Miles

Manager, Value Service

General Electric Company

Schenectady, New York

14th Annual Industrial Institute , February 2 and 3, 1962 

University of California

Los Angeles

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I created the focus area of Product Industrial Engineering in IE.

Functions and Focus Areas of Industrial Engineering.

Narayana Kvss.

2016, Udyog Pragati, Journal of NITIE, Mumbai, India

https://www.academia.edu/42302708/Functions_and_Focus_Areas_of_Industrial_Engineering

Product Industrial Engineering - IE Online Course Module - Lessons - Study Materials - Notes

https://nraoiekc.blogspot.com/2019/07/product-industrial-engineering-study_18.html

IE curriculums must have the subject "Product Industrial Engineering."

Introduction to Modern Industrial Engineering - Book Information - FREE Download Link.

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