Value analysis
Practical sheet REF: FIC0428 V1

Value analysis

Author : Olaf DE HEMMER

Publication date: May 10, 2014 | Lire en français

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AUTHOR

  • Olaf DE HEMMER: International Business Manager Purchasing , LowendalMasaï , Chairman , AFAV - Value Management

 INTRODUCTION

An innovative solution must meet a new market need or improve an existing offering, while limiting the resources required. Value analysis (VA) helps to mobilize the required skills in a structured approach.

Its specificity lies in the application of "value" reasoning, which aims to increase utility and/or reduce costs for stakeholders:

  • "What's the point? To facilitate and guide the expression of stakeholders' needs, independently of the solutions.

  • "Why does it cost? Link the costs of the current solution to requirements, to identify unnecessary costs or requirements that are too costly, and prioritize changes.

  • "Change what? To facilitate targeted research and the choice of optimized solutions with stakeholders, meeting needs at the lowest possible cost.

The optimal (re)design of a product or service, using the value analysis method presented in AFNOR standards NF X50-100, 151 and 152 (see "Normative framework" tool), therefore involves five stages.

For each stage, we will specify the questions asked, the answers sought, the sources of this information and the means of collecting it, as well as the tools to help collect and analyze it.

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