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value analysis Line breaks: value ana|lysis

Definition of value analysis in English:


[mass noun]
The systematic and critical assessment by an organization of every feature of a product to ensure that its cost is no greater than is necessary to carry out its functions.
Example sentences
  • He tended to analyze problems using straightforward frameworks such as present value analysis and basic valuation models.
  • Concepts such as standardization, procurement, budgets, and value analysis can be difficult to learn outside of a formal education program.
  • The value analysis team reviews all new products.
Definition of value analysis in:
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