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Value Analysis & Value Engineering (VAVE) Explained | Free Online SigmaExacta Tool Walkthrough
Learn the fundamentals of Value Analysis and Value Engineering (VAVE) and see how you can quickly perform a structured value analysis using a free online tool.
In this video, we explain the difference between Value Analysis (improving existing products) and Value Engineering (designing value into new products). Then we demonstrate how to use the SigmaExacta VAVE tool to identify low-value functions and opportunities for cost reduction.
This method is widely used in engineering, product development, cost optimization, and manufacturing to maximize value while minimizing cost.
By the end of this video you will understand:
✅ The difference between Value Analysis and Value Engineering
✅ How VAVE improves product value
✅ How to structure functions and components
✅ How to calculate value index
✅ How to identify improvement opportunities
This tool is especially useful for:
Product engineers
Manufacturing engineers
Cost engineers
Operations teams
Product managers
⏱️ Timeline / Chapters
00:00 – Introduction
00:10 – What is Value Analysis & Value Engineering
00:40 – Historical context and example
01:00 – Difference between Value Analysis and Value Engineering
01:35 – How VAVE improves product value
02:00 – Introduction to the SigmaExacta VAVE tool
02:20 – Overview of the tool interface
02:40 – Defining components and system structure
03:05 – Adding functions and contacts
03:35 – Entering cost and value data
04:05 – Calculating the Value Index
04:30 – Identifying low-value functions
04:50 – Final analysis and results
05:00 – Conclusion
🔎 Tags
value engineering, value analysis, vave, engineering methods, cost reduction engineering, product development tools, sigmaexacta, engineering optimization, manufacturing engineering, product value analysis
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By Learn the fundamentals of Value Analysis and Value Engineering (VAVE) and see how you can quickly perform a structured value analysis using a free online tool.
In this video, we explain the difference between Value Analysis (improving existing products) and Value Engineering (designing value into new products). Then we demonstrate how to use the SigmaExacta VAVE tool to identify low-value functions and opportunities for cost reduction.
This method is widely used in engineering, product development, cost optimization, and manufacturing to maximize value while minimizing cost.
By the end of this video you will understand:
✅ The difference between Value Analysis and Value Engineering
✅ How VAVE improves product value
✅ How to structure functions and components
✅ How to calculate value index
✅ How to identify improvement opportunities
This tool is especially useful for:
Product engineers
Manufacturing engineers
Cost engineers
Operations teams
Product managers
⏱️ Timeline / Chapters
00:00 – Introduction
00:10 – What is Value Analysis & Value Engineering
00:40 – Historical context and example
01:00 – Difference between Value Analysis and Value Engineering
01:35 – How VAVE improves product value
02:00 – Introduction to the SigmaExacta VAVE tool
02:20 – Overview of the tool interface
02:40 – Defining components and system structure
03:05 – Adding functions and contacts
03:35 – Entering cost and value data
04:05 – Calculating the Value Index
04:30 – Identifying low-value functions
04:50 – Final analysis and results
05:00 – Conclusion
🔎 Tags
value engineering, value analysis, vave, engineering methods, cost reduction engineering, product development tools, sigmaexacta, engineering optimization, manufacturing engineering, product value analysis