Value engineering seeks to reduce value-added costs as well as nonvalue-added costs.

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Value engineering is a systematic approach to improving the value of a product or process by identifying and eliminating unnecessary costs without sacrificing quality or performance. This includes both value-added costs, which contribute to the function or performance of the product or process, and non-value-added costs, which do not. By reducing both types of costs, value engineering can increase the overall value of the product or process, making it more competitive in the marketplace.

Value Engineering Seeks to Reduce Value-Added Costs as Well as Nonvalue-Added