Value analysis is a continuous process of evaluating the cost of doing business with a particular buying unit. Suppliers must ensure they are receiving adequate benefits from the time invested in a customer.

Question

Quizplus · Accepted Answer

Value analysis primarily focuses on improving the value of a product or service by examining its function, cost, and performance, rather than evaluating the cost of doing business with a particular buying unit.

Value Analysis Is a Continuous Process of Evaluating the Cost