_____ is the organized and systematic study of every element of cost in a part, material, process, or service to ensure that it fulfills its design and operational functions at the lowest possible total cost.

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VA/VE (Value Analysis/Value Engineering) is the method of analyzing every cost component of a product, material, process, or service to guarantee that it satisfies its purpose at the least possible overall cost. Six Sigma is a problem-solving methodology for improving process performance, reducing defects and variations, and achieving consistency. Process capability is the ability of a process to meet the specified requirements. New product development is a discipline of developing new products or services. CAD/CAM (Computer-Aided Design/Computer-Aided Manufacturing) is the use of computer software to design and manufacture products.

_____ Is the Organized and Systematic Study of Every Element