VAVE process and Cost savings methods in existing products.

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Accepted Answer

VAVE process involves analyzing existing products to identify cost-saving opportunities through design improvements or material changes.

VAVE process stands for Value Analysis/Value Engineering
It involves analyzing the existing product design, materials, and manufacturing processes to identify cost-saving opportunities
Examples of cost-saving methods include redesigning components to reduce material usage, sourcing cheaper materials without compromising quality, optimizing manufacturing processes to reduce waste, and standardizing components across product lines