The aerospace industry demands extremely stringent quality measures like no other. Additionally, they also demand on-time delivery along with cost cutting measures. Therefore, a successful supplier of aerospace parts must look for every opportunity to increase value and reduce lead time while maintaining the required high level of quality.

Value Analysis/Value Engineering (VA/VE) is one of the most important tools for hitting those seemingly contradictory goals of high quality, but also high value and low lead times. VA/VE is the process of conducting a systematic analysis to identify the best value possibilities for design, materials, and processes. VA/VE attempts to substitute materials and methods with less expensive alternatives without sacrificing quality or functionality. VA/VE focuses entirely on the functional aspects of components and materials, and not their physical characteristics.

In our Aerospace Case Study we discuss how VA/VE was employed to overhaul the production process of an aerospace part to produce a higher quality part, faster, and at less cost.