Research and Development Support

Cost Planning, Mass Planning, Standardization of Parts

Value Engineering (VE)

VE refers to systematic activities to reduce costs by modifying drawings and specifications, streamlining manufacturing methods, and changing suppliers according to research on the cost and function of product and material services. These activities are intended to raise the value (V) of products by providing the necessary functions at minimum cost.

At Toyota, VE refers to value analysis before mass production.

VE concept

VE concept

Value Analysis (VA)

VE refers to systematic activities to reduce costs by modifying drawings and specifications, streamlining manufacturing methods, and changing suppliers according to research on the cost and function of product and material services. These activities are intended to raise the value (V) of products by providing the necessary functions at minimum cost.

At Toyota, VA refers to value analysis at the mass production stage.

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