Application And Research Of Value Engineering In Automation Projects

With the continuous development of global economic integration, automationequipment manufacturing enterprises facing unprecedented competitive pressures, thecost scientific management methods and advanced technological innovation capabilityis critical; otherwise it would be difficult to achieve consistent growth and profitabilityobjectives of financial management. In the market competition, if you always want to bethe winner and market leader, you must take the lead to address well the deficiency incost management and technological innovation process of automation engineeringproject, figure out the regulation of market and business management in automationequipment manufacturing sector by research and analysis as well.Value Engineering refers to certain way of thinking and management techniquesthat achieving the necessary function reliably at the lowest cost in the entire process andfull range of projects and increasing product value by organized creative work. As ascientific management method, Value Engineering combines technology and economicto study optimum resolution to impact on function increasing and cost optimizing,thereby enhancing the value of the product. Therefore, Value Engineering is a powerfultool to resolve the problems of cost and innovation.At present in the automation engineering project Value Engineering application isstill very limited, especially it is seldom regularly applied in entire process and wholerange of projects. To strengthen Value Engineering application means very realisticworth to automation equipment manufacturing enterprises because it can increaserevenue, reduce costs, and enhance their core competitiveness to increase ProductValue.This article studies and analyzes Value Engineering and its realistic statuses whenthe theory is applied in automation equipment manufacturing enterprises at variousaspects. Firstly the article introduces the birth and development of Value Engineering,current situations and trends of international and domestic Value Engineeringapplication then describes what is recent circumstances of Value Engineering applied inChinese automation engineering sector; secondly there is an overview of the basictheory of Value Engineering application in automation engineering sector; thirdly thepaper illustrates Value Engineering can bring economic benefits to the enterprise because its application in implementation of project drives project cost-down andmargins-up; fourthly, Value Engineering’s application in the automation product designand development projects combines Value Engineering and Quality Function to developnew products and meet market functions, reflects the huge role of Value Engineering inthe product innovation; finally taking its application in Energy-saving projects forexample, value engineering can not only enhance the value of the producers, increasethe broad social value and achieve the sustainable development of society.Taking the practical application of Value Engineering in the three different projectsat various aspects for example, the article describes Value Engineering promoted andapplied in automation engineering sector prompts economic and social interest, whichtestifies the theoretical and practical value of Value Engineering in realistic work.