BibTeX:

@article{IJIRSTV3I11060,
     title={Value Analysis of Injection Molding Parts},
     author={Mihir Subhash Rege, Mustkin I. Shaikh, Abhijeet B. Patil, Amol S. Sapte and Nimesh S. Dhole},
     journal={International Journal for Innovative Research in Science & Technology},
     volume={3},
     number={11},
     pages={79--81},
     year={},
     url={http://www.ijirst.org/articles/IJIRSTV3I11060.pdf},
     publisher={IJIRST (International Journal for Innovative Research in Science & Technology)},
}

Value Analysis is a powerful problem-solving tool that can reduce costs while maintaining or improving performance and quality requirements. The aim is to increase the value of products, satisfying the product’s performance & customer’s requirements at the lowest possible cost. The basic problem is that desired qualities of products are not obtained and also the cost prices of the products are more than the sale price. Apart from this there were problems related to labor required and kinds of raw materials. Here we focus on complete manufacture injection molding process cycle to minimize company loss. To carry out this project we worked in TATA Auto Comp manufacturing industry and selected a list of parts that were in negative margin. These parts were having high cost price so a brief study was made regarding these parts. Out of the study we revealed that with the help of value Analysis it helps to optimize the unnecessary cost of the products and boost up company profit.

Value Analysis, Injection Molding, Quality, Cost, Profit