what is value engineering and no frills?

A. Value Engineering:

1. When World War II created product shortages, engineers looked at how to streamline the manufacturing process to create quality products using fewer materials and less energy. Since then, value engineering has become an important process whose goal is to reduce the costs associated with production without lowering the quality of the product.

2. Value engineering involves looking at the production effort critically and using knowledge and experience to create more efficient work processes.

3. Please read for Steps on How to Conduct Value Engineering at:

http://www.ehow.com/how_12036552_steps-conduct-val...

B. No frills:

1. A no-frills or no frills service or product is one for which the non-essential features have been removed to keep the price low. The use of the term- "frills" refers to a style of fabric decoration. Something offered to customers for no additional charge may be designated as a "frill" - for example, free drinks on airline journeys, or a radio installed in a rental car. No-frills businesses operate on the principle that by removing luxurious additions, customers may be offered lower prices.

2. Common products and services for which no-frills brands exist include airlines, supermarkets, vacations and vehicles.

3. For details, please read:

http://en.wikipedia.org/wiki/No_frills

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