value engineering Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “value engineering” in the English Dictionary

"value engineering" in Business English

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value engineeringnoun [U]

uk   us   (also value analysis [C or U]) PRODUCTION, ECONOMICS
the process of reducing the cost of producing a product without reducing its quality or how effective it is: Substantial value engineering had to be done to control costs.
(Definition of value engineering from the Cambridge Business English Dictionary © Cambridge University Press)
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