value engineering Meaning in the Cambridge English Dictionary
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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 ​valueengineering had to be done to ​controlcosts.
(Definition of value engineering from the Cambridge Business English Dictionary © Cambridge University Press)
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