VAVE
Life Cycle Management is a crucial part of identifying improvements to existing processes and products as well as identifying possibilities in new product designs.
VAVE (VALUE ANALYSIS / VALUE ENGINEERING) can be a tool for this process. VAVE is an efficient methodology for identifying and ranking problems based on their complexity, cost and the value to the business and end user of finding a solution.
VAVE can be a time-consuming process and involve a relatively large number of stakeholders. However, when managed properly, the process can make all the difference to a medical device project. At MGS, we are experienced facilitating VAVE events in Pharma, Diagnostic and MedTech companies. A key part of this process is communicating face-to-face with relevant stakeholders in the spirit of Go Gemba, meeting with production specialists to gain important knowledge about production challenges related to the product.
We Can Help Our Clients With:
- Idea generation
- Product adjustment
- Implementation
- Prioritize the identified solutions in terms of business value based on:
- Time to execute changes
- Improved customer satisfaction
- Increased output
- Cost analysis
