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Value Definition
Value Definition
Value is
Value is
- WHAT the customer needs (Product or Service)
- WHEN does he (customer) need (Delivery Time)
- HOW MUCH does he need (Quantity)
- WHAT STANDARD does he need (Quality)
Measure of Value
Measure of Value
Value Added (VA), Non Value Added (NVA) & Essential Non Value Added (ENVA)
Value Added (VA), Non Value Added (NVA) & Essential Non Value Added (ENVA)
Further Reading on Value
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