Page 149 - DMGT525_MATERIALS_MANAGEMENT

Materials Management

Notes As mentioned earlier, items where the saving can be substantial should obviously be taken up
first. Also, items which are imported, or difficult to obtain, and monopoly items, should receive
high priority.
However, even if no economy can be effected immediately by Value Analysis on any particular
item, then usefulness of the technique should not be forgotten altogether. The item should be
taken up again for value analysis after six months or a year, the period being dictated by the
findings of the investigation.

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Caselet Accenture Organization Value Analysis for Analytics

he Accenture Organization Value Analysis for Analytics (OVAA) helps you quickly
and objectively understand your organization’s readiness and capability to achieve
Tits analytic aspirations by holistically measuring your strategic clarity and alignment,
leadership effectiveness, workforce engagement, and capacity to change—all critical
components to becoming an analytical competitor, or to simply better leveraging analytics
in your business and increasing the impact of your decisions.
The OVAA is used throughout the lifecycle of an organization’s analytic efforts, including
as an up-front assessment of initial organization readiness. The results are then used to
determine which areas require focused attention—such as talent engagement, workforce
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Our professionals in Talent & Organization Performance and Analytics work with you to
gain insight into the degree of alignment between your organization’s culture and its
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successful analytical culture.

Source: http://www.accenture.com/SiteCollectionDocuments/PDF/Accenture_The_Accenture_ Organization_Value_
Analysis_for_Analytics.pdf
New ideas may come to your mind at some other time. Also, it should be noted that the
conditions in the market keep on changing fast, and new materials, new suppliers, and new
processes come into existence rapidly as a result of phenomenal technological progress taking
place at present.
A frequent and systematic review of the items already value analyzed, with advantage, may
result in further economies.

10.6 Organization for Value Analysis

Value analysis is a staff function like, for instance, Industrial Engineering, and should be organized
as much. It should be directly under a high-ranking officer from the Senior Management of an
undertaking. This is necessary because value analysis concerns all departments, and the analyst
must have access to them and to their records, performance, costs, etc. Depending upon the size
of the undertaking and its scale of operations, there can be a Central value analysis cell to
coordinate the work of individual analysts attached to the design, purchase, production, and
engineering departments. Where there is only one value analyst, he may be attached to the
Industrial Engineering Department or to the Purchase Department.

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