#14 Are You paying too much for functions Your customers don't even use? Value Analysis in Procurement

In this episode, we dive into the Value Analysis Process, a proven method for optimizing costs and maximizing functionality in business operations.Whether you're in procurement, engineering, or product design, these four steps—Gathering Data,Analyzing Functions,Developing Solutions,Assessing Ideasoffer a structured way to drive innovation and efficiency.Discussed:How to gather and analyse the right baseline data, including cost structures and competitor benchmarks.Strategies for identifying low-value functions and brainstorming alternative solutions.Techniques for prioritizing and assessing ideas using benefits vs. implementation matrices.Real-world examples of businesses transforming their operations with value analysis.Join the episode  to learn how to apply this powerful framework to your business challenges and unlock smarter ways to achieve more with less.Perfect for purchasing managers, engineers, and anyone looking to master cost-saving strategies!