McGill University credits General Electric with developing value analysis, also known as value engineering, as a practice during the late 1940s. Value analysis is a methodical approach to sharpening ...

Tasked with driving innovation and improving quality while simultaneously controlling costs, healthcare leaders are in an incredibly difficult position. As healthcare costs continue to rise, these ...

The hospital value analysis process for medical devices is evolving to include more formalized committees, more sophisticated metrics, and a greater influence on the procurement process. These changes ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Value engineering is defined by the Chartered Institute of Management Accountants as the functional analysis and redesign of products and services to provide value to the customer. Value engineering ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Value chain analysis is a tool that business owners ...

With the new year quickly approaching, now is the time to reflect on both progress made in 2015 and where improvements are still needed. This reflection requires evaluating your strategies, processes, ...