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 Technolution, we are experienced facilitating VAVE events in MedTech and Pharma companies. A key part of this process is communicating face to face with relevant stakeholders in the spirit of Go Gemba, meeting with e.g. production specialists to gain important knowledge about production challenges related to the product.