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Follow on Google News | The Importance of Value Engineering and Obsolescence ManagementBy: ACL Digital Manufacturing companies must embrace continuous innovation in the rapidly shrinking product lifecycles and the need for cost-effectiveness. It involves dealing with rising costs and thus requires adopting a methodology that optimizes R&D spending. In addition, delivering localized products is a necessity when targeting emerging markets. A product's function is the specific task it was created to perform, while its cost refers to the expenses incurred during its entire life cycle. The function-to- https://www.acldigital.com/ End
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