ABSTRACT
In the performance of any buying function-from shopping for groceries to procurement for a large company-the consideration of “getting the best for the money spent” is ever present. Before the term Value Analysis came into being, buyers might have effected a considerable saving in the purchase of some item wherein they may have used the VA methodology without being conscious of it. The savings were taken for granted; since this was the job they were expected to do. The successful application of formal VA/VE demonstrates the buyer’s level of professional competence. However, one of the stickiest questions in purchasing is, when can a buyer justifiably claim credit for having saved the company money?
