Assessment of the Use of the Value Analysis Method by Companies Quoted in the Nairobi Stock Exchange

Abstract

The study was to establish the knowledge of the use of the value analysis method by Kenyan companies by evaluating the use of the various approaches advocated for it's use. This study was able to ascertain that the process is used by most companies but at varying degrees. The various approaches to its use were evaluated and the need to enhance the use of suppliers and other departments to increase the value added to the final product was realized. The study will enhance the importance of the use of the value analysis method as a means to achieve optimal value addition in an organization's operations.