Maintaining the overall equipment effectiveness based on evaluation phase of value engineering [ ]

Today many industries are challenging together in competition. In industry the final product should be manufactured with desired and several should possess the several features with least cost so that the customer can be satisfied by its value. This can be achieved if there are minimization of equipment failure and reduction of defect both can be done by maintaining the overall equipment effectiveness(OEE).There are evaluation phase of value engineering method which will be beneficial for improvement of OEE. The Cost and quality can be optimized by maintaining the OEE in these scenario we gave the value engineering process with the supporting tool i.e. Just-In-Time(JIT) and Plan-do-check-act(PDCA) And the technique has been applied in a process industry in Jharkhand in India.