Track: Product Design & Development

Abstract

The current state of global business competition is resulting in an ongoing struggle for a sufficient market share, which is typically not only attained by lowering prices but is instead more successfully accomplished by continuously introducing new innovations, functions, and features at all levels in a company. But the consumers are not getting the proper value and desired functionalities from a market product. This paper is about analyzing the value of an industrial product which is a rechargeable fan. Product value is determined by comparing between systematic features and product costs. The main focus of VA is to identify and get rid of product or service features that don't really add value for the customer but add costs to the production process. In contrast to replacing the old product with a less desirable substitute, the VA method guarantees a better product or service for the consumer at a low cost. This study seeks to present a comprehensive analysis of using the TRIZ method in raising the value of a rechargeable fan. The recommendation stage explains the best alternative design for a rechargeable fan and the changes that should be made to increase the value of the product.