Industrial Engineering and Production Management
The disadvantage of product layout is

Production time is longer, requiring more goods in inventory
High initial investment for the specialized facilities
Skilled labour to operate machines
High cost of inspection

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Industrial Engineering and Production Management
Value engineering aims at finding out the

Break-even point when machine requires change
Depreciation value of a product
Major function of the item and accomplishing the same at least cost without change in quality
Resale value of a product

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