Value Analysis
Libbel Enterprises has been in business for 30 years. Last year, the company purchased Chemcraft Laboratory and entered the chemical processing business. Libbel’s controller prepared a process value analysis of the new operation and identified the following activities:
New product research
Product sales
Product bottling process
Design testing
Packaging process
Product warranty work
Materials storage
Materials inspection
Product engineering
Product curing
New product
Purchasing of direct
process
marketing
materials
Product scheduling
Product inspection
Finished goods storage
Product spoilage
Product delivery
Cleanup of processing areas
Customer follow-up
Materials delivery
Product mixing process
Identify the value-adding activities in this list, and classify them into the activity areas of the value chain. Prepare a separate list of the non-value-adding activities.
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