Abstract
The study aimed to clarify the cognitive foundations of value engineering technology and to demonstrate the role that technology can play in reducing costs and improving the value of the product in a way that makes the product of the economic unit (men’s clothing factory in Najaf) at the level of competitive products.In the theoretical aspect, the researcher relied on the data and information available in dissertations, research, and on the Internet, while the applied aspect was through cost data for the research sample (Men’s Clothing Factory in Najaf Al-Ashraf) for the year 2022.The researcher reached a set of conclusions, the most important of which was that value engineering technology provides solutions to many of the problems facing the economic unit, and aims to optimize the exploitation of economic resources, improve performance and product quality, and reduce costs to achieve competitive advantage.The researcher recommends a set of recommendations, the most important of which is that the economic unit, the research sample, should constantly communicate with customers to find out information about their desires and requirements regarding the characteristics of the products that meet these desires and requirements and conduct periodic studies and research on the market, to produce products that achieve customer satisfaction and then their loyalty. The economic unit, the research sample, is clearly interested in value engineering technology through the formation of a work team, because of its role in reducing costs and improving the product's value.
