Title
Target Costing and Value Engineering (Strategies in Confrontational Cost Management),Used
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What would happen if everyone in your company followed a disciplined approach to cost reduction? Go ahead imagine it. What would it look like? How can it be done?The answer smart cost management.Effective cost management must start at the design stage. As much as 9095% of a product's costs are added in the design process. That is why effective cost management programs focus on design and manufacturing. The primary cost management method to control cost during design is a combination of target costing and value engineering.Target Costing Objectives: Identify the cost at which your product must be manufactured at if it is to earn its profit margin at its expected target selling price. Break the target cost down to its component level and have your suppliers find ways to deliver the components they sell you at the set target prices while still making adequate returns.Value Engineering:The connection to function: An organized effort and team based approach to analyze the functions of goods and services that the design stage, and find ways to achieve those functions in a manner that allows the firm to meet its target costs.The result: Added value for your company (development costs online with added value for your company; development costs online with selling prices) and added value for your customer (higher quality products that meet, possibly even exceed, customer expectations.)
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: What is the page count of this book? A: This book has three hundred seventy-nine pages. It provides comprehensive insights into target costing and value engineering.
- Q: What type of binding does this book have? A: This book is bound in hardcover. The hardcover format offers durability and a professional appearance.
- Q: Who is the author of this book? A: The author of this book is Robin Cooper. He is known for his expertise in cost management strategies.
- Q: What is the size of this book? A: The book measures six point two two inches in length, one point one four inches in width, and nine point six inches in height. These dimensions make it a convenient size for reading.
- Q: What category does this book belong to? A: This book falls under the category of Environmental Economics. It focuses on cost management strategies in that field.
- Q: How can I effectively use the strategies in this book? A: You can apply the strategies by implementing target costing and value engineering in your design processes. This approach helps control costs while enhancing product value.
- Q: Is this book suitable for beginners in cost management? A: Yes, this book is suitable for beginners. It provides foundational knowledge on effective cost management practices.
- Q: What is the main focus of the book's content? A: The main focus is on smart cost management through target costing and value engineering. It emphasizes cost reduction from the design stage.
- Q: Can this book help with manufacturing cost management? A: Yes, this book offers insights into managing manufacturing costs effectively. It provides strategies to optimize costs during the design phase.
- Q: What should I do if the book is damaged upon arrival? A: If the book arrives damaged, you should contact the seller for a return or exchange. Most sellers have policies in place for damaged items.
- Q: Is there a warranty for this book? A: No, books typically do not come with a warranty. However, you can inquire about return policies from the seller.
- Q: How do I care for this hardcover book? A: To care for the book, keep it in a dry place and avoid exposure to direct sunlight. This will help preserve its condition over time.
- Q: What if I don't understand the concepts in the book? A: If you find the concepts difficult, consider seeking supplementary materials or online resources. Discussion forums can also provide additional insights.
- Q: Can I highlight or write in this book? A: Yes, you can highlight or write in this book if it’s your personal copy. Many readers find this helpful for study and reference.
- Q: Is this book available in digital format? A: Availability may vary, but many books are offered in digital formats. Check with the publisher or major online retailers.