Title
Target Costing and Value Engineering (Strategies in Confrontational Cost Management),Used
Processing time: 1-3 days
US Orders Ships in: 3-5 days
International Orders Ships in: 8-12 days
Return Policy: 15-days return on defective items
Payment Option
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 main focus of 'Target Costing and Value Engineering'? A: The book primarily focuses on smart cost management strategies that begin at the design stage, emphasizing the importance of target costing and value engineering to control costs effectively and enhance product value.
- Q: Who is the author of this book? A: The author of 'Target Costing and Value Engineering' is Robin Cooper.
- Q: What are the key objectives of target costing? A: The key objectives of target costing include identifying the cost at which a product must be manufactured to achieve its profit margin, breaking down the target cost to its component level, and collaborating with suppliers to meet these target prices while ensuring their profitability.
- Q: How does value engineering contribute to cost management? A: Value engineering contributes to cost management by analyzing the functions of goods and services during the design stage, enabling firms to achieve necessary functions while meeting target costs, thus adding value for both the company and the customer.
- Q: What type of binding does this book have? A: This book is available in hardcover binding.
- Q: What is the publication date of 'Target Costing and Value Engineering'? A: The book was published on May 31, 1997.
- Q: How many pages does the book contain? A: The book contains a total of 379 pages.
- Q: Is this book suitable for beginners in cost management? A: Yes, 'Target Costing and Value Engineering' is suitable for beginners as it provides foundational knowledge on cost management strategies, making complex concepts accessible.
- Q: What category does this book fall under? A: The book falls under the category of Environmental Economics.
- Q: What can readers expect to learn from this book? A: Readers can expect to learn effective cost management techniques, the principles of target costing and value engineering, and how to apply these methods to enhance product value and meet customer expectations.