Track My Order
Help Centre
Likes
My Wish ListsLogin / Join
Booktopia
Australia's local bookstore
Get Free Shipping on orders over $79
Target Costing and Value Engineering - Robin Cooper

Target Costing and Value Engineering

By: Robin Cooper, Regine Slagmulder

eText | 19 October 2017 | Edition Number 1

At a Glance

eText

$123.20

or 4 interest-free payments of $30.80 with

 or 

Instant online reading in your Booktopia eTextbook Library *

Why choose an eTextbook?

Instant Access *

Purchase and read your book immediately

Read Aloud

Listen and follow along as Bookshelf reads to you

Study Tools

Built-in study tools like highlights and more

* eTextbooks are not downloadable to your eReader or an app and can be accessed via web browsers only. You must be connected to the internet and have no technical issues with your device or browser that could prevent the eTextbook from operating.

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 90-95% 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:

  1. 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.
  2. 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 on-line with added value for your company; development costs on-line with selling prices) and added value for your customer (higher quality products that meet, possibly even exceed, customer expectations.)

on
Desktop
Tablet
Mobile

You Can Find This eBook In

Non-FictionBusiness & ManagementManagement & Management TechniquesManagement of Specific AreasProduction of Quality Control ManagementEngineering & TechnologyEnvironmental ScienceTechnology in GeneralEngineering in GeneralIndustrial Chemistry & Manufacturing TechnologiesOther Manufacturing Technologies

More in Production of Quality Control Management

This product is categorised by