What would happen if everyone in your company followed a disciplined approach to cost reduction? How can it be done? With smart cost management. Two powerful strategies-target costing and value engineering-will get you well on your way. You will find both in this comprehensive book, the first in a series guaranteed to increase your profits. Effective cost management must start at the design stage. As much as 90-95% of a product's costs are designed in, meaning they cannot be avoided without re-designing. 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.

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