Journal
INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
Volume 105, Issue 2, Pages 459-474Publisher
ELSEVIER
DOI: 10.1016/j.ijpe.2005.08.009
Keywords
value engineering; target-costing; cost management; cost reduction; product development
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This research suggests a methodology for the product development process in an automotive company, aiming at the correct systematic approach of Value Engineering (VE) and target-costing in cost management. VE and target-costing are complementary processes, because while one allows the identification of where cost reduction could be achieved, the other shows the target to be achieved to guarantee the long-term profitability plan of a company. In order to do that, work plans were developed, with the application of the VE methodology at three subsequent stages: concept, project and validation. This proposed approach was validated in a case study focused on the engine-starter system of a vehicle, aiming at improved product cost, functionality and quality accomplishment, in accordance with customer needs and the company strategy. (c) 2006 Elsevier B.V. All rights reserved.
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