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....
"Definitely the book to read on target costing. Readers will learn how to combine a rigorous target costing process with desciplined value engineering to ensure aht newly launched products earn desired profits while meeting customer preferences for functionality, quality, and price. Must reading for manufacturing companies wishing to succeed in global competition."-Robert S. Kaplan, Marvin Bower Professor of Leadership Development, Harvard Business School 1
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