A WORKSHOP TO TEACH THE VALUE ANALYSIS PROCESS

摘要

Today's global competition pressures companies to reduce costs and increase product performance. Past practices of "getting the product to market and then taking cost out" are no longer sustainable. Getting the cost right and creating the desired margin (i.e., target costing) is much more effective when done at the design stage of new product development, and value analysis plays an essential role in this process. The purpose of this article is to provide organizations with a framework for teaching value analysis. The workshop described takes an interactive approach, using passenger vehicles to depict the application of value analysis.