Implementing Value Engineering based on a multidimensional quality-oriented control calculus within a Target Costing and Target Pricing approach

2017 ◽  
Vol 183 ◽  
pp. 146-158 ◽  
Author(s):  
Stefan Bock ◽  
Markus Pütz
Keyword(s):  
Value Engineering ◽  
Target Costing

scholarly journals Extent of Implementing Target Costing and Value Engineering Approach to Reducing Costs: A Survey in Jordanian Shareholding Companies for Food Industries

2018 ◽  
Vol 10 (1) ◽  
pp. 390 ◽  
Author(s):  
Suleiman El-Dalahmeh
Keyword(s):  
Response Rate ◽  
Engineering Application ◽  
Value Engineering ◽  
Target Costing ◽  
Food Industries ◽  
Engineering Approach ◽  
Target Cost ◽  
Expected Benefits ◽  
Reducing Costs ◽  
Basic Hypothesis

This Study aims at identifying the extent of implementing Target Costing and Value Engineering approach to reducing costs of Jordanian public shareholding companies for food industries. To achieve the study objectives, the researcher distributed personally a questionnaire to a random sample of (145) accountants in the Hashemite kingdom of Jordan. (100) questionnaires were returned. The response rate was 69%. In addition, the survey sought to verify the five basic hypothesis of the study. In order to analysis the data, the researcher used means, standard deviations and T-test. The results of the survey revealed that availability of the components of application of target cost, as well as companies have awareness, concepts, principles and the importance of applying target costs to managing costs so as to improve profitability, and the companies are using value engineering to achieve a cost to reach the target costs. The results also showed that there were some difficulties to hinder the application of target costs and value engineering in Jordanian shareholding companies for food industries. The most important difficulties were: The lack of sufficient knowledge to manage the company on how to implement the target cost and value engineering. The lack of research and publication related to the benefits target cost and value engineering. Application costs greater than the expected benefits.

scholarly journals ANALISIS PENERAPAN TARGET COSTING SEBAGAI SISTEM PENGENDALIAN BIAYA PRODUKSI PADA CV.VEREL TRI PUTRA MANDIRI

2018 ◽  
Vol 14 (1) ◽  
Author(s):  
Anggreini Merry Sumakul ◽  
Hendrik Manossoh ◽  
Lidia M. Mawikere
Keyword(s):  
Production Cost ◽  
Good Method ◽  
Value Engineering ◽  
Target Costing ◽  
Better Than

Target costing method is one of the good method which used in efforts to decrease cost production. With the efficiency of production cost, the profit in the company then will increase. There are 3 stages to derect the implementation of target costing which are to calculate the production cost based on the company’s calculate, to execute value engineering and aply it unto the calculate of production cost. This study aims to determine does the impelementation of target costing is effecting enough as one of the effortsto controlling the production cost in CV.Verel Tri Putra Mandiri. The result shows that with the implementing target costing in CV.Verel Tri Putra Mandiri on controlling to awards cost production is proved to be better than with the method the company’s used all this time. Therefore, the conclusion for this research is that the company’s should using the target costing method in order to make the production cost be more efficient and so the profit or again which company’s eager to achive will be more likely to succed.Keyword : Target Costing

Cost Management Method with Value Engineering

2012 ◽  
Vol 433-440 ◽  
pp. 2114-2119
Author(s):  
Xiao Yong Li ◽  
Kang Xu ◽  
Li Jun Cao ◽  
Si Yuan Wang
Keyword(s):  
Cost Control ◽  
Cost Management ◽  
Control Process ◽  
Core Competency ◽  
Current Theory ◽  
Economic Benefits ◽  
Theory And Practice ◽  
Value Engineering ◽  
Target Costing ◽  
The Cost

The use of value engineering in China has grown significantly in the last twenty years. With keen competition in construction market, the cost control is the key measure to increase the economic benefits in the company and enhance the core competency of enterprises. This paper makes a holistic appraisal of value engineering as used in Chinese construction industry by investigating current theory and practice. It evaluates value engineering projects. This research suggests a methodology for the cost control process in construction enterprise, aiming at the correct systematic approach of Value Engineering and target-costing in cost management. The value engineering and target-costing are complementary processes. This proposed approach was validated in a case study, aiming at improved product cost, functionality and quality accomplishment, in accordance with customer needs and the company strategy.

Target Costing and Value Engineering

2017 ◽  
Author(s):  
Robin Cooper ◽  
Regine Slagmulder
Keyword(s):  
Value Engineering ◽  
Target Costing
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