The thinking that product cost is the output of design process is outmoded. To be successful with new products, we should know that target product cost is a very important input to the new product design process.
The following is a quote from Annual Report Toyota Motor Corporation 1992 "If Toyota does one thing better than other automakers, it is cost management. After earning a reputation for quality and fuel efficiency in the 'economy models', we moved successfully into upscale models, like the LEXUS line. But we still pride ourselves in the cost competitiveness of our products in every price stratum. The history of Toyota is a story of unceasing efforts to reduce costs."
Keeping this in view, Indian Machine Tool Manufacturers' Association (IMTMA) is organizing a 2 day programme onDesign for Target Cost through Value Engineering on 14 - 15 December 2016 at Bangalore. The training programme is aiming to show the participants as to how Japanese firms successfully use target costing methodology and three levels of value engineering (VE) to design products that have the Functionality and Quality customers demand at a Cost that allows the firms to make adequate profits when the products are sold at their target selling prices, thus building what is known as the Survival Triplet.
The dates of this programme is not yet announced. For more information please click below button.
The need for Productivity Institute
Realizing the need to enhance the skill sets of fresh engineers in mechanical engineering to make "Industry Employable" and to mould them as per the company requirements, IMTMA organizes
The rapid growth of Indian machine tool Industry and the increasing sophistication of machine tool has created the need for a new breed of machine tool technologists.