The supply chain disruptions that characterize the COVID-19 pandemic can wreak havoc with profitability. As sources of supply constantly shift, it’s difficult for the product engineers, cost ...

The plant-wide costing method assesses your entire business overhead when determining product prices. While this method is simple, it is recommended only for companies that produce a single product or ...

Early-stage 'should-cost' estimating helps engineers select the most effective materials and manufacturing processes for new parts. Up to 80% of the cost of a new part is locked in during the early ...

In this article, activity-based costing, an approach that has proved to be an improvement over the conventional costing system in product costing, is introduced. By combining activity-based costing ...

Target costing is a reverse process where companies compare the potential intended benefits of a product or solution with the optimal market price. Once an idea price point is established, you set an ...

This is a preview. Log in through your library . Abstract This paper investigates how self-optimizing engineers affect new product development (NPD) project outcomes and development times. A variety ...