Value Analysis, Value Engineering and Value Management in Global Competition

Abstract

Cost analysis is a method to enhance the costs efficiency by evaluating the corporate profitability. In today business environment of global competition, war pressures, new markets and demographics, firms are changing their approach to cost control. In fact, the strategic cost analysis provides useful information for the short and long-term decision-making in order to achieve the growth corporate goals. In the current phase of global competition (Global Shortage Management) corporations must adapt their strategic cost analysis (Value Analysis, Value Engineering or Value Management) to specific competitive policies adopted in certain markets, which may concern 'Planned Obsolescence', 'Total Quality Management (TQM)' or 'Zero Defects Productions' objectives