Operational Concepts And Techniques Of Value Analysis For Effective Control Of Costs- An Analysis Of Selected Companies

As supply chains grow more complex and intrinsic to a company’s ability to attain its business goals, they require leaders who are more diverse and multi-faceted. A significant number of shippers and 3PLs feel their current leaders don’t have what it takes to address future business challenges. Manufacturers, Shippers and 3PLs most highly value operational execution followed by people management and development skills in their leaders. Today’s supply chain leaders have been required to grow well beyond their operations backgrounds, developing a broad range of competencies in their own field of syndrome and create a basis of core competition amongst the prevailing competitors in the market The Research paper talks about the technologies being used in the manufacturing Companies in effectively delivering their product to the end user. The hurdles faced by these companies are also recorded over a period of time. Inventory & cost techniques followed by the case study companies are analyzed thoroughly and a suitable technique which saves the cost and time of these companies are shortlisted and suggested to validate the same at the end of the research paper. This paper brings the concept of target costing techniques which is being adopted by the manufacturing companies in the long run. Impact of the same is recorded and assessed at the end of the research paper by drawing suitable generalizations and conclusion