Research On Cost Control Of New Product Development Project Of S Compan

With the intensification of product competition,the first issue that enterprises need to face is the control of product costs,as costs determine the viability of enterprises.The cost of new product development accounts for the main part of the life cycle cost.Once the development is completed,the relevant materials,molds,personnel and equipment are basically determined.Therefore,the cost control of new products is a key link in the product development process,and has important significance.This article takes S Company as the research object to deeply analyze and study the problems such as long cycle in the development project of new inverter products,poor information communication during the development process,and lack of evaluation on the efficiency of development funds.Mainly reflected in frequent product design changes,lack of effective evaluation of materials and molds required for production,and insufficient consideration of process routes.Then identify the causes of the problems,including unreasonable initial target cost setting,inefficient communication,weak awareness of cost control,and a lack of effective supplier cooperation and management.By summarizing work experience and consulting relevant cost control literature,using research methods such as target cost,value engineering and concurrent engineering,we have effectively improved the model of new product development and design,R&D cost delivery,resource utilization,and project implementation of S Company,thereby reducing the cycle of new product development projects,reducing the cost of new product development,and enhancing the cost competitiveness of S Company’s new products.