Determine the cost of the product using the value stream

Abstract

In light of the rapid changes in the business environment and the increasing competition in the industrial sector, the traditional methods of cost systems are no longer useful to decision-makers, which requires the search for modern methods and techniques, The value stream one of the most prominent of these techniques, which aims to improve the cost of product and its value from Customer view, The problem of research is to answer the following questions: Does the application of the value stream contribute to providing information that gives a clear picture about product cost, The research also gained importance in being an applied research in one of the public sector companies (the General Company for Electrical and Electronic Industries), which suffers from severe competition in the market by indicating the possibility of the value stream in determine the cost of the product to provide a product that meets the customer's requirements, The research is based on the hypothesis that (The value stream will greatly contribute to determining the cost of the product and providing information that will help make decisions for a competing product), The research concluded with a set of conclusions, the most important of which was the following : ( the adoption of the method of calculating the cost of the product according to the value stream, which has an effective role in determining the cost of the product and providing information that contributes to reducing the cost and the selling price of the product).