Our core competence in cost engineering lies in Should Costing. "Should Cost" is the optimum cost a product "should" incur to a company considering the best available manufacturing & regional processes. It identifies all significant cost drivers and provides "Cost Insight" for essential decisions during sourcing and manufacturing. These insights comprise of material, process, assembly and overheads cost.
Gain control over product costs from the start. Our cost engineering expertise helps you optimize performance, reduce waste, and stay on budget without compromising quality.
Assessing true cost of products requires detailed due diligence of material cost, manufacturing processes, and logistics and delivery costs. This information along with the willingness of the market to pay on top as profit defines the true cost of the product. Cost optimization can serve as a tool in negotiation, measure cost saving potentials, help with complex decisions and improve productivity.
Should Cost is a powerful fact-based negotiation tool. When used by the right experts, it uncovers information that can potentially save millions of dollars. Through our experience, we have seen that the initial quote provided by the supplier typically is substantially higher.
Our experts provide detailed “Should Cost” analysis to our clients that help them realize potential savings opportunity. With this leverage on their side, our clients go into supplier meetings with holistic and granular information to engage in fact-based negotiations.
The process starts with a sourcing request that provides key geometry details (CAD, drawings, specifications) to understand part complexity. Engineers then select the best manufacturing method and build cost models covering material, labor, overhead, and tooling. These models become benchmarks for supplier negotiations, helping teams evaluate quotes objectively and negotiate confidently. The process ends with final cost approval once supplier pricing aligns with the should-cost analysis, ensuring fair and transparent market pricing.
Compare your current costs against industry standards and best-in-class performers to identify savings opportunities and competitive gaps. Our comprehensive benchmarking analysis reveals where you're overpaying and provides actionable insights to optimize your procurement strategy.
Systematically analyze your products and processes to eliminate unnecessary costs while maintaining or improving functionality and quality. Our value engineering approach identifies design modifications and alternative solutions that can reduce costs by 15-30% without compromising performance.
Learn MoreLearn More about Value Engineering
Develop fact-based cost models that reveal the true theoretical cost of your components, giving you powerful negotiation leverage with suppliers. Armed with detailed should-cost analysis, you can confidently challenge supplier quotes and achieve fair market pricing based on transparent cost breakdowns.
Compare your current costs against industry standards and best-in-class performers to identify savings opportunities and competitive gaps. Our comprehensive benchmarking analysis reveals where you're overpaying and provides actionable insights to optimize your procurement strategy.
Systematically analyze your products and processes to eliminate unnecessary costs while maintaining or improving functionality and quality. Our value engineering approach identifies design modifications and alternative solutions that can reduce costs by 15-30% without compromising performance.
Learn MoreLearn More about Value EngineeringDevelop fact-based cost models that reveal the true theoretical cost of your components, giving you powerful negotiation leverage with suppliers. Armed with detailed should-cost analysis, you can confidently challenge supplier quotes and achieve fair market pricing based on transparent cost breakdowns.
Compare your current costs against industry standards and best-in-class performers to identify savings opportunities and competitive gaps. Our comprehensive benchmarking analysis reveals where you're overpaying and provides actionable insights to optimize your procurement strategy.
Systematically analyze your products and processes to eliminate unnecessary costs while maintaining or improving functionality and quality. Our value engineering approach identifies design modifications and alternative solutions that can reduce costs by 15-30% without compromising performance.
Learn MoreLearn More about Value EngineeringDevelop fact-based cost models that reveal the true theoretical cost of your components, giving you powerful negotiation leverage with suppliers. Armed with detailed should-cost analysis, you can confidently challenge supplier quotes and achieve fair market pricing based on transparent cost breakdowns.
Review Spend Analysis of purchasing across all regions. Identify high spend items and create MIS reports. Provide assistance to achieve cost reduction targets set by management.
Generate ideas and suggestions for reducing cost of components. Optimize overall product cost.
Evaluate suppliers based on selection criteria. Provide sourcing support from low-cost countries (LCC). Develop cost models for specific suppliers.
Provide cost insights at design stage. Compare “should cost” for various design options. Benchmark competitors product cost through teardown and “should cost” analysis.
Should cost analysis of parts sourced in various geographies. Negotiate with suppliers to close the expectation gap. Analyze cost impact due to material change.
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"Goken’s internal processes and pre-engagement activities have saved me months of man-hours."
"We like Goken because their associates are good at solving problems. They are usually first call when the real head-scratchers show up."
"I have worked with Goken through various automotive OEMs in the past and Goken's agility, quality, and ease to work with remain consistent throughout every experience. Their training program & engineering methods for new associates allows them to hit the ground running without burdening myself or my team. I am always at ease and confident in the results I will get when working with them."
"Goken has provided us Engineering Liaison support located in Japan at a Japanese automotive OEM we work with. Their global presence has allowed us to enhance our communication with the OEM to increase our design quality by capturing part feasibility issues ahead of design release and also decrease our need to travel overseas to provide support to our customer."
"Goken has supported us in Automotive Chassis development for a couple of Terrafugia's sub-systems in one of our upcoming vehicles. They developed the subsystems primarily from their Tech Center in Dublin, Ohio, and traveled to our facility in Massachusetts to coordinate prototype builds and assist in test setups as needed. Their automotive know-how allowed us to focus on the design of other vehicle systems and meeting FAA requirements, thereby increasing our efficiency to meet the aggressive vehicle development timeline."
"Goken supported our North American development efforts by helping create engineering development tools which determined bolted joint torque settings and suspension tunable characteristics. Their flexible business models allowed us to make cost-effective, real-time decisions which in turn helped speed up our local development flow."
"Goken America has provided engineering support for several of our projects during design/development phase. Their unique in-house expertise & capabilities for several Asian OEMs has been of real value. Their individualized solutions for customer needs helps in navigating through the complexities and achieve best possible results."
"Goken provides a career, not an assignment. I have had an engineer finish my assignment and move to another job but stay with Goken. A few years later the same engineer came back to me with more experience. He remembered all of our methods and immediately fit in with the team."
"We like Goken because their associates are good at solving problems. They are usually first call when the real head-scratchers show up."
"Goken’s internal processes and pre-engagement activities have saved me months of man-hours."
"We like Goken because their associates are good at solving problems. They are usually first call when the real head-scratchers show up."
"I have worked with Goken through various automotive OEMs in the past and Goken's agility, quality, and ease to work with remain consistent throughout every experience. Their training program & engineering methods for new associates allows them to hit the ground running without burdening myself or my team. I am always at ease and confident in the results I will get when working with them."
"Goken has provided us Engineering Liaison support located in Japan at a Japanese automotive OEM we work with. Their global presence has allowed us to enhance our communication with the OEM to increase our design quality by capturing part feasibility issues ahead of design release and also decrease our need to travel overseas to provide support to our customer."
"Goken has supported us in Automotive Chassis development for a couple of Terrafugia's sub-systems in one of our upcoming vehicles. They developed the subsystems primarily from their Tech Center in Dublin, Ohio, and traveled to our facility in Massachusetts to coordinate prototype builds and assist in test setups as needed. Their automotive know-how allowed us to focus on the design of other vehicle systems and meeting FAA requirements, thereby increasing our efficiency to meet the aggressive vehicle development timeline."
"Goken supported our North American development efforts by helping create engineering development tools which determined bolted joint torque settings and suspension tunable characteristics. Their flexible business models allowed us to make cost-effective, real-time decisions which in turn helped speed up our local development flow."
"Goken America has provided engineering support for several of our projects during design/development phase. Their unique in-house expertise & capabilities for several Asian OEMs has been of real value. Their individualized solutions for customer needs helps in navigating through the complexities and achieve best possible results."
"Goken provides a career, not an assignment. I have had an engineer finish my assignment and move to another job but stay with Goken. A few years later the same engineer came back to me with more experience. He remembered all of our methods and immediately fit in with the team."
"We like Goken because their associates are good at solving problems. They are usually first call when the real head-scratchers show up."
