International Journal of Academic Accounting, Finance & Management Research (IJAAFMR)   Year: 2022 | Volume: 6 | Issue: 3 | Page No.: 22-33 Value Engineering Technique and Its Role on Reducing of Manufacturing Costs (Case Study: Giad Industrial Group- Sudan) Download PDF Karrar Mohamed Hassan Mohamed and Al Hedi Adam Mohamed Ibrahim Abstract: This study reviewed the impact of value engineering technique on reducing of manufacturing costs, the study aimed to explore how the Giad industrial group adopting value engineering technique. For this purpose the researchers distributed (130) questionnaires, while (105) questionnaires of them are examined as percentage of (81%). The study contribute to adding empirical evidence on the role of value engineering technique in reducing manufacturing costs. The (SPSS) used to analyze the results of the study by calculating: (means, standard deviations, Chi-Square and percentages) to testing the hypotheses of study. The study results indicated that Giad industrial group doesn't adopting value engineering technique. In addition, the adoption of value engineering technique will provide useful information for controlling and reducing manufacturing costs, which will effect positively reduce the overall manufacturing costs. Achieving the profit require to reduce overall costs. The study concludes that the major reasons behind not using value engineering technique are; due to the lack of value engineering knowledge and the management supporting is not enough in additional Giad industrial group uses absorption costing and break-even point analysis rather than value engineering. The study recommends to use value engineering technique because it is complementary technique with other costing systems.