You can collect the cell contents and manipulate it with the aid of collcell. Below I've defined two column types: g and G{<len>}. The g-column gobbles its argument (eats it up and does nothing with it), while the G{<len>} column does the same but inserts a space of length <len> in the cell instead.

\documentclass{article}
\usepackage{collcell,booktabs}
\makeatletter
\newcolumntype{g}{>{\collectcell\@gobble}c<{\endcollectcell}}
\newlength{\fixedwidth}
\newcommand{\fwidth}[1]{\hspace*{\fixedwidth}}
\newcolumntype{G}[1]{>{\setlength{\fixedwidth}{#1}\collectcell\fwidth}c<{\endcollectcell}}
\makeatother
\setlength{\parindent}{0pt}% Just for this example
\begin{document}
Using column type \verb|c|:
\begin{tabular}{r c c}
\toprule
\textbf{Parameter} & \textbf{Symbol} & \textbf{Value} \\
\midrule
Saturation Magnetization & $M_s$ & 100 emu/cc \\
sd & $\sigma_{Ms}$ & 5\% \\
Anisotropy & $H_k$ & 8kOe \\
sd & $\sigma_{Hk}$ & 5\% \\
Coercive field & $H_c$ & \\
Exchange coupling & $A_x$ & 2.5e-9 erg/cm \\
sd & $\sigma_{Ax}$ & 5\% \\
\bottomrule
\end{tabular}
\bigskip
Using column type \verb|g|:
\begin{tabular}{r c g}
\toprule
\textbf{Parameter} & \textbf{Symbol} & \multicolumn{1}{c}{\textbf{Value}} \\
\midrule
Saturation Magnetization & $M_s$ & 100 emu/cc \\
sd & $\sigma_{Ms}$ & 5\% \\
Anisotropy & $H_k$ & 8kOe \\
sd & $\sigma_{Hk}$ & 5\% \\
Coercive field & $H_c$ & \\
Exchange coupling & $A_x$ & 2.5e-9 erg/cm \\
sd & $\sigma_{Ax}$ & 5\% \\
\bottomrule
\end{tabular}
\bigskip
Using column type \verb|G|:
\begin{tabular}{r c G{75pt}}
\toprule
\textbf{Parameter} & \textbf{Symbol} & \multicolumn{1}{c}{\textbf{Value}} \\
\midrule
Saturation Magnetization & $M_s$ & 100 emu/cc \\
sd & $\sigma_{Ms}$ & 5\% \\
Anisotropy & $H_k$ & 8kOe \\
sd & $\sigma_{Hk}$ & 5\% \\
Coercive field & $H_c$ & \\
Exchange coupling & $A_x$ & 2.5e-9 erg/cm \\
sd & $\sigma_{Ax}$ & 5\% \\
\bottomrule
\end{tabular}
\end{document}
G-column cells pass their entries to \fwidth which takes an argument but does nothing with it (...similar to \@gobble).
Note that the column heading is set using \multicolumn{1}{c}{..}. This is meant to override the column set in the tabular column specification, so that it isn't gobbled itself.
If you wish to delete the entire column you can use a similar method (also discussed in Easiest way to delete a column?).
\phantom{<value>}– Jul 04 '14 at 01:23