The Target Costing Approach
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The Target Costing Approach
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Author : Hendrik Vedder
language : en
Publisher: GRIN Verlag
Release Date : 2008-12
The Target Costing Approach written by Hendrik Vedder and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12 with categories.
Essay from the year 2007 in the subject Business economics - Controlling, grade: 1,3, European Business School - International University Schlo Reichartshausen Oestrich-Winkel, course: Vertiefung Controlling, 8 entries in the bibliography, language: English, abstract: Contemporary times are characterized by quick, dynamic, and continuing changes in the economy. Therefore, companies have to adapt flexibly and innovatively to these changes in order to stay competitive and cope with the increasing pressure of competition. In particular, Asian and East-European competitors gain market share by offering products of better quality than in earlier times and for lower costs. Under these conditions, costs represent a fundamental factor for the success of western companies. Accordingly, management and employees have to fully exploit the potential that cost management and reduction measures offer. However, costs are not the only buying decision criterion. Customers expect products with high quality but for a low or moderate price. Correspondingly, companies have to adjust their new product developments and production systems to market requirements. This can be achieved by the Target Costing approach, a tool that is applied in more and more companies. Therefore, the aim of this essay is to explain the goals and method of Target Costing. It starts with giving some background information about Target Costing and its historical development. Chapter three describes the goals of Target Costing. Then, the Target Costing process is explained in detail. Finally, this essay concludes by discussing that Target Costing is an effective cost management tool for developing new products according to market requirements. ...]
The Target Costing Approach
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Author : Hendrik Vedder
language : en
Publisher: GRIN Verlag
Release Date : 2008-12-09
The Target Costing Approach written by Hendrik Vedder and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-09 with Business & Economics categories.
Essay from the year 2007 in the subject Business economics - Controlling, grade: 1,3, European Business School - International University Schloß Reichartshausen Oestrich-Winkel, course: Vertiefung Controlling, language: English, abstract: Contemporary times are characterized by quick, dynamic, and continuing changes in the economy. Therefore, companies have to adapt flexibly and innovatively to these changes in order to stay competitive and cope with the increasing pressure of competition. In particular, Asian and East-European competitors gain market share by offering products of better quality than in earlier times and for lower costs. Under these conditions, costs represent a fundamental factor for the success of western companies. Accordingly, management and employees have to fully exploit the potential that cost management and reduction measures offer. However, costs are not the only buying decision criterion. Customers expect products with high quality but for a low or moderate price. Correspondingly, companies have to adjust their new product developments and production systems to market requirements. This can be achieved by the Target Costing approach, a tool that is applied in more and more companies. Therefore, the aim of this essay is to explain the goals and method of Target Costing. It starts with giving some background information about Target Costing and its historical development. Chapter three describes the goals of Target Costing. Then, the Target Costing process is explained in detail. Finally, this essay concludes by discussing that Target Costing is an effective cost management tool for developing new products according to market requirements. [...]
Target Costing
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Author : M. Bradford Clifton
language : en
Publisher: CRC Press
Release Date : 2019-02-13
Target Costing written by M. Bradford Clifton and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-02-13 with Business & Economics categories.
Compiling practical recommendations gleaned from more than 20 years of professional experience, Target Costing: Market Driven Product Design provides numerous examples from field authorities that illustrate valuable concepts and approaches employed in the application of target costing to large-scale manufacturing operations. The authors discuss set
Target Costing And Value Engineering
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Author : Robin Cooper
language : en
Publisher: Routledge
Release Date : 2017-10-19
Target Costing And Value Engineering written by Robin Cooper and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-19 with Business & Economics categories.
What would happen if everyone in your company followed a disciplined approach to cost reduction? Go ahead -- imagine it. What would it look like? How can it be done? The answer -- smart cost management. Effective cost management must start at the design stage. As much as 90-95% of a product's costs are added in the design process. That is why effective cost management programs focus on design and manufacturing. The primary cost management method to control cost during design is a combination of target costing and value engineering. Target Costing Objectives: Identify the cost at which your product must be manufactured at if it is to earn its profit margin at its expected target selling price. Break the target cost down to its component level and have your suppliers find ways to deliver the components they sell you at the set target prices while still making adequate returns. Value Engineering: The connection to function: An organized effort and team based approach to analyze the functions of goods and services that the design stage, and find ways to achieve those functions in a manner that allows the firm to meet its target costs. The result: Added value for your company (development costs on-line with added value for your company; development costs on-line with selling prices) and added value for your customer (higher quality products that meet, possibly even exceed, customer expectations.)
The Role Of Supply Management In Target Costing
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Author : Lisa M. Ellram
language : en
Publisher:
Release Date : 1999
The Role Of Supply Management In Target Costing written by Lisa M. Ellram and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.
Target Costing
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Author : Shahid L. Ansari
language : en
Publisher:
Release Date : 1997
Target Costing written by Shahid L. Ansari and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Cost control categories.
Target Costing
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Author :
language : en
Publisher:
Release Date : 1997
Target Costing written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Target costing categories.
Encyclopedia Of Production And Manufacturing Management
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Author : Paul M. Swamidass
language : en
Publisher: Springer Science & Business Media
Release Date : 2000-06-30
Encyclopedia Of Production And Manufacturing Management written by Paul M. Swamidass and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-06-30 with Business & Economics categories.
Production and manufacturing management since the 1980s has absorbed in rapid succession several new production management concepts: manufacturing strategy, focused factory, just-in-time manufacturing, concurrent engineering, total quality management, supply chain management, flexible manufacturing systems, lean production, mass customization, and more. With the increasing globalization of manufacturing, the field will continue to expand. This encyclopedia's audience includes anyone concerned with manufacturing techniques, methods, and manufacturing decisions.
Target Costing
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Author : Shahid L. Ansari
language : en
Publisher: Irwin Professional Publishing
Release Date : 1997
Target Costing written by Shahid L. Ansari and has been published by Irwin Professional Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
Target Costing: The Next Frontier in Strategic Cost Management is the one-and-only reference of its kind, providing practical insights on using target costing to build a culture of excellence in your organization. Shahid Ansari, Jan Bell and the CAM-I Target Cost Core Group focus on the details and show how this strategic management process can provide your customers with the products they want, when they want them, at a price they can afford - and still earn your firm reasonable financial returns. The CAM-I group realized target costing was critical for success in our global economy and collaborated on this landmark work. Relying on state-of-the-art practices drawn from over 80 Japanese works, global best practices and personal experience, Target Costing describes the scope, framework, process and tools for implementing a robust and integrated target costing system.
Target Costing
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Author : Péter Horváth
language : en
Publisher: B. T. Batsford Limited
Release Date : 1993
Target Costing written by Péter Horváth and has been published by B. T. Batsford Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Cost accounting categories.