Search Results for: Target Costing

Target Costing and Value Engineering

Target Costing and Value Engineering

Author: Robin Cooper

Publisher: Routledge

ISBN: 9781351411776

Category: Business & Economics

Page: 359

View: 146

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.)

Handbook of Management Accounting Research

Handbook of Management Accounting Research

Author: Christopher S. Chapman

Publisher: Elsevier

ISBN: 9780080467566

Category: Business & Economics

Page: 742

View: 457

Volume two of the Handbooks of Management Accounting Research consists of two groups of chapters. The first draw together research that has focussed on particular management accounting practices. The second set synthesise contributions to the literature that have been focussed within particular organisational contexts. Volume two concludes with a review of research on how management accounting practice and research varies around the world. Special pricing available if purchased as a set with Volume 1. Documents the scholarly management accounting literature Publishing both in print, and online through Science Direct International in scope

The Target Costing Approach

The Target Costing Approach

Author: Hendrik Vedder

Publisher: GRIN Verlag

ISBN: 9783640230365

Category:

Page: 40

View: 993

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, 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. [...]"

Health Care Administration

Health Care Administration

Author: Lawrence F. Wolper

Publisher: Jones & Bartlett Learning

ISBN: 0763731447

Category: Medical

Page: 994

View: 352

Health Care Administration continues to be the definitive guide to contemporary health administration and is a must-have reference for students and professionals. This classic text provides comprehensive coverage of detailed functional, technical, and organizational matters.

Handbook of Cost Management

Handbook of Cost Management

Author: Roman L. Weil

Publisher: John Wiley & Sons

ISBN: 9780471722632

Category: Business & Economics

Page: 896

View: 740

Handbook of Cost Management, Second Edition covers all of the essential topics in cost management and accounting. It includes conventional topics, such as job costing and cost allocation, as well as such current topics as balanced scorecard, economic value added, logistics and marketing cost, theory of constraints, inter-organizational costing, and the cost of quality.

Cost & Effect

Cost & Effect

Author: ROBERT S AUTOR KAPLAN

Publisher: Harvard Business Press

ISBN: 0875847889

Category: Business & Economics

Page: 357

View: 823

Describes a system of corporate financial planning and analysis founded on activity-based costing

Cost Management in Supply Chains

Cost Management in Supply Chains

Author: Stefan Seuring

Publisher: Springer Science & Business Media

ISBN: 9783662113776

Category: Business & Economics

Page: 435

View: 391

Supply Chain Management and Cost Management are important developments helping companies to respond to increased global competition and demanding customer needs. Within the 23 chapters of the book, more than 35 authors provide insights into new concepts for cost control in supply chains. The frameworks presented are illustrated with case studies from the automotive, textile, white goods, and transportation industry as well as from retailing. Academics will benefit from the wide range of approaches presented, while practitioners will learn from the examples how their own company and the supply chains which they compete in, can be brought to lower costs and better performance.

When Lean Enterprises Collide

When Lean Enterprises Collide

Author: Robin Cooper

Publisher: Harvard Business Press

ISBN: 0875845401

Category: Business & Economics

Page: 379

View: 777

Describes how increased competition will necessitate shrewd management of cost, quality, and functionality, and looks at the cases of twenty successful Japanese companies

Managerial Accounting

Managerial Accounting

Author: Jerry J. Weygandt

Publisher: John Wiley & Sons

ISBN: 9780470477144

Category: Business & Economics

Page: 768

View: 303

Many corporate managers struggle to see the relevance of accounting in their everyday responsibilities. Weygandt shows them how managerial accounting information fits in the larger context of business so they are better able to understand the important concepts. The new Do It! feature reinforces the basics by providing quick-hitting examples of brief exercises. The chapters also incorporate the All About You (AAY) feature as well as the Accounting Across the Organization (AAO) boxes that highlight the impact of accounting concepts. With these features, readers will have numerous opportunities to think about what they have just read and then apply that knowledge to sample problems.

Management Accounting for Decision Makers

Management Accounting for Decision Makers

Author: Peter Atrill

Publisher: Pearson Education

ISBN: 0273710443

Category: Decision making

Page: 506

View: 147

This text is an introductory course in management accounting for those seeking an understanding of basic principles and underlying concepts without detailed technical knowledge. It has a strong practical emphasis, with plenty of examples taken from the real world as well as numerical examples with step-by-step explanations.