Cost Reduction Systems
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Cost Reduction Systems: Target Costing and Kaizen Costing

Cost Reduction Systems: Target Costing and Kaizen Costing


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About the Book

Learn how to integrate the two important cost reduction systems that have revolutionized manufacturing. Target costing is used during the development and design stage of new products. It focuses on profit realization by planning quality products in the design and review stage. Kaizen costing helps you decrease production costs for existing products. Combining the target and kaizen methods leads to a complete cost reduction system that can be applied from product inception to completion.

Table of Contents:
What is Target Costing? The Target Costing Organization Individual New Product Development Plan Long-Term Profit Plan and Corporate New Product Development Plan Merchandising Product Conceptualization and Development Plan Detailed Development Plan and Development Directive Setting Target Sales Prices Setting Target Costs for Products Plant Investment Planning Proposal Target Cost Breakdown into Cost Elements Part-Specific Breakdown of Target Costs Product design and Cost-Setting Activities Cost Estimation at the Design Stage (Using Cost Tables) Production Transfer Plan Evaluation of Target Costing Process Target Organizations in Division-Based Companies Semi-Concurrent Target Costing by Parts Companywide Approach to Parts Reduction VE: The Core of Target Costing Estimation of Direct Materials Costs Estimation of Processing Cost Rates Time Tables for Estimating Labor-Hours Process Design, Labor-Hour Estimation for New Products Role of Production Engineering Department and IE What is Kaizen Costing? Budget Formulation and Determination of Target Kaizen Activities at the Workplace Measurement and Analysis of Kaizen Costing Differentials Product-Specific Kaizen Costing Comparison of Japanese Kaizen Costing and Activity-Based Costing


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Product Details
  • ISBN-13: 9781563270680
  • Publisher: Taylor & Francis Inc
  • Publisher Imprint: Productivity Press
  • Language: English
  • No of Pages: 399
  • Sub Title: Target Costing and Kaizen Costing
  • ISBN-10: 1563270684
  • Publisher Date: 01 Jun 1995
  • Binding: Hardback
  • No of Pages: 399
  • Returnable: N
  • Weight: 726 gr


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