Cost Reduction Systems: Target Costing and Kaizen Costing - Hardcover

Monden, Yasuhiro

Hardcover

ISBN 10: 1563270684 ISBN 13: 9781563270680

Publisher: Productivity Press, 1995

Synopsis

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.

About this title

Synopsis

Learn how to integrate the two most important cost reduction systems. These processes have revolutionized manufacturing in Japan and the United States. Target costing is a cost management approach that applies in the development phase of the product life cycle. On the other hand, Kaizen Costing supports continued cost reduction of existing components and products during the remainder of the life cycle. Combining the Target and Kaizen methods leads to a complete cost reduction system that can be applied from product inception to completion. The book is a solid framework for cost reduction and allows your company to produce the products customers want, at the best possible price. Also discussed: Case studies of Toyota and General Motors; Product conceptualization and development; Plant investment planning; Company-wide approach to parts reduction; Estimation of direct materials costs; Comparing Japanese Kaizen Costing and activity-based costing; Development plan and development directive.

Edition details

• Publisher: Productivity Press
• Publication date: 1995
• Language: English
• ISBN 10: 1563270684
• ISBN 13: 9781563270680
• Binding: Hardcover
• Edition number: 1
• Number of pages: 399