Target Costing as a Strategic Cost Management Tool (Stratejik Maliyet Yonetimi Araci Olarak Hedef Maliyetleme)

Abstract

Considered in this paper is target costing, a cost management tool that helps managers cut costs. Target costing focuses on design and the entire life of a product. The objective of the method is to provide adequate profits by focusing on profit and cost planning over the entire value chain. The most difficult part of this process is making the cost improvements necessary through value engineering methods in order to achieve target cost.

Note: Downloadable document is in Turkish.

Keywords: management accounting, target costing, strategic, cost

JEL Classification: M10, M40