Cost reduction systems : target costing and kaizen costing

Abstract

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.

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