Target Costing as A Strategic Tool  

Oleh:

Shank, John K. ; Fisher, Joseph

Jenis: Article from Bulletin/Magazine - ilmiah internasional
Dalam koleksi: Sloan: Management Review vol. 41 no. 1 (1999), page 73-82.
Topik: costing; target costing; strategic tool

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS27.2 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Faced with increasing global competition, many firms are finding that price - based or target costing is emerging as a key strategic tool. The target cost is a financial goal for the full cost of a product, derived from estimates of selling price and desired profit (which top management sets on the basis of firm strategy and financial goals). Product selling price is constrained by the marketplace and is determined by analysis along the entire industry value chain and across all functions in a firm. Common to most target - cost applications is a belief that large - scale cost planning and reduction must occur early in the product life cycle. However, Shank and Fisher believe there is no conceptual reason the methodology cannot be a value - added exercise applied to existing products during manufacturing. They posit that if managers were to believe that, during manufacturing, only incremental (i. e., slight) change is possible (through kaizen costing or controlling costs with standard -cost systems), firms would likely miss significant strategic opportunities.

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