1997•Manufacturing EngineerRequires access
Target and Kaizen costing
Andrew Williamson
Open publisher page 27 citations
Abstract
The author describes the target and Kaizen costing concept, one of the manufacturing techniques developed in Japan. Target costing is a process ensuring that products and services are designed such that the company can sell them cheaply and still make a fair profit. Kaizen costing continues the focus on value and profitability into the manufacturing phase, both for new and existing products. Combining the two techniques provide the basis of a total cost management system, managing costs throughout a product's life.