Marktorientiertes Kostenmanagement durch Target Costing und Product Life Cycle Costing

The development of new technologies and innovation processes lead companies to improve their processes, resulting in new products all the time. Throughout the product life cycle, a firm incurs various costs related to the activities carried out in the pre-production, production and post-production phases. The essence of strategic management tools is to optimize costs throughout the product life cycle, focusing on the different stages. Such tools include target costing, kaizen and life cycle costing

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Integrated framework for strategic cost management based on target costing, ABC, and product life-cycle in PDP: Empirical experience

Global Journal of Business Economics and Management Current Issues ◽

10.18844/gjbem.v10i1.4700 ◽

2020 ◽

Vol 10 (1) ◽

pp. 31-43

Author(s):

Maísa Martins Ferreira ◽

Selma Regina Martins Oliveira

Keyword(s):

Life Cycle ◽

Product Life Cycle ◽

Development Process ◽

Cost Management ◽

Business Management ◽

Target Costing ◽

Product Lifecycle ◽

Product Life ◽

Integrated Framework ◽

Strategic Cost Management

This study aims to contribute to the planning process on product management. To do so it presents a integrated framework based on strategic cost management, using the methods target costing, activity-based cost (ABC) based on the product lifecycle. This proposal was structured as it follows: Phase 1: determining Target Cost; Phase 2: determining ABC defrayal to the light of the defrayal based on the product lifecycle. The research was elaborated to the light of specialized literature, from which we extracted the variables to formulate the methodology. After that, to show the feasibility and plausibility of the method we applied a hypothetical case study based on the development process of a product to the light of a course/MBA in Business Management in Institution of Higher Education in Brazil. The results were satisfactory and validated the proposal suggested. The survey findings indicate that the integrated method between ABC, target costing and products lifecycle applied in MBA Business Management is quite satisfactory. Keywords: Framework, target costing, activity-based cost (ABC), costing based on product life-cycle, product development process (PDP);

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Approximate Product Life Cycle Costing Method for the Conceptual Product Design

CIRP Annals ◽

10.1016/s0007-8506(07)61551-0 ◽

2002 ◽

Vol 51 (1) ◽

pp. 421-424 ◽

Cited By ~ 13

Author(s):

J.-H. Park ◽

K.-K. Seo ◽

D. Wallace ◽

K.-I. Lee

Keyword(s):

Life Cycle ◽

Product Design ◽

Product Life Cycle ◽

Life Cycle Costing ◽

Product Life

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Life Cycle Cost Modeling of Pumps Using an Activity Based Costing Methodology

ASME 2010 10th Biennial Conference on Engineering Systems Design and Analysis, Volume 4 ◽

10.1115/esda2010-24043 ◽

2010 ◽

Author(s):

Laxman Yadu Waghmode ◽

Anil Dattatraya Sahasrabudhe

Keyword(s):

Life Cycle ◽

Life Cycle Cost ◽

Product Life Cycle ◽

Business Environment ◽

Life Cycle Costing ◽

Activity Based Costing ◽

Global Business ◽

Product Life ◽

Traditional Costing ◽

The Cost

In order to survive in today’s competitive global business environment, implementation of life cycle costing methodology with a greater emphasis on cost control could be one of the convincing approaches for the manufacturing firms. The product life cycle costing approach can help track and analyse the cost implications associated with each phase of product life cycle. Life cycle costing (LCC) practices with traditional costing methods may provide results that have a severe deviation from the real product LCC as it focuses on the cost of materials, labor and a low portion of overheads apportioned by the absorption rate to the product. Activity based costing (ABC) has emerged as one of the several innovative and more accurate costing methods in recent years. It is based on the principle that products or services consume activities and activities consume resources that generate costs. Thus, the ABC system focuses on calculating the costs incurred on performing the activities to manufacture a product. This paper presents a LCC modeling approach for estimating life cycle cost of pumps using activity based costing method. The study was conducted in a large pump manufacturing company from India that has significant global standing within its industry. Firstly, all the activities and cost drivers associated with the life cycle of a pump have been identified. A methodology for LCC analysis using ABC is then developed and it is applied to two different pumps manufactured by the same industry and the results obtained are presented.

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The Role of Green Quality Management and Product Life Cycle Costing in Achieving Competitive Advantage

International Journal of Research in Social Sciences and Humanities ◽

10.37648/ijrssh.v11i04.004 ◽

2021 ◽

Vol 11 (4) ◽

Author(s):

Durgham Ahmed Abdul Ridha ◽

Prof Dr Manal Jabbar Soror

Keyword(s):

Life Cycle ◽

Quality Management ◽

Competitive Advantage ◽

Product Life Cycle ◽

Life Cycle Costing ◽

Product Life ◽

Leadership Strategy ◽

Environmental Criteria ◽

Product Costs ◽

Cost Leadership Strategy

The principal objective of this study is to demonstrate how green quality management and product life cycle costing may help an organization gain a competitive advantage. Green quality management's influence on increasing product quality and meeting environmental criteria, as well as tracking the activities of product life cycle before, during, and after production, is demonstrated. Orienting these activities toward the production of eco-friendly products that fulfill the needs of customers, hence increasing organization's market share. We found from our study that proposed framework can help organizations improve their competitiveness. Green quality management contributes to environmental protection and the provision of high-quality products that fulfill needs and desires of green customer, enhancing product differentiation. Product life cycle costing is to determine costs of environmental activities and seek to minimize those costs, which translates to lower product costs, allowing organization to adopt a cost leadership strategy and gain a competitive advantage.

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