Target Costing - Efficient and innovative from the start

Determine, structure and implement target costs

For managers of medium sized production operations, leading employees from the areas of controlling, purchase, development, production and sales, heads of development projects, project purchasers and supplier technical assistants.

Why attend this seminar

The increasing price pressure and efforts to maximise profits in the industry require innovative products to be introduced and the consistent implementation of possible saving potentials in order to be internationally competitive - now and in the future. In order to achieve this, company structures and processes are needed which convey effective cooperation in all areas and in fact from the beginning: from the product ideas right up to readiness for production.

This cooperation should not end at the factory gates, but must be an active part of the added value chain. Target Costing is a method for early integration of suppliers in order to recognize, evaluate and open up possible potential holistically through partnership behaviour.

The global demand for cost reduction leads way too much to higher total costs in the long term, e.g. due to quality problems, task force activities and lack of process security.

Benefits for your work, what you will learn and keep in mind

1. You will learn systematic procedures for achievement of target costs in order to introduce an efficient target costing.
2. You compile analyses and implementation strategies in a team and get to know pragmatic „tools“.
3. You will increase your methodical knowledge and receive an important building block on the way to efficient cost management and innovative products.