Cost management through product design: target costing approach

Zengin, Yasemin; Ada, Erhan

doi:10.1080/00207540903130876

Cited by 55 publications

(34 citation statements)

References 15 publications

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“…This study, however, indicates that 'price evaluations' contain further information that can be used to enhance innovation with suppliers. This confirms recent findings that found that early cost and value analysis may help to build trust in the value proposition and cost impact of unfamiliar, innovative products (Anderson and Wynstra, 2010) and build the basis for a fruitful discussion about product design and functionality with suppliers (Monczka et al, 2011;Vrat, 2014;Wagner, 2008;Zengin and Ada, 2010). …”

Section: Results and Discussion: All Tactical Sourcing Levers In One supporting

confidence: 87%

“…However, this chapter presents findings confirming that 'price evaluations' contain further information that can be used to enhance innovation with suppliers. This confirms recent findings arguing for a value analysis approach in purchasing to build a fruitful basis for discussion with suppliers about the value propositions, product design and functionality of the offered concepts early on in the process (Monczka et al, 2011;Vrat, 2014;Wagner, 2008;Zengin and Ada, 2010).…”

Section: Rq14: Does the Application Of Particular Sourcing Levers Esupporting

confidence: 84%

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Tactics at the category level of purchasing and supply management: sourcing levers, contingencies and performance

Hesping¹

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Section: Results and Discussion: All Tactical Sourcing Levers In One supporting

confidence: 87%

Section: Rq14: Does the Application Of Particular Sourcing Levers Esupporting

confidence: 84%

Tactics at the category level of purchasing and supply management: sourcing levers, contingencies and performance

Hesping¹

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“…The allocation of costs to products is in-appropriate for cost control, since the manufacture of a product may consist of different operations, all of which are the responsibility of different individual. The product cost will not therefore pinpoint costs to area of responsibility, to overcome this problem, Zengin and Ada (2010) suggested that costs and revenue must be traced to individual who are responsible for their incurrence. This system is known as 'responsibility accounting'.…”

Section: Controllable and Non-controllable Costsmentioning

confidence: 99%

Cost Management Practices and Firm’s Performance of Manufacturing Organizations

Oluwagbemiga¹,

Olugbenga²,

Zaccheaus³

2014

IJEF

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This study investigates the relationship that exists between cost management practices and firm's performance in the manufacturing organizations using data from 40 manufacturing companies listed on the Nigeria stock exchange during the period of 2003 to 2012. Four hypotheses were formulated for the study and tested using t-statistic. The study relied on secondary data extracted from the audited financial statement of the selected companies. Direct material cost, direct labour cost, production overhead cost and administrative overhead cost were taken as independent cost management variables while profitability (Operating profit) was taken as dependent variable representing the firm's performance. The result indicates that a positive significant relationship exists between cost management practices and firm's performance in the manufacturing organization. It is therefore recommended that a cost reduction strategy with emphasis on production overhead cost and administrative overhead cost should be embarked upon if their profit maximization and wealth creation objective must be achieved.

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“…Other studies adopted case studies to better understand target costing practices (Cooper & Yoshikawa, 1994;Zengin & Ada, 2010) or to provide pragmatic ideas for the use of target costing (Cooper & Slagmulder, 2004;Filomena, Neto, & Duffey, 2009;Ibusuki & Kaminski, 2007;Onofrei, Hunt, Siemienczuk, Touchette, & Middleton, 2004;Ro, Liker, & Fixson, 2007).…”

Section: Empirical: Observationsmentioning

confidence: 99%

“…Integration is an important theme in these studies on target costing: cross-functional integration within the organization (Rabino, 2001;Zengin & Ada, 2010) and interorganizational toward suppliers (Liker et al, 1996;Petersen et al, 2003;Ro et al, 2007), or with customers (Hoque, Akter, & Monden, 2005;Ibusuki & Kaminski, 2007;Plank & Ferrin, 2002).…”

Section: Empirical: Observationsmentioning

confidence: 99%

Methods for Cost Management during Product Development: A Review and Comparison of Different Literatures

Wouters¹,

Morales²,

Grollmuss³

et al. 2016

Advances in Management Accounting

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If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. ABSTRACT Purpose À The paper provides an overview of research published in the innovation and operations management (IOM) literature on 15 methods for cost management in new product development, and it provides a comparison to an earlier review of the management accounting (MA) literature (Wouters & Morales, 2014). Methodology/approach À This structured literature search covers papers published in 23 journals in IOM in the period 1990À2014.Findings À The search yielded a sample of 208 unique papers with 275 results (one paper could refer to multiple cost management methods). The top 3 methods are modular design, component commonality, and Advances in Management Accounting, Volume 26, 139À274Originality/value À This review of research on methods for cost management published outside the MA literature provides an overview for MA researchers. It highlights key differences between both literatures in their research of the same cost management methods.

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Cost management through product design: target costing approach

Cited by 55 publications

References 15 publications

Tactics at the category level of purchasing and supply management: sourcing levers, contingencies and performance

Tactics at the category level of purchasing and supply management: sourcing levers, contingencies and performance

Cost Management Practices and Firm’s Performance of Manufacturing Organizations

Methods for Cost Management during Product Development: A Review and Comparison of Different Literatures

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