Conceptual framework of implementing strategic cost management and reducing costs through target costing system

Ahmed Chems eddine  Bouarar

doi:10.34118/djei.v5i1.557

Ahmed Chems eddine Bouarar University of Medea

DOI: https://doi.org/10.34118/djei.v5i1.557

Keywords: Strategic Cost Management, Target Costing, Reducing Cost

Abstract

Strategic cost management represents a respond to the need of organization to cope with changes in modern business environment, Target costing is one of the most important strategic cost management tools, which enables through it organizations to adopt cost reducing strategy which is considered to be a strategic choice that can be implemented, in order to gain competitive advantages over rivals in the marketplace.

This paper research aims to identify the concept of target costing system, along with its contribution in managing and reducing cost, as well as shed light on the basic pillars of strategic cost management and its importance in the current business environment

Downloads

Download data is not yet available.

References

Ibrahim Abd El Mageed Ali El kelety, Towards a conceptual framework for strategic cost management- the concept, objectives, and instrument-, PHD Degree, Faculty of economics Chemnitz university of technology, Germany, 2006, P-P,12-23.

Graeme Drummond, John Ensor, Ruth Ashford, Strategic marketing planning and control, second edition, Butterworth-Heinemann,Oxford, England, p 02.

Alan Walter Steiss, strategic management for public and nonprofit organizations, Marcel Dekker Inc, New York, United State of America, 2003, P 11.

Mohamed M. El- Dynasty, A framework to accomplish strategic cost management, social science research network, Electronic copy available at: http://ssrn.com/abstract=704201, P, 01.

Don R. Hansen, Maryanne M. Mowen, Cost Management Accounting and Control, Fifth Edition, Thomson south-western,Ohio, USA, P, 486.

Corina Miculescu, Marius- Nicolae Miculescu, Strategic management of costs- the main tool of competitive advantages in the current economic environment, Economic Sciences Series, issue XVIII,2012, Central and Eastern European online Library, Electronic copy available at http://fse.tibiscus.ro/anale/Lucrari2012/kssue2012_141.pdf‎ , P-P, 865-866.

Steven M. Bragg, cost reduction analysis tools and strategies, John Wiley and Sons, INC, 2010, New jersey, USA, P,28.

Patrick Fiel, Keum- Hyo Yook, Il-Woon kim, Japanese target costing: A Historical Perspective, International Journal of Strategic cost management, College of Business Administration, University of Akron, Ohio, Volume 2, Number 04 , 2004, Electronic copy available at http://www.uakron.edu/cba/cba-home/dept-cent-inst/igb/scm/back-issues.dot, P, 10.

R. A. Sabir, X. Xinping, S.A. Sabr, Using target costing to investigates competitive price, World Academy of Science, Engineering and Technology, Issue 0059, 2011, Electronic copy available at http://www.waset.org/Publications?p=59, P,632.

Alireza Azimi Sani, Mahdi Allahverdizadeh, Target and Kaizen costing, World Academy of Science, Engineering and Technology, Issue 0062, 2012, http://www.waset.org/Publications?p=62, P, 51.

Marilyn M. Helms, Lawrence P. Ettkin, Joe T, Baxter, and Matthew W.Gordon, Managerial implications of target costing, Competitiveness Review, CR Vol. 15, No. 1, 2005, P, 49.

Margaret weber, Target Costing An Intergation of strategic effort, International Journal of Strategic cost management, College of Business Administration, University of Akron, Ohio, Volume 1, Number 4, 1999, Electronic copy available at http://www.uakron.edu/cba/cba-home/dept-cent-inst/igb/scm/back-issues.dot, P-P, 34-39.

Shahid L Anasri, Jan E Bell, and the CAM-I Target cost group, Target costing the next frontier in strategic cost management, Irwin professional publishing, USA,1997,P,15.

Emhemad Omar Abusef, N,S, Rathi, Target costing and it’s in reducing the cost comparison at industrial companies, International Journal of Management (IJM), Volume 04; Issue 4, July-August, 2013, Electronic copy available at http://www.iaeme.com/Journalcureentissue.asp, P, 97.

Mahmud Hematfar, Alireza Santi, Saeid nooryan, The steps for implementing target costing, social science research network, Electronic copy available at: http://outatpapers.ssrn.com/sol3/papers.cfm?abstract_id=1455184&rec=1&srcabs=1012664&alg=1&pos=8 , P-P,3-4.

Mahdi Naqdi Bahar, Conceptual framework for launching and implementing target costing in automotive industry, International Journal of Research in IT and Management, Volume 2, Issue 6, June 2012, Electronic copy available at: http://www.euroasiapub.org/IJRIM_Volume2_Issue6.html, P, 25.