Education, Science, Technology, Innovation and Life
Open Access
Sign In

Application of Target Cost Management in Enterprise Economic Management

Download as PDF

DOI: 10.23977/GEFHR2020.048

Author(s)

Dayu Chen

Corresponding Author

Dayu Chen

ABSTRACT

In the fierce market competition, the cost advantage of enterprises is a very important competitiveness. Therefore, every enterprise should choose a cost management scheme suitable for its own enterprise according to the actual situation of the enterprise. Target cost management can effectively control costs, optimize business processes, and improve the market competitiveness of enterprises. Fistly, this paper analyzes the value of target cost management in the economic management activities of enterprises, and then summarizes the implementation process of target cost management. Finally, combined business activities with cost management, this paper elaborates how to use various cost control methods to achieve target cost management in product design, procurement, inventory, production and sales stage.

KEYWORDS

Target cost, Cost management, Economic management

All published work is licensed under a Creative Commons Attribution 4.0 International License.

Copyright © 2016 - 2031 Clausius Scientific Press Inc. All Rights Reserved.