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DESCRIPTION
Target Costing is a proactive Cost Planning, Cost Management, and Cost Reduction practice. Costs are planned and managed out of a product and business early in product life-cycle, rather than during the later stages.
Target Costing is an organized process to determine the cost at which a proposed product must be developed so as to generate profits at the product's anticipated selling price in future.
This presentation provides a detailed overview of the Target Costing Process and its 3 key phases:
1. Market-Driven Target Costing
2. Product-Level Target Costing
3. Component-Level Target Costing
This deck also deliberates on the key features and advantages of Target Costing, the factors influencing the approach, and its applications in various industries. Target Costing is a superior approach to Cost Reduction and Control.
The slide deck also includes some slide templates for you to use in your own business presentations.
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Source: Best Practices in Cost Reduction, Cost Management, Cost Analysis PowerPoint Slides: Target Costing PowerPoint (PPTX) Presentation, LearnPPT Consulting
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OVERVIEW
ABOUT THE AUTHOR
We are a team of management consultants trained by top tier global consulting firms (including McKinsey, BCG, Deloitte, EY, Capgemini) with a collective experience of several decades. We specialize in business frameworks based on real-life consulting engagements.
We have served 100s of clients that range from Fortune 500 companies to tech startups to $1B+ private companies.
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