Synopsis
Aerospace is very important to the Canadian economy, with over 80,000 employees; generating over $20 billion dollars in revenue. However, with the economic downturn, sales have been decreasing. Competition is growing with emerging countries entering the market, companies are struggling to stay competitive, and they are adopting various practices to deliver value to their customers. The principles of lean manufacturing strive to do just that, and while enjoying much success in production environments, lean principles have been found to be applicable in other areas of the enterprise, including accounting. This study presents the notion of target costing for new products. In comparison to traditional costing of products, where the desired profit is added to the cost required to develop the product, target costing is ‘lean’ in the sense that it puts the focus on creating value for the customer by setting the price of the product based on the cost. In this book, various types of target cost models are developed. The models are then applied to predict the cost of commodities at a major Canadian aerospace company.
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About the Author
Dr. Adil Salam, holding a PhD from Concordia University, is a Purchasing Manager at Novartis Pharmaceuticals Canada Inc. Dr. Nadia Bhuiyan, holding a PhD from McGill University, is a Professor at Concordia University. Dr. Fantahun Defersha, holding a PhD from Concordia University, is an Assistant Professor at Guelph University.
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Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -Aerospace is very important to the Canadian economy, with over 80,000 employees; generating over $20 billion dollars in revenue. However, with the economic downturn, sales have been decreasing. Competition is growing with emerging countries entering the market, companies are struggling to stay competitive, and they are adopting various practices to deliver value to their customers. The principles of lean manufacturing strive to do just that, and while enjoying much success in production environments, lean principles have been found to be applicable in other areas of the enterprise, including accounting. This study presents the notion of target costing for new products. In comparison to traditional costing of products, where the desired profit is added to the cost required to develop the product, target costing is lean in the sense that it puts the focus on creating value for the customer by setting the price of the product based on the cost. In this book, various types of target cost models are developed. The models are then applied to predict the cost of commodities at a major Canadian aerospace company. 180 pp. Englisch. Seller Inventory # 9783639716818
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Taschenbuch. Condition: Neu. Measuring Target Costs using Lean Accounting | Adil Salam (u. a.) | Taschenbuch | 180 S. | Englisch | 2015 | Scholars' Press | EAN 9783639716818 | Verantwortliche Person für die EU: preigu GmbH & Co. KG, Lengericher Landstr. 19, 49078 Osnabrück, mail[at]preigu[dot]de | Anbieter: preigu. Seller Inventory # 105001646
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Measuring Target Costs using Lean Accounting
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Taschenbuch. Condition: Neu. This item is printed on demand - Print on Demand Titel. Neuware -Aerospace is very important to the Canadian economy, with over 80,000 employees; generating over $20 billion dollars in revenue. However, with the economic downturn, sales have been decreasing. Competition is growing with emerging countries entering the market, companies are struggling to stay competitive, and they are adopting various practices to deliver value to their customers. The principles of lean manufacturing strive to do just that, and while enjoying much success in production environments, lean principles have been found to be applicable in other areas of the enterprise, including accounting. This study presents the notion of target costing for new products. In comparison to traditional costing of products, where the desired profit is added to the cost required to develop the product, target costing is 'lean' in the sense that it puts the focus on creating value for the customer by setting the price of the product based on the cost. In this book, various types of target cost models are developed. The models are then applied to predict the cost of commodities at a major Canadian aerospace company.VDM Verlag, Dudweiler Landstraße 99, 66123 Saarbrücken 180 pp. Englisch. Seller Inventory # 9783639716818
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Taschenbuch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - Aerospace is very important to the Canadian economy, with over 80,000 employees; generating over $20 billion dollars in revenue. However, with the economic downturn, sales have been decreasing. Competition is growing with emerging countries entering the market, companies are struggling to stay competitive, and they are adopting various practices to deliver value to their customers. The principles of lean manufacturing strive to do just that, and while enjoying much success in production environments, lean principles have been found to be applicable in other areas of the enterprise, including accounting. This study presents the notion of target costing for new products. In comparison to traditional costing of products, where the desired profit is added to the cost required to develop the product, target costing is lean in the sense that it puts the focus on creating value for the customer by setting the price of the product based on the cost. In this book, various types of target cost models are developed. The models are then applied to predict the cost of commodities at a major Canadian aerospace company. Seller Inventory # 9783639716818
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