Decision On Cost Reduction: A Holistic View
Journal Title: Muhasebe ve Finansman Dergisi - Year 2017, Vol 19, Issue 75
Abstract
The cost reduction is a critical and highly sensitive process. The required cost reduction that generates the required target profit level by ensuring optimal quality, delivery time and price level of new products, in other words; customer oriented cost reduction, is the core element of today’s target costing. Obviously, overhead reduction is a sophisticated process when the difficulty in overhead measurement and assignment is considered. This study aims to exhibit how to determine cost reduction areas in accordance with customer requirements during manufacturing process by using Activity Based Costing, Analytical Hierarchical Process, Quality Function Deployment and Value Index using a holistic approach. The model presented in the study is flexible for all industries and the model may be used with other costing methods other than Activity Based Costing.
Authors and Affiliations
Emre Cengiz, Ayten ERSOY
Keywords
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- EP ID EP284049
- DOI 10.25095/mufad.399907
- Views 79
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