Ladder for Global Survival & Success

Target costing when done properly will be the most effective, but by far the most difficult journey that any corporation can undertake. It will require a long-term commitment from the very top leadership of the company. Nothing less than that will work and failure will result. Japanese corporations have been engaged in target costing for over 30 years. Western world corporations need to play catch-up in this battle for global survival and success. The most time consuming, but critical aspect to target costing is the creation of cost tables. Tremendous resources are required to do this properly. The formation of a Cost Planning Department is also essential. The Advanced Value Group can assist your corporation to learn more about this most effective discipline.

Jim Rains has studied target costing for over 12 years. He has learned of this concept directly from the people that have perfected it, the Japanese. 100 percent of the Japanese corporations in heavy machinery, automotive and transportation, electronics and small machinery use value engineering and target costing extensively.