TY - JFULL AU - Alireza Azimi Sani and Mahdi Allahverdizadeh PY - 2012/3/ TI - Target and Kaizen Costing T2 - International Journal of Mechanical and Industrial Engineering SP - 170 EP - 177 VL - 6 SN - 1307-6892 UR - https://publications.waset.org/pdf/11016 PU - World Academy of Science, Engineering and Technology NX - Open Science Index 62, 2012 N2 - increased competition and increased costs of designing made it important for the firms to identify the right products and the right methods for manufacturing the products. Firms should focus on customers and identify customer demands directly to design the right products. Several management methods and techniques that are currently available improve one or more functions or processes in an industry and do not take the complete product life cycle into consideration. On the other hand target costing is a method / philosophy that takes financial, manufacturing and customer aspects into consideration during designing phase and helps firms in making product design decisions to increase the profit / value of the company. It uses various techniques to identify customer demands, to decrease costs of manufacturing and finally to achieve strategic goals. Target Costing forms an integral part of total product design / redesign based on strategic plans. ER -