Target Cost Management and its Application in Iran’s Industry

The target costing management is a collection of methods and tools of efficient management like activity based on cost (ABC), value engineering, value cycle, Kaizen, life cycle of product that follows the purpose of decreasing cost products through design and production phase to produce customer s favorite product with desired price and ultimately distribute in the market. Several studies by Masters and PhD students in this field have been done show that the necessity of using these techniques in the organization has been felt in Iran in the recent years. Some organizations already used these techniques for achieving the above objectives and some of them have already achieved a moderate degree of successes. The current conditions of the world economic activity in the markets for commercial successes require high-quality products and services. In the new concept , the influence of these new techniques would have a great impact on the demand of customers.