Cost Management, Finance & Banking

Cost Reduction Strategies with ABC and Target Costing

This course will enable participants to understand and apply contemporary cost management techniques to help them get a better idea of what it costs to produce products or provide services to customers. The course will also familiarize participants with the use of Activity Based Costing (ABC) and Target Costing to support managerial decisions.

ABC recognizes that many costs are driven by non-unit level cost drivers that relate to the complexity of the organization and the diversity of products and services it offers.

Alternatively, target costing is a market-driven approach to cost management that forces managers to think about cost during the product design and development stage, when they have more opportunity to influence those costs.

Course Outlines

• Traditional Cost Systems
• Activity-Based Costing (ABC).
• Unit-level, batch-level, product-level, customer-level, and facility-sustaining activities.
• Factors contributing to ABC implementation and success.
• Activity-Based Management (ABM).
• Target Costing.

Download Brochure

For more information about this service, please fill out our request form here.