What is the meaning of target costing in Lean Production?

From a product lifecycle perspective, set cost targets that the product should achieve. Lean production consistently drives rapid enterprise growth by maximizing profits.

Time:2022-04-26

Lean Production is a method aimed at improving business operational profits by eliminating waste. During the product development phase, Lean Production establishes a target cost, which refers to the cost objective that a product should achieve from a lifecycle perspective. Lean Production consistently drives rapid business growth by maximizing profitability.

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