Open AccessTARGET COSTING SUITABILITY FOR IMPROVEMENTS OF LEAN SUPPLY CHAINS
Author(s) -
Bojaovićević Čečević,
Ljilja Antić
Publication year - 2021
Publication title -
facta universitatis. series: economics and organization
Language(s) - English
Resource type - Journals
eISSN - 2406-050X
pISSN - 0354-4699
DOI - 10.22190/fueo210123014n
Subject(s) - competitor analysis , activity based costing , process management , supply chain , target costing , business , product (mathematics) , point (geometry) , quality (philosophy) , key (lock) , competitive advantage , computer science , marketing , philosophy , geometry , mathematics , computer security , epistemology
Competitive advantage can be seen as the superiority of some market participants to properly use resources and utilize key competencies to deliver greater value than competitors, without compromising product quality and functionality. In that sense, accounting, especially management accounting, successfully responds to managers’ needs for information that will be their adequate support in strategy implementation. Lean concept and target costing are just some of the concepts whose strategic orientation can be a good support to managers. The aim of this paper is to point out the similarities and differences between lean concept and target costing and to show on a practical example how these concepts bring business improvements in supply chain.