Modern methods of cost management in the context of product creation and flow production

the aim of the study is to identify the interaction of modern methods of cost management in the context of the creation and flow production of a product. Methods: the methods used in the presented study are economic methods of cost management, monographic method and comparison method. Findings: the study indicates the areas of interaction between target costing and kaizen costing; presents components of effective cost management and their implementation in a triple cost management system; develops a target task card for creating a prototype of a new product. Conclusions: the methods of strategic analysis target costing and kaizen costing are used at the enterprise in parallel, each method has its own niche (product design or production); the components of effective cost management are shown, which include an investment plan and target profit in long-term aspects; reducing the deviation of the estimated (at the design stage) or actual (at the production stage) from the target cost is called a target task or kaizen task; a target task card has been compiled in the creation of a prototype of a new product, according to the calculation results, the target task has been solved by 70 percent.

target costing, kaizen costing, cost management, target task, kaizen task, target costs, target profit