Target Costing - Make Money on Job #1

Mark discusses building profitability into the design process via the Target Costing methodology. Roughly 70% of a product’s cost is baked into the product's design and process, leaving only 30% to Kaizen (post-design). Learn from Mark’s experience as CFO of Danaher’s JAKE Brake, where Target Costing played a significant role in JAKE’s profitability.

00:40 Understanding Target Costing
01:58 Implementing Target Costing: A Real-World Example
03:36 Design Process and Multifunctional Teams
05:58 Case Study: Jake Brake
09:01 The Importance of Target Costing
10:18 Conclusion