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PRODUCTION COSTS AND COST MANAGEMENT PRACTICES OF TURKISH MANUFACTURING COMPANIES (ICI 500): A DESCRIPTIVE STUDY

Year 2009, Volume: 1 Issue: 2, 1 - 16, 01.12.2009

Abstract

In this paper, we aimed to determine the production costs of Turkish manufacturing companies and
their managing these costs in order to contribute literature in which no comprehensive study is
done on this subject. In accordance with the aim, we conducted a descriptive survey to 287 private
manufacturing companies among 500 large-scale companies listed in Istanbul Chamber of Industry
and 90 surveys completed by the companies are evaluated.
As a result, the estimation and determination of production costs in the pre-production phase is
regarded as a beneficial process. A considerable number of companies continue this process at the
beginning and end of production shows their acceptance to traditional cost approach rather than
strategic cost management approach of product life cycle. Besides, we found that the relative
companies have a low level of association with suppliers which have a significant impact on
decreasing and managing costs.

References

  • Acar, Durmuş (2005), “Küresel Rekabette Maliyet Yönetimi ve Yaklaşımları: Tekstil Sektörü İle
  • İlgili Bir Araştırma”, 1. Baskı, Asil Yayınları, Ankara, Şubat. Ansari, Shahid L., Jan E. Bell and the CAM-I Target Cost Core Group(1997); Target Costing: The Next Frontier in Strategic Cost Management, A CAM-I/CMS Model for Profit Planning and Cost
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  • Blocher, Edward J., Kung H. Chen and Thomas W. Lin (1999); Cases&Reading in Strategic Cost
  • Management for use with Cost Management: A Strategic Emphasis, McGraw-Hill, USA, 1999.
  • Blocher, Edward J., Kung H. Chen, Gary Cokins and Thomas W. Lin (2005), “Cost Management:
  • A Strategic Emphasis”, Irwin/McGraw-Hill, New York, USA. Borgernas, Henrik and Gustav Fridh (2003), The Use of Target Costing in Swedish Manufacturing
  • Firms, School of Economics and Commercial Law, Goteborg University, Tutor: Christian Ax, Business School Department, D-Thesis in Management Accounting, Autumn Term, Homepage of Goteborg University, http://gupea.ub.gu.se:8080/dspace/handle/2077/1839 (26.06.2008).
  • Braxton, Peter J. (1999), “Target Costing Best Practices”, TOC/CAIV Workshop 99-3 Conference,
  • San Antonio, Thursday, November 4, 1999, pp. 1-98. http://acquisition.navy.mil/content/download/1441/7051/file/tarcost.pdf (10.01.2008).
  • Can, Ahmet Vecdi (2004), Hedef Maliyetleme: Kuram ve Uygulama, Sakarya Kitabevi, Adapazarı.
  • Cooper, Robin (1995), “When Lean Enterprises Collide: Competing Through Confrontation”,
  • Harvard Business School Press, Boston, 4 Aug, ISBN: 0-87584-540-1.
  • Cooper, Robin and W. Bruce CHEW (1996), “Control Tomorrow’s Costs Through Today’s
  • Designs”, Harvard Business Review, January-February, pp. 88-97. Corrigan, John (1996), “Target Costing-A new approach”, Australian Accountant, 66, 3, Apr, ABI/INFORM Global, pp. 53-54.
  • Dekker, Henri and Peter Smidt (2003), “A survey of the adoption and use of target costing in
  • Dutch firms”, International Journal of Production Economics, 84, pp. 293–305. Doğan, Zeki (1998), “Maliyet Yönetiminde Yeni Bir Yaklaşım: Hedef Maliyetleme”, Atatürk
  • Üniversitesi İ.İ.B.F Dergisi, Vol:12, No: 1-2, Mayıs, pp. 197-208. Erden, Selman Aziz (2003), “Maliyet Yönetimi ve Küresel Rekabete Yönelik Maliyetleme”,
  • MÖDAV, Muhasebe Bilim Dünyası Dergisi, Vol: 5, No: 4, Aralık, pp.81-95. Ergun, Ülkü (2002), “Ürün Tasarım Aşamasında Uygulanan Stratejik Maliyet Yönetim
  • Teknikleri”, Muhasebe ve Denetime Bakış, Şubat 2002, pp.33-48.
  • Freeman, Tom (1998), “Transforming Cost Management into a Strategic Weapon”, The Consortium for Advanced Manufacturing – International (CAM-I), pp.1-21.
  • Gharajedaghi, Jamshid (1999), Systems Thinking: Managing Chaos And Complexity, Elsevier, USA.
  • Hacırüstemoğlu, Rüstem and Mümir Şakrak (2002), Maliyet Muhasebesinde Güncel Yaklaşımlar,
  • Türkmen Kitabevi, İstanbul. Hilton, Ronald W (2005), Managerial Accounting: Creating Value in a Dynamic Business
  • Enviorement, Sixth Edition, Irwin/McGraw-Hill, New York, USA. Karcıoğlu, Reşat (1997), “Yeni Bir Yönetim Aracı Olarak Hedef Fiyata Göre Maliyetleme
  • Yöntemi”, Pazarlama Dünyası, No: 64, Yıl: 11, Temmuz-Ağustos, pp.4-8. Kato, Yutaka (1993), “Target Costing Support Systems: Lessons From The Leading Japanese
  • Companies”, Management Accounting Research, Vol: 4, pp.33-47. Kurunsaari, Hannu, Frank Roevekamp and Hiroshi Okano (2003), “The Eco-Check in Relation to
  • Target Costing in Ecodesigning: The Resource-Based View”, Eco Design, 2A-3, pp.314-320. Kwah Driscole Ganye (2004), Target Costing in Swedish Firms – Fiction, fad or fact? “An
  • Empirical study of some Swedish firms”, Goteborg University, ISSN 1403-851X.
  • Langfield-Smith, Kim and Peter Luckett (1999), “Target Costing for Effective Cost Management:
  • Product Cost Planning at Toyota Australia”, Financial and Management Accounting Committe (FMAC), Issued by the International Federations of Accountants (IFAC), Study 10, June. Lee, John Y. and Yasuhiro Monden (1996), “An International Comparison of Manufacturing
  • Friendly Cost Management Systems”, The International Journal of Accounting, Vol: 31, No: 2, pp. 212. Sakuraı, Michiharu and D. Paul Scarbrough (1997), Japanese Cost Management, Crisp Publications-Inc.
  • Savas, Orhan (2003) “Hedef Maliyet Yönetim Sisteminin Başarısını Etkileyen Faktörler Üzerine
  • Türk Hazır Giyim Sektöründe Bir Araştırma”, Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Vol. 20, January-June, p. 183-201. Swenson, Dan, Shahid Ansari, Jan Bell and Il -Woon Kim (2003), “Best Practices in Target
  • Costing”, Management Accounting, Quarterly, Winter, Vol: 4, No: 2, pp.12-17. TEK, Nergis (2000), “Çağdaş Rekabet Ortamında Teknoloji Maliyetleri ve Ürün Yaşam
  • Dönemince Maliyetleme Yaklaşımı”, Pazarlama Dünyası, Yıl: 14, No: 2000-02, Mart-Nisan, pp.24-28.
  • The Consortium for Advanced Manufacturing – International The American Institute of Certified Public Accountants and The University of Akron; Target Cost – Best Practices Survey, s.1-15. Wood, Jeannie C. (1998), “First Annual International Congress On Target Costing”, Management
  • Accounting, 79, 7, January, s. 63.
Year 2009, Volume: 1 Issue: 2, 1 - 16, 01.12.2009

Abstract

References

  • Acar, Durmuş (2005), “Küresel Rekabette Maliyet Yönetimi ve Yaklaşımları: Tekstil Sektörü İle
  • İlgili Bir Araştırma”, 1. Baskı, Asil Yayınları, Ankara, Şubat. Ansari, Shahid L., Jan E. Bell and the CAM-I Target Cost Core Group(1997); Target Costing: The Next Frontier in Strategic Cost Management, A CAM-I/CMS Model for Profit Planning and Cost
  • Management, IRWIN Professional Publishing, USA. Bahşi, Gökhan and Ahmet Vecdi Can (2001), “Hedef Maliyetleme”, Muhasebe ve Denetime Bakış, Mayıs, pp.47-64.
  • Blocher, Edward J., Kung H. Chen and Thomas W. Lin (1999); Cases&Reading in Strategic Cost
  • Management for use with Cost Management: A Strategic Emphasis, McGraw-Hill, USA, 1999.
  • Blocher, Edward J., Kung H. Chen, Gary Cokins and Thomas W. Lin (2005), “Cost Management:
  • A Strategic Emphasis”, Irwin/McGraw-Hill, New York, USA. Borgernas, Henrik and Gustav Fridh (2003), The Use of Target Costing in Swedish Manufacturing
  • Firms, School of Economics and Commercial Law, Goteborg University, Tutor: Christian Ax, Business School Department, D-Thesis in Management Accounting, Autumn Term, Homepage of Goteborg University, http://gupea.ub.gu.se:8080/dspace/handle/2077/1839 (26.06.2008).
  • Braxton, Peter J. (1999), “Target Costing Best Practices”, TOC/CAIV Workshop 99-3 Conference,
  • San Antonio, Thursday, November 4, 1999, pp. 1-98. http://acquisition.navy.mil/content/download/1441/7051/file/tarcost.pdf (10.01.2008).
  • Can, Ahmet Vecdi (2004), Hedef Maliyetleme: Kuram ve Uygulama, Sakarya Kitabevi, Adapazarı.
  • Cooper, Robin (1995), “When Lean Enterprises Collide: Competing Through Confrontation”,
  • Harvard Business School Press, Boston, 4 Aug, ISBN: 0-87584-540-1.
  • Cooper, Robin and W. Bruce CHEW (1996), “Control Tomorrow’s Costs Through Today’s
  • Designs”, Harvard Business Review, January-February, pp. 88-97. Corrigan, John (1996), “Target Costing-A new approach”, Australian Accountant, 66, 3, Apr, ABI/INFORM Global, pp. 53-54.
  • Dekker, Henri and Peter Smidt (2003), “A survey of the adoption and use of target costing in
  • Dutch firms”, International Journal of Production Economics, 84, pp. 293–305. Doğan, Zeki (1998), “Maliyet Yönetiminde Yeni Bir Yaklaşım: Hedef Maliyetleme”, Atatürk
  • Üniversitesi İ.İ.B.F Dergisi, Vol:12, No: 1-2, Mayıs, pp. 197-208. Erden, Selman Aziz (2003), “Maliyet Yönetimi ve Küresel Rekabete Yönelik Maliyetleme”,
  • MÖDAV, Muhasebe Bilim Dünyası Dergisi, Vol: 5, No: 4, Aralık, pp.81-95. Ergun, Ülkü (2002), “Ürün Tasarım Aşamasında Uygulanan Stratejik Maliyet Yönetim
  • Teknikleri”, Muhasebe ve Denetime Bakış, Şubat 2002, pp.33-48.
  • Freeman, Tom (1998), “Transforming Cost Management into a Strategic Weapon”, The Consortium for Advanced Manufacturing – International (CAM-I), pp.1-21.
  • Gharajedaghi, Jamshid (1999), Systems Thinking: Managing Chaos And Complexity, Elsevier, USA.
  • Hacırüstemoğlu, Rüstem and Mümir Şakrak (2002), Maliyet Muhasebesinde Güncel Yaklaşımlar,
  • Türkmen Kitabevi, İstanbul. Hilton, Ronald W (2005), Managerial Accounting: Creating Value in a Dynamic Business
  • Enviorement, Sixth Edition, Irwin/McGraw-Hill, New York, USA. Karcıoğlu, Reşat (1997), “Yeni Bir Yönetim Aracı Olarak Hedef Fiyata Göre Maliyetleme
  • Yöntemi”, Pazarlama Dünyası, No: 64, Yıl: 11, Temmuz-Ağustos, pp.4-8. Kato, Yutaka (1993), “Target Costing Support Systems: Lessons From The Leading Japanese
  • Companies”, Management Accounting Research, Vol: 4, pp.33-47. Kurunsaari, Hannu, Frank Roevekamp and Hiroshi Okano (2003), “The Eco-Check in Relation to
  • Target Costing in Ecodesigning: The Resource-Based View”, Eco Design, 2A-3, pp.314-320. Kwah Driscole Ganye (2004), Target Costing in Swedish Firms – Fiction, fad or fact? “An
  • Empirical study of some Swedish firms”, Goteborg University, ISSN 1403-851X.
  • Langfield-Smith, Kim and Peter Luckett (1999), “Target Costing for Effective Cost Management:
  • Product Cost Planning at Toyota Australia”, Financial and Management Accounting Committe (FMAC), Issued by the International Federations of Accountants (IFAC), Study 10, June. Lee, John Y. and Yasuhiro Monden (1996), “An International Comparison of Manufacturing
  • Friendly Cost Management Systems”, The International Journal of Accounting, Vol: 31, No: 2, pp. 212. Sakuraı, Michiharu and D. Paul Scarbrough (1997), Japanese Cost Management, Crisp Publications-Inc.
  • Savas, Orhan (2003) “Hedef Maliyet Yönetim Sisteminin Başarısını Etkileyen Faktörler Üzerine
  • Türk Hazır Giyim Sektöründe Bir Araştırma”, Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Vol. 20, January-June, p. 183-201. Swenson, Dan, Shahid Ansari, Jan Bell and Il -Woon Kim (2003), “Best Practices in Target
  • Costing”, Management Accounting, Quarterly, Winter, Vol: 4, No: 2, pp.12-17. TEK, Nergis (2000), “Çağdaş Rekabet Ortamında Teknoloji Maliyetleri ve Ürün Yaşam
  • Dönemince Maliyetleme Yaklaşımı”, Pazarlama Dünyası, Yıl: 14, No: 2000-02, Mart-Nisan, pp.24-28.
  • The Consortium for Advanced Manufacturing – International The American Institute of Certified Public Accountants and The University of Akron; Target Cost – Best Practices Survey, s.1-15. Wood, Jeannie C. (1998), “First Annual International Congress On Target Costing”, Management
  • Accounting, 79, 7, January, s. 63.
There are 38 citations in total.

Details

Other ID JA26YN49NN
Journal Section Articles
Authors

Murat Kocsoy This is me

Yusuf Ag This is me

Publication Date December 1, 2009
Published in Issue Year 2009 Volume: 1 Issue: 2

Cite

APA Kocsoy, M., & Ag, Y. (2009). PRODUCTION COSTS AND COST MANAGEMENT PRACTICES OF TURKISH MANUFACTURING COMPANIES (ICI 500): A DESCRIPTIVE STUDY. International Journal of Business and Management Studies, 1(2), 1-16.
AMA Kocsoy M, Ag Y. PRODUCTION COSTS AND COST MANAGEMENT PRACTICES OF TURKISH MANUFACTURING COMPANIES (ICI 500): A DESCRIPTIVE STUDY. IJBMS. December 2009;1(2):1-16.
Chicago Kocsoy, Murat, and Yusuf Ag. “PRODUCTION COSTS AND COST MANAGEMENT PRACTICES OF TURKISH MANUFACTURING COMPANIES (ICI 500): A DESCRIPTIVE STUDY”. International Journal of Business and Management Studies 1, no. 2 (December 2009): 1-16.
EndNote Kocsoy M, Ag Y (December 1, 2009) PRODUCTION COSTS AND COST MANAGEMENT PRACTICES OF TURKISH MANUFACTURING COMPANIES (ICI 500): A DESCRIPTIVE STUDY. International Journal of Business and Management Studies 1 2 1–16.
IEEE M. Kocsoy and Y. Ag, “PRODUCTION COSTS AND COST MANAGEMENT PRACTICES OF TURKISH MANUFACTURING COMPANIES (ICI 500): A DESCRIPTIVE STUDY”, IJBMS, vol. 1, no. 2, pp. 1–16, 2009.
ISNAD Kocsoy, Murat - Ag, Yusuf. “PRODUCTION COSTS AND COST MANAGEMENT PRACTICES OF TURKISH MANUFACTURING COMPANIES (ICI 500): A DESCRIPTIVE STUDY”. International Journal of Business and Management Studies 1/2 (December 2009), 1-16.
JAMA Kocsoy M, Ag Y. PRODUCTION COSTS AND COST MANAGEMENT PRACTICES OF TURKISH MANUFACTURING COMPANIES (ICI 500): A DESCRIPTIVE STUDY. IJBMS. 2009;1:1–16.
MLA Kocsoy, Murat and Yusuf Ag. “PRODUCTION COSTS AND COST MANAGEMENT PRACTICES OF TURKISH MANUFACTURING COMPANIES (ICI 500): A DESCRIPTIVE STUDY”. International Journal of Business and Management Studies, vol. 1, no. 2, 2009, pp. 1-16.
Vancouver Kocsoy M, Ag Y. PRODUCTION COSTS AND COST MANAGEMENT PRACTICES OF TURKISH MANUFACTURING COMPANIES (ICI 500): A DESCRIPTIVE STUDY. IJBMS. 2009;1(2):1-16.