A research on the applicability of the methods of target costing, value engineering and kaizen costing together in the companies

This thesis demonstrates that the methods of target costing, value engineering and Kaizen Costing are applicable together to reduce costing in private tea companies in Turkey. Instead of traditional costing management, this work focuses on certain methods that are compatible with technological innovations providing companies with compatitive advantages in the market. Doing so, the thesis aims at contributing to related literature as well as it offers a map for those working in the related sector. In the last section, a survey was conducted in 92 tea companies and findings were analized through SPSS 22. According to the results of the field work, in order to reduce costing, three methods are applicable together in private tea companies. Particularly applications such as Kaizen exist in tea companies. However, the result of the study exposes the fact that there is no professional manager in tea companies, the workers do not have sufficient data on the methods, and the strong existance of Çaykur in the market hardens the application of the methods. Key Words: Target Costing, Value Engineering, Kaizen Costing, Tea Sector