How much can my product cost? – Review of the FACTON After Work Lounge event on the topic of target costing
How can businesses implement Enterprise Product Costing (EPC), what are the opportunities - and what are the limits - of strategic cost management? These are just a few of the questions that were answered during the first ever FACTON After Work Lounge in Stuttgart and Düsseldorf, which the software developer organized in collaboration with the IT experts at arvato systems.
A total of around 25 participants discussed issues central to the the subject of “Target Costing – How much can my product cost?” at these exclusive events held in May and June. Among others, presentations included a keynote speech titled “Enterprise Product Costing – A Strategic Instrument for CFOs”, which featured range of practical examples from arvato Systems. Harald Hornung, Senior Consultant at FACTON, delivered a presentation on “Target Costing - Instrument for Strategic Cost Management”, which offered insight into the historical development of target costing as well as its practical applications, opportunities and limits. Attendees and speakers alike took advantage of the get-together that followed to continue their discussions in a relaxed atmosphere and make new contacts.
We would like to thank everyone involved for contributing to the success of this event and hope to see you again soon!