Toyota Cost Management (TCM) Training Program
About Toyota Cost Management Certificate Program
Toyota Cost Management (TCM) is one of Toyota’s proven methodologies for improving profitability through effective cost planning and continuous cost reduction. Developed through decades of practical experience at Toyota, TCM is now helping organizations worldwide optimize costs and achieve sustainable business growth.
TCM certification provides the most authentic, up-to-date, practical knowledge and application of Toyota Cost Management principles. TCM Grade IV certification is an essential step for professionals to develop “must-know” practical skills in cost planning, target costing, and cost reduction.
BEST FOR
CXOs, Senior Mangers, Financial Controllers, Consultants
DELIVERY
100% Online | 12 Hours | 3 Saturdays
MATERIAL
TCM Text Book Delivered to Home
MODE
Live Online (Zoom), Instructor-led
CERTIFICATE
Printed Certificate from TEC – Japan
About the Program Experience
1. What is the Toyota Cost Management (TMS) Certification Program?
The Toyota Cost Management (TCM) Certification Program provides a solid foundation in Toyota’s Cost Management methodology. It introduces the essential principles of Toyota Cost Management and guides participants on how to apply them effectively in product planning, manufacturing, and business operations. The program helps organizations optimize costs, improve profitability, and foster a culture of continuous improvement and sustainable business growth.
2. Who should enroll in this program?
- Business and Strategic Leaders: Business owners, CEOs, senior managers, and decision-makers who want to strengthen cost competitiveness, improve profitability, and drive sustainable business growth through Toyota’s proven cost management principles.
- Finance and Cost Management Professionals: CFOs, finance managers, cost accountants, controllers, and professionals responsible for cost planning, budgeting, and improving organizational profitability.
- Manufacturing and Operations Teams: Operations managers, production managers, plant leaders, industrial engineers, and manufacturing professionals seeking to optimize costs while improving operational performance.
- Consulting and Business Improvement Professionals: Consultants, Lean practitioners, continuous improvement leaders, and business advisors who support organizations in implementing effective cost management strategies.
3. Are there any prerequisites for enrollment?
There are no prerequisites for this program. Anyone who wants to learn Toyota Cost Management principles and apply effective cost planning and cost reduction methods in their organization can join. The content covers essential theory along with practical application.
4. What topics are covered in the program?
- Overview of Cost Management
Understand the fundamentals of Toyota Cost Management, the relationship between operations and costs, and the principles of effective cost management systems.
- Basics of Cost Accounting
Learn the structure of costs, cost behavior, economic evaluation, and the key principles of cost accounting used in Toyota’s cost management approach.
- Chief Engineer (CE) and Product Planning
Explore the role of the Chief Engineer and understand how product planning supports successful cost management and product development.
- Target Costing
Discover Toyota’s target costing methodology, including cost planning, product planning requirements, and practical implementation techniques.
- Cost Planning and Cost Reduction
Learn practical approaches to cost planning, cost reduction strategies, and real-world examples of continuous cost improvement.
5. What is the duration and format of the program?
This is a 100% online, instructor-led program, delivered by former Toyota Chief Engineer Mr. Toshio Horikiri. The program consists of 3 live interactive sessions, each 4 hours long, for a total of 12 hours.
6. What are the benefits of obtaining the TCM Certification?
- Globally recognized qualification
Receive a certification endorsed by Toyota Engineering Corporation and TMS & TPS Certification Institute, recognized by professionals across industries worldwide. - Practical cost management expertise
Gain a strong understanding of Toyota Cost Management principles, including cost planning, target costing, cost accounting, and cost reduction to improve business profitability. - Career advancement in finance, operations, and leadership
Strengthen your professional profile as a finance professional, operations manager, business leader, consultant, or cost management specialist with proven Toyota methodologies. - Global professional networking
Connect with participants from around the world, exchange ideas, and build valuable international relationships with professionals from diverse industries. - Direct guidance from Toyota experts
Learn directly from Mr. Toshio Horikiri, former Toyota Chief Engineer and Chairman of Toyota Engineering Corporation (TEC), Japan, who brings decades of hands-on Toyota expertise in cost management, product planning, and continuous business improvement
7. What is the program fee, and how can I make payments?
Program Fee
The program fee is USD 895 per participant. DHL shipping charges for the study materials and the certificate will be added separately.
Shipping of Study Materials and Certificate
Study materials are couriered before the program begins once you complete your registration. The certificate is sent after you successfully complete the examination.
DHL Shipping Charges
India and Bangladesh USD 60
Asia and Middle East USD 80
Europe and Africa, USA, Canada and Australia USD 90
South America USD 120
Mexico USD 150
Payment Methods
You can make the payment through direct bank transfer or by using a credit or debit card.
Toyota Cost Management Training Content
1-1.Corporate need for cost management
1-2.Relationship between operations and costs
1-3.Cost Management System
1-4.Roles of Top Management and Accounting Department
2-1.Structure of Costs (Expense Items)
2-2.Multifaceted nature of cost
2-3.Changes in cost due to production volume
2-4.Differential and absolute costs
2-5.Economic evaluation
2-6.Differences in terms on which costs are based
3-1.Chief Engineer and Product Planning
4-1.Features of Toyota Cost Planning
4-2.Relationship between product planning and each project
4-3.Target costing system
4-4.Product planning requirements (components)
4-5.How to proceed with target costing
5-1.Cost planning (design and prototype stage)
5-2.Cost reduction in the execution division
5-3.Cost reduction measures
5-4.Cost Reduction Promotion and Examples
Program Schedule
October 2026 - Batch 1
- Introduction – 26 Sept 2026
- Day 01 – 03 Oct 2026
- Day 02 – 10 Oct 2026
- Day 03 – 24 Oct 2026
- Examination – 07 Nov 2026
Global Training Schedule
- 🇯🇵 Japan (JST): 12:30 PM ; 4:30 PM
- 🇦🇺 Australia (Sydney, AEST): 1:30 PM ; 5:30 PM
- 🇸🇬 Singapore (SGT): 11:30 AM ; 3:30 PM
- 🇮🇳 India (IST): 9:00 AM ; 1:00 PM
- 🇪🇺 Europe (CEST): 5:30 AM ; 9:30 AM
- 🇺🇸 USA (Eastern, EDT): 11:30 PM ; 3:30 AM (previous day)
- Exam – 60 Minutes ( 24 Hour window to attempt)
Transform Yourself Today!
Only a Few Seats Remaining. Register Soon
5% Early Bird discount expires on 28 February 2026, act now
Investment
US$ 895
USD 805.50
- 10% very early bird discount for registrations till 3rd August
- 5% early bird discount for registrations till 3rd of September
Contact us for more details:
Linkedin Notes Shared by Our Alumni
Meet Your Sensei
Toshio Horikiri
Chairman, Toyota Engineering Corporation, Nagoya, Japan 2017 – present
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Toyota Engineering Corporation, Nagoya, Japan 2017 – present: Chairman 2002 – 2016: CEO
- Provide training for most current Toyota Production System (TPS) from basic to advance level including quality and logistic improvement (Design pull system)
- Provide factory/plant audit and help coaching company to clearly define future targets
- Support TPS hands-on implementation while ensure employee engagement
- Expertise in business management and cost reduction by visual management technique
- Major consulting achievement in automotive, aircraft, food, electronic component company in Japan, China, Russia and USA
- Provide training for most current Toyota Production System (TPS) from basic to advance level including quality and logistic improvement (Design pull system)
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Toyota Management Institute, Nagoya, Japan 2008 - present: CEO
- Provide training on Toyota way Management System (TMS) to help company in effective and innovative management. Support the integration of design, product development, production, sales and marketing to ensure successful new product development, quality improvement and effective cost reduction throughout entire company
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TMS & TPS Certificate Institution 2008 - present: Chief Director
- Promote operation excellence into manufacturing and non-manufacturing places
- Provide training and coach TMS & TPS implementation from front line operator to management level
- Audit and assess company TMS & TPS ability
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Toyota Motor Corporation, Toyota, Japan 2000 – 2002: Chief Engineer Overseas Production Support, Motomachi Plant
- Delivered TPS instruction/training and implementation for overseas Toyota plants in Southeast Asia, Australia and India
All registered participants will receive the official Total TCM Grade IV textbook by courier. This book serves as the primary reference throughout the program and includes detailed explanations of every concept covered in the sessions. It provides clear illustrations, practical examples, and comprehensive content to support both learning and application on the shop floor.
Prestigious Certificate from Toyota Engineering Corporation
Previous Batches of Certified TPS Practitioners
“Participating in this program helped me to get a deeper understanding of the Total Toyota Production System. Revitalization of the workplace and respect for people are two key takeaways for me. I started involving the people in my workplace in daily problem solving and was amazed at the number of kaizens that can be done on the shop floor. It was an honor to learn from Masters and the Toyota Engineering Corporation.”
