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A Comparative Analysis Of The Total Cost Of Ownership Approach In Sourcing Decisions
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Book Synopsis A Comparative Analysis of the Total Cost of Ownership Approach in Sourcing Decisions by : Florian C. Kleemann
Download or read book A Comparative Analysis of the Total Cost of Ownership Approach in Sourcing Decisions written by Florian C. Kleemann and published by GRIN Verlag. This book was released on 2012-03-05 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (undergraduate) from the year 2011 in the subject Business economics - Supply, Production, Logistics, grade: 1,0, Robert Gordon University Aberdeen (Aberdeen Business School), course: Strategic Purchasing, language: English, abstract: Die Einkaufsfunktion gewinnt immer stärker an Bedeutung. Infolgedessen spielen Lieferanten eine immer wichtigere Rolle, womit sich besondere Anforderungen die Lieferantenauswahlentscheidung anknüpfen. Das „Total Cost of Ownership“-Konzept hat zum Ziel, eine umfassende Kostenbetrachtung für ein Beschaffungsobjekt vorzunehmen, um so eine fundierte Managemententscheidung zu ermöglichen. Die Arbeit stellt das TCO-Konzept zunächst allgemein vor und stellt es dann zwei weiteren Analysetools, der Lieferantenpreisanalyse und dem Target Costing (Zielkostensteuerung), gegenüber. So kann aufgezeigt werden, dass TCO ein zentraler Bestandteil des modernen Beschaffungsmanagements sind. Darauf basierend werden Anwendungsmöglichkeiten von TCO als Entscheidungsunterstützungsinstrument skizziert.
Book Synopsis Purchasing and Supply Chain Management by : Robert M. Monczka
Download or read book Purchasing and Supply Chain Management written by Robert M. Monczka and published by South Western Educational Publishing. This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Resource added for the Supply Chain Management program 101821.
Book Synopsis Handbook of Research on Interdisciplinary Approaches to Decision Making for Sustainable Supply Chains by : Awasthi, Anjali
Download or read book Handbook of Research on Interdisciplinary Approaches to Decision Making for Sustainable Supply Chains written by Awasthi, Anjali and published by IGI Global. This book was released on 2019-09-27 with total page 674 pages. Available in PDF, EPUB and Kindle. Book excerpt: Businesses must create initiatives and adopt eco-friendly practices in order to adhere to the sustainability goals of a globalized world. Recycling, product service systems, and green manufacturing are just a few methods businesses use within a sustainable supply chain. However, these tools and techniques must also ensure business growth in order to remain relevant in an environmentally-conscious world. The Handbook of Research on Interdisciplinary Approaches to Decision Making for Sustainable Supply Chains provides interdisciplinary approaches to sustainable supply chain management through the optimization of system performance and development of new policies, design networks, and effective reverse logistics practices. Featuring research on topics such as industrial symbiosis, green collaboration, and clean transportation, this book is ideally designed for policymakers, business executives, warehouse managers, operations managers, suppliers, industry professionals, sustainability developers, decision makers, students, academicians, practitioners, and researchers seeking current research on reducing the environmental impacts of businesses via sustainable supply chain planning.
Book Synopsis Principles of Scientific Purchasing by : Norman Follett Harriman
Download or read book Principles of Scientific Purchasing written by Norman Follett Harriman and published by . This book was released on 1928 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Effects of Providing Total Cost of Ownership Information on Attribute Weights in Purchasing Decisions by : Sebastiaan Morssinkhof
Download or read book Effects of Providing Total Cost of Ownership Information on Attribute Weights in Purchasing Decisions written by Sebastiaan Morssinkhof and published by . This book was released on 2006 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we investigate how the provision of total cost of ownership (TCO) information affects attribute weights in sourcing decisions, and how this effect is moderated by decision complexity. TCO quantifies the costs of each decision alternative for purchasing decisions, from the perspective of the buying organization. We consider incomplete TCO information, in that some non-financial attributes are not included in the TCO calculation, and we investigate unintended (and potentially disadvantageous) effects of providing decision makers with such information. Experiments with 817 participants were conducted, both students and managers. We found moderate support for the hypothesis, that when complexity was low, participants gave a higher weight to the attribute that was excluded from the TCO information. We found support for the hypothesis that when complexity was high, decision makers gave less weight to this attribute, but this result was only found for the most experienced subgroup of managers. Experience did, however, not necessarily have a positive effect. Results suggest that, due to the provision of TCO information, experienced decision makers were more likely to follow an evaluation process in which less attention was paid to attributes that were not part of the TCO calculation. This suggests that experienced decision makers could be less mindful of the incompleteness of TCO information.
Book Synopsis Total Cost of Ownership Comparison for Different Drivetrains of Private Transport Vehicles by : Simon Kröger
Download or read book Total Cost of Ownership Comparison for Different Drivetrains of Private Transport Vehicles written by Simon Kröger and published by GRIN Verlag. This book was released on 2021-03-08 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2020 in the subject Business economics - Accounting and Taxes, grade: 1,0, University of Mannheim (Chair of Business Administration and Accounting), language: English, abstract: Transportation is the source of 25% of the EU-27 greenhouse gas emissions. Specifically, cars are responsible for around 12% of the EU-27 emissions of carbon. Additionally, emissions from the transport sector have increased continuously since 2014. Therefore, the reduction of emissions from the transport sector is an integral element of the EU climate and energy policy to comply with the Paris Agreement. The electrification of the transport sector offers the opportunity to utilize the increasing share of renewable energy generation. Thus, scholars believe that electric vehicles, such as battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), hybrid electric vehicles (HEVs), and fuel cell electric vehicles (FCEVs), have the potential to lower emissions and contribute to the transformation of the mobility sector. However, the breakthrough of electric vehicles still faces several barriers. Perhaps the most significant barrier appears to be the public's general consensus that electric drivetrains are more expensive than conventional drives. However, the literature suggests that electric vehicles might already be more cost-efficient than comparable conventional drives. Yet, the cost-benefits are mostly non-transparent to consumers as they put too much weight on the high initial investment costs compared to conventional internal combustion engine vehicles (ICEVs) and underestimate the cost savings through lower operating costs. In order to overcome this misjudgment and to help consumers make more profound purchasing decisions, the literature suggests the total cost of ownership (TCO) approach, which includes both investment and operating costs over the ownership period. This study aims to compare the consumer-oriented TCO for different drivetrains of private transport vehicles in Germany. Although the transportation sector emits 19% of Germany’s greenhouse gases, electric vehicles only account for 17% of the newly registered vehicles in the first half of 2020. As a result, the German government approved an increase in subsidies for the purchase of electric vehicles in June 2020 to promote the attractiveness of more environmentally friendly vehicles. Against that background, this study investigates whether conventional drives still exhibit a financial advantage over electric vehicles. For that purpose, this study compares the TCO of BEVs, PHEVs, HEVs, FCEVs as well as petrol and diesel ICEVs.
Book Synopsis Procurement 20/20 by : Peter Spiller
Download or read book Procurement 20/20 written by Peter Spiller and published by John Wiley & Sons. This book was released on 2013-11-14 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to achieve procurement excellence today and evolve to be ready for tomorrow Procurement entrepreneurship pays. High-performing procurement teams can deliver huge value to their companies—regardless of industry. The best companies are advancing talent-management strategies into the heart of their procurement organizations with huge success. In addition to an estimated $84 billion in yearly cost savings, companies who give procurement leaders prominence deliver superior returns from their operations as well as lower their costs of goods sold. This book, written by a group of purchasing and supply management practice experts, shares the hard-earned insights of more than ten years of dedicated procurement research conducted with leading academic institutions and practical experience with marquee clients in the field of procurement. It is also a natural successor to the many articles McKinsey & Company has published on the topic. This reliable resource skillfully explains and codifies the best practices that leading companies have pioneered in procurement as well as frames how procurement must evolve to grapple with new global, social, and economic issues affecting business over the next decade. Details the four key dimensions of procurement excellence Showcases the five megatrends that will change the way business is done in the next decade Provides strategies that business leaders can adopt in the face of these megatrends, together with practical advice about next steps and case examples The road ahead will require you to redefine your vision for procurement and implement the required changes. Procurement 20/20 will show you how.
Book Synopsis CIRP Design 2012 by : Amaresh Chakrabarti
Download or read book CIRP Design 2012 written by Amaresh Chakrabarti and published by Springer Science & Business Media. This book was released on 2012-11-27 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: During its life cycle, a product produces waste that is over 20 times its weight. As such it is critical to develop products that are sustainable. Currently product development processes lack high quality methods and tools that are empirically validated to support development of sustainable products. This book is a compilation of over forty cutting edge international research papers from the 22nd CIRP International Design Conference, written by eminent researchers from 15 countries, on engineering design process, methods and tools, broadly for supporting sustainable product development. A variety of new insights into the product development process, as well as a host of methods and tools that are at the cutting edge of design research are discussed and explained covering a range of diverse topics. The areas covered include: Sustainable design and manufacturing, Design synthesis and creativity, Global product development and product life cycle management, Design for X (safety, reliability, manufacturability, etc.), and Design taxonomy, ontology and standards. CIRP Design 2012: Sustainable Product Development provides researchers in design, engineering and sustainability access to some of the latest, quality research in this area. Practitioners and educators of engineering design and sustainability will find an empirically validated suite of methods and tools that can be applied and taught to develop their practices.
Book Synopsis Enterprise Software Tco by : Shaun Snapp
Download or read book Enterprise Software Tco written by Shaun Snapp and published by . This book was released on 2013-12 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Value First, Then Price by : Andreas Hinterhuber
Download or read book Value First, Then Price written by Andreas Hinterhuber and published by Taylor & Francis. This book was released on 2021-12-27 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Value-based pricing – pricing a product or service according to its value to the customer rather than its cost – is the most effective and profitable pricing strategy. Value First, Then Price is an innovative collection that proposes a quantitative methodology to value pricing and road-tests this methodology through a wide variety of real-life industrial and B2B cases. This book offers a state-of-the art and best practice overview of how leading companies quantify and document value to customers. In doing so, it provides students and researchers with a method by which to draw invaluable data-driven conclusions, and gives sales and marketing managers the theories and best practices they need to quantify the value of their products and services to industrial and B2B purchasers. The 2nd edition of this highly-regarded text has been updated in line with current research and practice, offering three new chapters covering new case studies and best practice examples of quantified value propositions, the future of value quantification, and value quantification for intangibles. With contributions from global industry experts this book combines cutting edge research on value quantification and value quantification capabilities with real-life, practical examples. It is essential reading for postgraduate students in Sales and Marketing with an interest in Pricing Strategy, sales and pricing specialists, as well as business strategists, in both research and practice.
Book Synopsis The Role of Procurement Professionals in Industrial Projects by : Mario Büsch
Download or read book The Role of Procurement Professionals in Industrial Projects written by Mario Büsch and published by Akademische Verlagsgemeinschaft München. This book was released on 2014-04-23 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: This doctoral-thesis deals with the role of procurement professionals in industrial projects. The role of procurement in industrial manufacturing has attracted considerable attention over the last several years; however, the role of procurement in projects is rather underresearched. From a project management point of view, procurement is mainly considered a transactional task, and remarkably few project management standards consider procurement at all. To overcome this gap, a Procurement Project Involvement Matrix has been developed. Building on this matrix, a Project Procurement Organisation Model for procurement experts involved into industrial projects was developed, too. In general, the project procurement job tasks framework as well as the Project Procurement Organisation Model will help to implement, improve and audit the involvement level of procurement in projects.
Book Synopsis Total Cost Model for Making Sourcing Decisions by : Mark Morita (M.B.A.)
Download or read book Total Cost Model for Making Sourcing Decisions written by Mark Morita (M.B.A.) and published by . This book was released on 2007 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis develops a total cost model based on the work done during a six month internship with ABB. In order to help ABB better focus on low cost country sourcing, a total cost model was developed for sourcing decisions. Because the products that ABB manufactures have a high material cost component, effective sourcing is critical to overall profitability. The model presented in this thesis is loosely based on financial statement projections, and uses that framework to help capture all of the relevant hidden costs. This model does not consider absolute cost, but instead analyzes the change in cash flows over time. The net present value of the future marginal cash flows is calculated to determine if changing suppliers will create value or destroy it. The incentive issues surrounding supplier selection are discussed. Using this model can help to mitigate some of the incentive issues; however some managers may be incentivized to reject the model. A case study that analyzes the benefit of sourcing a copper pin from China is presented to illustrate how the model works.
Book Synopsis Supply Chain Management: Text and Cases by : Sople
Download or read book Supply Chain Management: Text and Cases written by Sople and published by Pearson Education India. This book was released on 2011 with total page 557 pages. Available in PDF, EPUB and Kindle. Book excerpt: Supply Chain Management is essential for creating value for both customers and stakeholders. Effective supply chains help organizations to compete in both global and domestic markets. Supply Chain Management: Text and Cases addresses these issues in seven parts, which deal with the basics of the supply chain, sub-systems of the supply chain, tactical and operational decisions, strategic approach to the supply chain, measurements, controls and sustainability practices.
Book Synopsis Supply Chain Management: Text and Cases by : Vinod V. Sople
Download or read book Supply Chain Management: Text and Cases written by Vinod V. Sople and published by Pearson Education India. This book was released on 2011 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Information Intelligence, Systems, Technology and Management by : Sumeet Dua
Download or read book Information Intelligence, Systems, Technology and Management written by Sumeet Dua and published by Springer. This book was released on 2011-02-11 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the refereed proceedings of the 5th International Conference on Information Systems, Technology and Management, ICISTM 2011, held in Gurgaon, India, in March 2011. The 35 revised full papers presented together with 4 short papers were carefully reviewed and selected from 106 submissions. The papers are organized in topical sections on information management, information systems, information technology, healthcare information management and technology, business intelligence, applications, as well as management science and education.
Book Synopsis Encyclopedia of Production and Manufacturing Management by : Paul M. Swamidass
Download or read book Encyclopedia of Production and Manufacturing Management written by Paul M. Swamidass and published by Springer Science & Business Media. This book was released on 2000-06-30 with total page 833 pages. Available in PDF, EPUB and Kindle. Book excerpt: Production and manufacturing management since the 1980s has absorbed in rapid succession several new production management concepts: manufacturing strategy, focused factory, just-in-time manufacturing, concurrent engineering, total quality management, supply chain management, flexible manufacturing systems, lean production, mass customization, and more. With the increasing globalization of manufacturing, the field will continue to expand. This encyclopedia's audience includes anyone concerned with manufacturing techniques, methods, and manufacturing decisions.
Book Synopsis Total Cost Analysis in Logistics by : Björn Oskarsson
Download or read book Total Cost Analysis in Logistics written by Björn Oskarsson and published by Linköping University Electronic Press. This book was released on 2019-11-01 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost is considered a crucial factor in much decision-making in private and public organisations. Therefore, the ability to calculate total estimated costs for different alternatives is important. However, such total cost analysis is a challenging task. Providing students with the knowledge and skills needed for total cost analysis is therefore relevant in several disciplines within higher education. Within logistics management, total cost analysis is for decades by several scholars regarded as a ‘cornerstone’, a fundamental part of the discipline. However, except for describing the basic steps and presumptions, the literature does not give much support concerning how to conduct such analyses, or which the difficulties associated with total cost analysis are. This blank space in literature is not limited to the logistics discipline, it stretches throughout many disciplines. Neither does literature cover how to teach to support students’ learning of total cost analysis. Hence, to address the lack of research, the purpose of this thesis was formulated as follows: To contribute to the understanding of conducting, learning, and teaching total cost analysis. Three research questions were shaped to address each part of the purpose: conducting, learning and teaching. RQ1 What challenges are connected to the process of conducting total cost analysis? RQ2 What thresholds are there for learning how to conduct total cost analysis? RQ3 How can total cost learning be supported by suitable educational methods? The research questions are connected to each other in the sense that the challenges of conducting total cost analysis (RQ1) indicate within which areas total cost learning is difficult, and thereby where thresholds are to be investigated (RQ2). Further, knowledge about the learning thresholds is needed to discuss suitable educational activities (RQ3). The research was conducted by a combination of literature reviews and multiple case studies at four Higher Education Institutions, where both teachers and students were approached. The findings for RQ1 were developed in an abductive procedure walking back and forth between literature and cases. A twelve-step process for total cost analysis was defined, and specific challenges associated for each of these steps. Regarding learning thresholds (RQ2), perceived difficulties with learning total cost analysis were identified in the case studies. These difficulties were then analysed against threshold characteristics available in literature. This resulted in the identification of four total cost learning thresholds. Literature on constructivist-based teaching was used to suggest teaching methods to support learning (RQ3). These types of activities proved to match the ones most appreciated by teachers and students in the studied cases. The twelve-step process provides a more structured and holistic view of total cost analysis than previously available in the logistics literature. The description of challenges with conducting total cost analysis is novel, not only within logistics, but also generally, why this is a major contribution from this research. Aspects regarding teaching and learning connected to logistics, and to total cost analysis, are very sparsely addressed in literature, which makes the findings concerning learning thresholds and teaching methods valuable. The findings are believed to be useful for different stakeholders. First and foremost, teachers can use the findings for designing programs, courses, and course modules which cover the important aspects of total cost analysis with help from educational activities supporting the students’ learning. Second, for organisations where total cost analyses are conducted, the suggested process with its steps and associated challenges can be used to achieve better total cost analyses, and in turn more substantiated decisions. In the longer perspective, better education on total cost analysis at Higher Education Institutions will further strengthen the total cost competence in organisations, thereby improving the total cost-related decision making. Total cost analysis is not unique for the logistics discipline. Although focus in the study has been on Higher Education Institutions providing logistics courses, the findings are to a high extent believed to be relevant also for other disciplines dealing with total cost analysis.
