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Cost Management Through Product Design
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Book Synopsis Cost Management Through Product Design by : Yasemin Zengin Karaibrahimoglu
Download or read book Cost Management Through Product Design written by Yasemin Zengin Karaibrahimoglu and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this study is to explore the role of target costing in managing product costs while promoting quality specifications that will meet customer requirements. In addition, it aims to develop a target costing module that will simplify implementation of target costing especially in small and medium enterprises (SMEs). Tools of operations management such as quality function deployment (QFD) and value engineering (VE) have been considered and evaluated in terms of their integration into the target costing. In order to investigate the total effect, an implementation of the QFD deployment-target costing process (QFD-TC process) was conducted in a small manufacturing company. Previous studies on target costing were mostly conducted in lead companies. This study focuses on implementation of the QFD-TC process in SMEs. Overall, it was found that the QFD-TC process was an essential technique in managing the costs of both a product and the overall production process. Combining target costing with QFD and VE techniques provides companies with a competitive cost advantage.
Book Synopsis The Design of Cost Management Systems by : Robin Cooper
Download or read book The Design of Cost Management Systems written by Robin Cooper and published by Pearson College Division. This book was released on 1999 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing valuable insight into the latest practice and design philosophies, this collection of readings and cases analyzes the defects that exist with traditional cost management systems, and shows how to design systems that will benefit a wide range of organizations. Opens with a thorough introduction to cost systems - with discussions on their use, product and process costing, operational control, financial reporting, and strategic relevance - and explores target costing, and ABC and product design and development. Considers the foundations of activity-based costing, including its necessity for companies, cost hierarchy, and activity attributes, and dedicates entire sections to the use of cost systems for managing customer and supplier relationships, and for designing and developing new products. Second Edition features include many new cases and a critical study of service industry and activity-based budgeting. For management consultants, CFO's, and controllers.
Book Synopsis Integrated Design and Cost Management for Civil Engineers by : Andrew Whyte
Download or read book Integrated Design and Cost Management for Civil Engineers written by Andrew Whyte and published by CRC Press. This book was released on 2014-08-13 with total page 471 pages. Available in PDF, EPUB and Kindle. Book excerpt: Find Practical Solutions to Civil Engineering Design and Cost Management Problems A guide to successfully designing, estimating, and scheduling a civil engineering project, Integrated Design and Cost Management for Civil Engineers shows how practicing professionals can design fit-for-use solutions within established time frames and reliable budgets. This text combines technical compliance with practical solutions in relation to cost planning, estimating, time, and cost control. It incorporates solutions that are technically sound as well as cost effective and time efficient. It focuses on the integration of design and construction based on solid engineering foundations contained within a code of ethics, and navigates engineers through the complete process of project design, pricing, and tendering. Well illustrated The book uses cases studies to illustrate principles and processes. Although they center on Australasia and Southeast Asia, the principles are internationally relevant. The material details procedures that emphasize the correct quantification and planning of works, resulting in reliable cost and time predictions. It also works toward minimizing the risk of losing business through cost blowouts or losing profits through underestimation. This Text Details the Quest for Practical Solutions That: Are cost effective Can be completed within a reasonable timeline Conform to relevant quality controls Are framed within appropriate contract documents Satisfy ethical professional procedures, and Address the client’s brief through a structured approach to integrated design and cost management Designed to help civil engineers develop and apply a multitude of skill bases, Integrated Design and Cost Management for Civil Engineers can aid them in maintaining relevancy in appropriate design justifications, guide work tasks, control costs, and structure project timelines. The book is an ideal link between a civil engineering course and practice.
Book Synopsis Target Costing and Value Engineering by : Robin Cooper
Download or read book Target Costing and Value Engineering written by Robin Cooper and published by Routledge. This book was released on 2017-10-19 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: What would happen if everyone in your company followed a disciplined approach to cost reduction? Go ahead -- imagine it. What would it look like? How can it be done? The answer -- smart cost management. Effective cost management must start at the design stage. As much as 90-95% of a product's costs are added in the design process. That is why effective cost management programs focus on design and manufacturing. The primary cost management method to control cost during design is a combination of target costing and value engineering. Target Costing Objectives: Identify the cost at which your product must be manufactured at if it is to earn its profit margin at its expected target selling price. Break the target cost down to its component level and have your suppliers find ways to deliver the components they sell you at the set target prices while still making adequate returns. Value Engineering: The connection to function: An organized effort and team based approach to analyze the functions of goods and services that the design stage, and find ways to achieve those functions in a manner that allows the firm to meet its target costs. The result: Added value for your company (development costs on-line with added value for your company; development costs on-line with selling prices) and added value for your customer (higher quality products that meet, possibly even exceed, customer expectations.)
Book Synopsis The Design of Cost Management Systems by : Robin Cooper
Download or read book The Design of Cost Management Systems written by Robin Cooper and published by . This book was released on 1991 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the past years, the limitations of traditional cost accounting systems in today's competitive environment have been widely documented. This text provides material that enables the reader to analyze the defects of existing, traditional systems and offers advice on designing systems.
Book Synopsis Cost-Efficient Design by : Klaus Ehrlenspiel
Download or read book Cost-Efficient Design written by Klaus Ehrlenspiel and published by Springer Science & Business Media. This book was released on 2007-08-18 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first English edition of an established work on cost-driven product design and development. It offers tried and tested methods for understanding, influencing and reducing product costs. The methodology and organization of cost management, as well as the effects on each type of cost are described. Using this knowledge the product developer can assume responsibility for costs. There are numerous examples and detailed derivation of results.
Book Synopsis Supply Chain Development for the Lean Enterprise by : Robin Cooper
Download or read book Supply Chain Development for the Lean Enterprise written by Robin Cooper and published by Routledge. This book was released on 2017-12-06 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: Four questions determine whether a company is using interorganizational cost management. Does your firm set specific cost-reduction objectives for its suppliers? Does your firm help its customers and/or suppliers find ways to achieve their cost-education objectives? Does your firm take into account the profitability of its suppliers when negotiating component pricing with them? Is your firm continuously making its buyer-supplier interfaces more efficient? If the answer to any of these questions is ""no"", your firm risks introducing products that cost too much or are not competitive. The full potential of the supply network can be realized only when the entire supply chain adopts interorganizational cost management practices. Competitive pressure has led many firms to try to increase the efficiency of supplier firms through interorganizational cost management systems, a structured approach to coordinating the activities of firms in a supplier network to reduce the total costs in the network. It is particularly important to lean enterprises for two reasons: Lean enterprises typically outsource more of the added value of their products than their mass producer counterparts. Lean enterprises usually compete more aggressively and must manage costs more effectively. Interorganizational cost management can reduce costs in three ways: through product design, through product manufacture and through cooperative approaches between buyers and suppliers to build smoother interfaces. However, more than just cost management must cross interorganizational boundaries. Suppliers are also a major source of innovation for lean enterprises. Successful supplier networks encourage every firm in the network to innovate and compete more aggressively. Read this book to learn to manage the supply chain to forge competitive advantage while reducing costs.
Book Synopsis Target Costing by : M. Bradford Clifton
Download or read book Target Costing written by M. Bradford Clifton and published by CRC Press. This book was released on 2019-02-13 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compiling practical recommendations gleaned from more than 20 years of professional experience, Target Costing: Market Driven Product Design provides numerous examples from field authorities that illustrate valuable concepts and approaches employed in the application of target costing to large-scale manufacturing operations. The authors discuss set
Book Synopsis Target Costing by : Shahid L. Ansari
Download or read book Target Costing written by Shahid L. Ansari and published by Mountain Valley Pub Llc. This book was released on 2009-06-01 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Target Costing is an essential tool for companies striving to achieve and maintain a position of true cost competitiveness."--Back cover.
Book Synopsis Product Cost Management by : Gerard Blokdyk
Download or read book Product Cost Management written by Gerard Blokdyk and published by Createspace Independent Publishing Platform. This book was released on 2017-10-15 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the expected benefits of Product Cost Management to the business? How does Product Cost Management integrate with other business initiatives? Where do ideas that reach policy makers and planners as proposals for Product Cost Management strengthening and reform actually originate? What are the business objectives to be achieved with Product Cost Management? What is our formula for success in Product Cost Management ? This best-selling Product Cost Management self-assessment will make you the dependable Product Cost Management domain assessor by revealing just what you need to know to be fluent and ready for any Product Cost Management challenge. How do I reduce the effort in the Product Cost Management work to be done to get problems solved? How can I ensure that plans of action include every Product Cost Management task and that every Product Cost Management outcome is in place? How will I save time investigating strategic and tactical options and ensuring Product Cost Management opportunity costs are low? How can I deliver tailored Product Cost Management advise instantly with structured going-forward plans? There's no better guide through these mind-expanding questions than acclaimed best-selling author Gerard Blokdyk. Blokdyk ensures all Product Cost Management essentials are covered, from every angle: the Product Cost Management self-assessment shows succinctly and clearly that what needs to be clarified to organize the business/project activities and processes so that Product Cost Management outcomes are achieved. Contains extensive criteria grounded in past and current successful projects and activities by experienced Product Cost Management practitioners. Their mastery, combined with the uncommon elegance of the self-assessment, provides its superior value to you in knowing how to ensure the outcome of any efforts in Product Cost Management are maximized with professional results. Your purchase includes access to the $249 value Product Cost Management self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next. Your exclusive instant access details can be found in your book.
Download or read book Product Design written by Mike Baxter and published by CRC Press. This book was released on 2018-10-03 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: The discovery of market needs and the manufacture of a product to meet those needs are integral parts of the same process. Since most textbooks on new product development are written from either a marketing or an engineering perspective, it is important for students to encounter these two aspects of product development together in a single text. Product Design: Practical Methods for the Systematic Development of New Products covers the entire new product development process, from market research through concept design, embodiment design, design for manufacture, and product launch. Systematic and practical in its approach, the text offers both a structured management framework for product development and an extensive range of specific design methods. Chapters feature "Design Toolkits" that provide detailed guidance on systematic design methods, present examples with familiar products, and conclude with reviews of key concepts. This major text aims to turn the often haphazard and unstructured product design process into a quality-controlled, streamlined, and manageable procedure. It is ideal for students of engineering, design, and technology on their path to designing new products.
Book Synopsis Target Cost Management by : Jim Rains
Download or read book Target Cost Management written by Jim Rains and published by CRC Press. This book was released on 2010-08-12 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: With a proven track record for helping companies achieve critical cost reductions without sacrificing customer satisfaction, target costing provides managers and executives with the tools to survive and prosper in today‘s increasingly competitive market without raising prices on customers. Target Cost Management: The Ladder to Global Survival and S
Book Synopsis Managing the Design Factory by : Donald Reinertsen
Download or read book Managing the Design Factory written by Donald Reinertsen and published by Simon and Schuster. This book was released on 1997-10 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the bestselling author of Developing Products in Half the Time, this book presents a comprehensive approach to managing design-in-process inventory.
Book Synopsis Building Design Cost Management by : David Jagger
Download or read book Building Design Cost Management written by David Jagger and published by Wiley-Blackwell. This book was released on 2002-08-30 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: The design and construction of building projects is a complex and demanding process. It involves a variety of disciplines, including architecture, quantity surveying, engineering and construction management. The common objective is to deliver, on behalf of clients commissioning construction work, buildings of the right quality at the right price and within the right time-scale. This introductory textbook explains the development, application and pivotal role of design cost management from inception through to completion of a project, and considers its context and relevance within current construction procurement arrangements, including design and build. The text discusses the need for improvements in communication between all those involved in the process, and outlines how to achieve better information management, underpinned by information technology, to help overcome the criticisms of the industry for too often delivering projects late, over budget and of poor quality. Building Design Cost Management will benefit all those involved in the design and construction of buildings - in particular students of architecture, quantity surveying and construction management, as it: · takes an innovative approach to explain the process of design cost management, using a practical case study to demonstrate its application, supported by a dedicated website (www.bdcm.co.uk) · includes on the website selective information from the nationally available Building Cost Information Service, to give students a dynamic modelling tool to examine and carry out design cost management
Book Synopsis Cost Management in Supply Chains by : Stefan Seuring
Download or read book Cost Management in Supply Chains written by Stefan Seuring and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: Supply Chain Management and Cost Management are important developments helping companies to respond to increased global competition and demanding customer needs. Within the 23 chapters of the book, more than 35 authors provide insights into new concepts for cost control in supply chains. The frameworks presented are illustrated with case studies from the automotive, textile, white goods, and transportation industry as well as from retailing. Academics will benefit from the wide range of approaches presented, while practitioners will learn from the examples how their own company and the supply chains which they compete in, can be brought to lower costs and better performance.
Download or read book Product Development written by Anil Mital and published by Elsevier. This book was released on 2014-08-12 with total page 539 pages. Available in PDF, EPUB and Kindle. Book excerpt: Product development teams are composed of an integrated group of professionals working from the nascent stage of new product planning through design creation and design review and then on to manufacturing planning and cost accounting. An increasingly large number of graduate and professional training programs are aimed at meeting that need by creating a better understanding of how to integrate and accelerate the entire product development process. This book is the perfect accompaniment and a comprehensive guide. The second edition of this instructional reference work presents invaluable insight into the concurrent nature of the multidisciplinary product development process. It can be used in the traditional classroom, in professional continuing education courses or for self-study. This book has a ready audience among graduate students in mechanical and industrial engineering, as well as in many MBA programs focused on manufacturing management. This is a global need that will find a receptive readership in the industrialized world particularly in the rapidly developing industrial economies of South Asia and Southeast Asia. Reviews the precepts of Product design in a step-by-step structured process and focuses on the concurrent nature of product design Helps the reader to understand the connection between initial design and interim and final design, including design review and materials selection Offers insight into roles played by product functionality, ease-of assembly, maintenance and durability, and their interaction with cost estimation and manufacturability through the application of design principles to actual products
Book Synopsis Product Design by : Catalin Alexandru
Download or read book Product Design written by Catalin Alexandru and published by BoD – Books on Demand. This book was released on 2020-10-28 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Product design is a comprehensive process related to the creation of new products, and the ability to design and develop efficient products are key to success in today’s dynamic global market. Written by experts in the field, this book provides a comprehensive overview of the product design process and its applications in various fields, particularly engineering. Over seven chapters, the authors explore such topics as development of new product design methodologies, implementation of effective methods for integrated products, development of more visualized environments for task-based conceptual design methods, and development of engineering design tools based on 3D photogrammetry, among others.
