Coverart for item
The Resource Better business decisions using cost modeling : for procurement, operations, and supply chain professionals, Victor E. Sower and Christopher H. Sower, (electronic resource)

Better business decisions using cost modeling : for procurement, operations, and supply chain professionals, Victor E. Sower and Christopher H. Sower, (electronic resource)

Label
Better business decisions using cost modeling : for procurement, operations, and supply chain professionals
Title
Better business decisions using cost modeling
Title remainder
for procurement, operations, and supply chain professionals
Statement of responsibility
Victor E. Sower and Christopher H. Sower
Creator
Contributor
Subject
Language
eng
Summary
  • Information is power in supply chain operations, negotiations, continuous improvement programs, process improvement, and indeed in all aspects of managing an operation. Accurate and timely information can result in better decisions that translate into the improvement of bottom-line results. The development and effective use of cost modeling as a method to understand the cost of products, services, and processes can help drive improvements in the quality and timeliness of decision making. In the supply chain community, an understanding of the actual cost structures of products and services, whether with new or nonpartner suppliers, can facilitate fact-based discussions that are more likely to result in agreements that are competitively priced and with fair margins. Further, accurate cost models that are cooperatively developed between supply chain partners can form the basis for joint efforts to reduce non-value-added costs and provide additional focus toward operational improvement
  • Information is power in supply chain operations, negotiations, continuous improvement programs, process improvement, and indeed in all aspects of managing an operation. Accurate and timely information can result in better decisions that translate into the improvement of bottom-line results. The development and effective use of cost modeling as a method to understand the cost of products, services, and processes can help drive improvements in the quality and timeliness of decision making. In the supply chain community, an understanding of the actual cost structures of products and services, whether with new or nonpartner suppliers, can facilitate fact-based discussions that are more likely to result in agreements that are competitively priced and with fair margins. Further, accurate cost models that are cooperatively developed between supply chain partners can form the basis for joint efforts to reduce non-value-added costs and provide additional focus toward operational improvement
  • Annotation
Member of
Cataloging source
CaBNVSL
http://library.link/vocab/creatorName
Sower, Victor E
Dewey number
658.1552
LC call number
HD47
LC item number
.S682 2012
http://library.link/vocab/relatedWorkOrContributorName
Sower, Christopher H
Series statement
Supply and operations management collection,
http://library.link/vocab/subjectName
Costs, Industrial
Summary expansion
: Information is power in supply chain operations, negotiations, continuous improvement programs, and process improvement, and indeed in all aspects of managing an operation. Accurate and timely information can result in better decisions that translate into improvement of bottom line results. The development and effective use of cost modeling as a method to understand the cost of products, services, and processes can help drive improvements in the quality and timeliness of decision making. In the supply chain community an understanding of the actual cost structures of products and services, whether with new or non-partner suppliers, can facilitate fact-based discussions which are more likely to result in agreements that are competitively priced and with fair margins. Further, accurate cost models which are cooperatively developed between supply chain partners can form the basis for joint efforts to reduce non-value-added costs and provide additional focus towards operational improvement. While many organizations feel confident they have an understanding of the cost structure for products and services produced internally, cost modeling often uncovers areas where significant cost improvement can be obtained. Cost of quality is a particular type of internal cost model that analyzes the true costs associated with the production of less than perfect products and services. The development of a cost of quality model can provide insight into how products or services of higher quality can be produced at lower cost. This book provides the business student or professional a concise guide to the creation and effective use of both internal and external cost models. Development of internal cost models is discussed with illustrations showing how they can be deployed to assist in new product development, pricing decisions, make-or-buy decisions and the identification of opportunities for internal process improvement projects. The creation and use of external cost models are discussed providing insight into how their use can drive collaborative improvement efforts among supply chain partners, better prepare for price negotiations, and keep negotiations focused on facts rather than emotions--all while allowing for future discussions with preferred suppliers to focus on more strategic and operational improvement initiatives, and less on pricing. A number of detailed cost model examples are provided to educate on both how cost models are constructed, and to demonstrate how they have been effectively deployed
Label
Better business decisions using cost modeling : for procurement, operations, and supply chain professionals, Victor E. Sower and Christopher H. Sower, (electronic resource)
Instantiates
Publication
Bibliography note
Includes bibliographical references (p. 129-132) and index
Contents
  • List of illustrations -- Acknowledgments -- Abbreviations and acronyms -- 1. Introduction -- 2. Constructing cost models -- 3. Internal cost models -- 4. Other internal cost models -- 5. External cost models for procured materials -- 6. External cost models for procured services -- 7. Total cost of ownership models -- Appendix: Data sources for cost modeling -- Notes -- References -- Index
  • List of illustrations -- Acknowledgments -- Abbreviations and acronyms -- 1. Introduction -- 2. Constructing cost models -- 3. Internal cost models -- 4. Other internal cost models -- 5. External cost models for procured materials -- 6. External cost models for procured services -- 7. Total cost of ownership models -- Appendix: Data sources for cost modeling -- Notes -- References -- Index
Control code
OCM1bookssj0000621189
Dimensions
unknown
Edition
1st ed.
Isbn
9781606492673
Isbn Type
(electronic bk.)
Other control number
10.4128/9781606492673
Publisher number
2
Specific material designation
remote
System control number
(WaSeSS)bookssj0000621189
System details
  • Mode of access: World Wide Web
  • System requirements: Adobe Acrobat reader
Label
Better business decisions using cost modeling : for procurement, operations, and supply chain professionals, Victor E. Sower and Christopher H. Sower, (electronic resource)
Publication
Bibliography note
Includes bibliographical references (p. 129-132) and index
Contents
  • List of illustrations -- Acknowledgments -- Abbreviations and acronyms -- 1. Introduction -- 2. Constructing cost models -- 3. Internal cost models -- 4. Other internal cost models -- 5. External cost models for procured materials -- 6. External cost models for procured services -- 7. Total cost of ownership models -- Appendix: Data sources for cost modeling -- Notes -- References -- Index
  • List of illustrations -- Acknowledgments -- Abbreviations and acronyms -- 1. Introduction -- 2. Constructing cost models -- 3. Internal cost models -- 4. Other internal cost models -- 5. External cost models for procured materials -- 6. External cost models for procured services -- 7. Total cost of ownership models -- Appendix: Data sources for cost modeling -- Notes -- References -- Index
Control code
OCM1bookssj0000621189
Dimensions
unknown
Edition
1st ed.
Isbn
9781606492673
Isbn Type
(electronic bk.)
Other control number
10.4128/9781606492673
Publisher number
2
Specific material designation
remote
System control number
(WaSeSS)bookssj0000621189
System details
  • Mode of access: World Wide Web
  • System requirements: Adobe Acrobat reader

Library Locations

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      38.710138 -90.311107
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