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The Resource Better business decisions using cost modeling, Victor E. Sower, Christopher H. Sower, (electronic resource)

Better business decisions using cost modeling, Victor E. Sower, Christopher H. Sower, (electronic resource)

Label
Better business decisions using cost modeling
Title
Better business decisions using cost modeling
Statement of responsibility
Victor E. Sower, 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 bottomline 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 processes, 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 bottomline 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 processes, 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 bottomline 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 processes, 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
  • 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 bottomline 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 processes, 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
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 2015
http://library.link/vocab/relatedWorkOrContributorName
Sower, Christopher H
Series statement
Supply and operations management collection,
http://library.link/vocab/subjectName
Costs, Industrial
Summary expansion
This book provides the business 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, Victor E. Sower, Christopher H. Sower, (electronic resource)
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 163-164) and index
Contents
  • 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 -- 8. Probabilistic cost models -- Epilogue -- Appendix A. Data sources for cost modeling -- Appendix B. Simulation software used to illustrate chapter 8 -- Notes -- References -- Index
  • 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 -- 8. Probabilistic cost models -- Epilogue -- Appendix A. Data sources for cost modeling -- Appendix B. Simulation software used to illustrate chapter 8 -- Notes -- References -- Index
  • 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 -- 8. Probabilistic cost models -- Epilogue -- Appendix A. Data sources for cost modeling -- Appendix B. Simulation software used to illustrate chapter 8 -- Notes -- References -- Index
  • 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 -- 8. Probabilistic cost models -- Epilogue -- Appendix A. Data sources for cost modeling -- Appendix B. Simulation software used to illustrate chapter 8 -- Notes -- References -- Index
Control code
OCM1bookssib020709971
Dimensions
unknown
Edition
Second edition.
Extent
1 online resource (xviii, 171 pages)
Governing access note
License restrictions may limit access
Isbn
9781631570681
Specific material designation
remote
System control number
(WaSeSS)ssib020709971
System details
  • Mode of access: World Wide Web
  • System requirements: Adobe Acrobat reader
Label
Better business decisions using cost modeling, Victor E. Sower, Christopher H. Sower, (electronic resource)
Publication
Bibliography note
Includes bibliographical references (pages 163-164) and index
Contents
  • 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 -- 8. Probabilistic cost models -- Epilogue -- Appendix A. Data sources for cost modeling -- Appendix B. Simulation software used to illustrate chapter 8 -- Notes -- References -- Index
  • 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 -- 8. Probabilistic cost models -- Epilogue -- Appendix A. Data sources for cost modeling -- Appendix B. Simulation software used to illustrate chapter 8 -- Notes -- References -- Index
  • 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 -- 8. Probabilistic cost models -- Epilogue -- Appendix A. Data sources for cost modeling -- Appendix B. Simulation software used to illustrate chapter 8 -- Notes -- References -- Index
  • 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 -- 8. Probabilistic cost models -- Epilogue -- Appendix A. Data sources for cost modeling -- Appendix B. Simulation software used to illustrate chapter 8 -- Notes -- References -- Index
Control code
OCM1bookssib020709971
Dimensions
unknown
Edition
Second edition.
Extent
1 online resource (xviii, 171 pages)
Governing access note
License restrictions may limit access
Isbn
9781631570681
Specific material designation
remote
System control number
(WaSeSS)ssib020709971
System details
  • Mode of access: World Wide Web
  • System requirements: Adobe Acrobat reader

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