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
Genre
Language
eng
Summary
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
Member of
Additional physical form
Also available in print version.
Cataloging source
CaBNVSL
http://library.link/vocab/creatorName
Sower, Victor E
Illustrations
illustrations
Index
no index present
LC call number
HD47
LC item number
.S682 2012 EBOOK
Literary form
non fiction
Nature of contents
  • dictionaries
  • abstracts summaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Sower, Christopher H
  • Credo Reference (Firm)
Series statement
Supply and operations management collection,
http://library.link/vocab/subjectName
Costs, Industrial
Target audience
specialized
Label
Better business decisions using cost modeling : for procurement, operations, and supply chain professionals, Victor E. Sower and Christopher H. Sower, (electronic resource)
Link
http://search.credoreference.com/content/title/bepcostmod
Instantiates
Publication
Bibliography note
Includes bibliographical references
Color
multicolored
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 -- Appendix: Data sources for cost modeling -- References
Control code
9781782680604
Dimensions
unknown
Edition
1st ed.
Extent
1 online resource (17 entries)
Form of item
online
Governing access note
Access restricted to authorized users and institutions
Isbn
9781782680604
Isbn Type
(online)
Other physical details
59 images, digital files.
Specific material designation
remote
System control number
  • (CaBNVSL)slc00231441
  • (Credo)bepcostmod2011
  • (OCoLC)825028281
System details
Mode of access: World Wide Web
Label
Better business decisions using cost modeling : for procurement, operations, and supply chain professionals, Victor E. Sower and Christopher H. Sower, (electronic resource)
Link
http://search.credoreference.com/content/title/bepcostmod
Publication
Bibliography note
Includes bibliographical references
Color
multicolored
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 -- Appendix: Data sources for cost modeling -- References
Control code
9781782680604
Dimensions
unknown
Edition
1st ed.
Extent
1 online resource (17 entries)
Form of item
online
Governing access note
Access restricted to authorized users and institutions
Isbn
9781782680604
Isbn Type
(online)
Other physical details
59 images, digital files.
Specific material designation
remote
System control number
  • (CaBNVSL)slc00231441
  • (Credo)bepcostmod2011
  • (OCoLC)825028281
System details
Mode of access: World Wide Web

Library Locations

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      2925 College Drive, Bryn Athyn, PA, 19009, US
      40.1343319 -75.0607419
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