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)
Resource Information
The item Better business decisions using cost modeling : for procurement, operations, and supply chain professionals, Victor E. Sower and Christopher H. Sower, (electronic resource) represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Swedenborg Library, Bryn Athyn College.This item is available to borrow from 1 library branch.
Resource Information
The item Better business decisions using cost modeling : for procurement, operations, and supply chain professionals, Victor E. Sower and Christopher H. Sower, (electronic resource) represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Swedenborg Library, Bryn Athyn College.
This item is available to borrow from 1 library branch.
- 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
- Language
- eng
- Edition
- 1st ed.
- Extent
- 1 online resource (17 entries)
- 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
- Isbn
- 9781782680604
- 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
- Subject
-
- Electronic books
- Excel applications
- breakeven
- cost management
- cost model
- cost of quality
- crossover model
- learning curve
- make or buy
- negotiation
- net present value
- non-value-added cost reduction
- procurement
- projected cost model
- purchasing
- should-cost model
- strategic sourcing
- supply chain management
- total cost of ownership
- Costs, Industrial -- Mathematical models
- 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
- 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
- https://brynathyn.idm.oclc.org/login?url=http://search.credoreference.com/content/title/bepcostmod
- 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
- https://brynathyn.idm.oclc.org/login?url=http://search.credoreference.com/content/title/bepcostmod
- 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
Subject
- Electronic books
- Excel applications
- breakeven
- cost management
- cost model
- cost of quality
- crossover model
- learning curve
- make or buy
- negotiation
- net present value
- non-value-added cost reduction
- procurement
- projected cost model
- purchasing
- should-cost model
- strategic sourcing
- supply chain management
- total cost of ownership
- Costs, Industrial -- Mathematical models
Genre
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.brynathyn.edu/portal/Better-business-decisions-using-cost-modeling-/3PpLo4N5ao8/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.brynathyn.edu/portal/Better-business-decisions-using-cost-modeling-/3PpLo4N5ao8/">Better business decisions using cost modeling : for procurement, operations, and supply chain professionals, Victor E. Sower and Christopher H. Sower, (electronic resource)</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.brynathyn.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.brynathyn.edu/">Swedenborg Library, Bryn Athyn College</a></span></span></span></span></div>
