TY  - GEN
AB  - 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.
AU  - Sower, Victor E.,
AU  - Sower, Christopher H.,
CN  - HD47
ET  - Second edition.
ID  - 841683
KW  - Costs, Industrial
KW  - Cost model
KW  - Should-cost model
KW  - projected cost model
KW  - crossover model
KW  - cost of quality
KW  - purchasing
KW  - negotiation
KW  - cost management
KW  - strategic sourcing
KW  - procurement
KW  - Excel applications
KW  - supply chain management
KW  - make or buy
KW  - non-value-added cost reduction
KW  - breakeven
KW  - learning curve
KW  - total cost of ownership
KW  - net present value
KW  - simulation
KW  - expected value
LK  - https://univsouthin.idm.oclc.org/login?url=https://ebookcentral.proquest.com/lib/usiricelib-ebooks/detail.action?docID=1963728
N2  - 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.
SN  - 9781631570681
T1  - Better business decisions using cost modeling /
TI  - Better business decisions using cost modeling /
UR  - https://univsouthin.idm.oclc.org/login?url=https://ebookcentral.proquest.com/lib/usiricelib-ebooks/detail.action?docID=1963728
ER  -