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Cost Management Through Product Life Cycle. Presented By: Tamer A. Qaqish Pressed Steel Product Ltd Durham University. Contents. Research Objectives Definitions Product Life Cycle Summary of Research Case Study Summary & Conclusion. Research Objectives.
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Cost Management Through Product Life Cycle Presented By: Tamer A. Qaqish Pressed Steel Product Ltd Durham University
Contents • Research Objectives • Definitions • Product Life Cycle • Summary of Research • Case Study • Summary & Conclusion
Research Objectives • To develop tools and techniques to manage the implementation and control of information system technologies in SME’s • To develop tools and techniques to manage costing data through Product Life Cycle.
Definitions • Cost Management • Technology Management • Product Life Cycle Management
Technology Management Technology Management • Selection • Implementation • Control • Improve
Product Life Cycle £ Design Planning Production Delivery Service Design Package PDM ERP Others £ £ £
Design Stage • 75% of cost can be controlled • Technology • Cost Estimation • Parametric, Feature based, Cased Based Reasoning, and Others • Design to Cost • Target Costing
Production Stage • Actual Production Data • Capacity Planning • Technology • Cost Management
Delivery & Services • Hidden Costs • Technologies • Cost Accounting • Management Review
Research & Models • Select and Implement the Technology • Technology Integration • Cost Data Management • Business & Operational Development
Technology Integration Design PDM ERP Excel
Costing Data Management Design PDM ERP Estimate / Quotation Cost Estimation Product Data Service/Delivery Cost Reduction Cost Analysis Production Actual Cost
Business & Operational Development Improvement Team Market Operational Decision Cost Analysis Strategic Decision Management Review
Business & Operational Development • Data Analysis • Operational & Strategic Decisions • Cost Control /Reduction • Business and Operational Improvements
Case study PSP PSP established in 1998 providing products for the building and cladding industry. These include many standard products as well as special bespoke products
Case Study PSP • Small size fast growing company • Make to order • Short Product Life Cycle • Technology • Management Structure • Resources • Product and Market • Services
Summary & Conclusion Profit = Price – Cost Estimate Control Reduce