Cost Management Through Product Life Cycle

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Presentation transcript:

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

Cost 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

Select and Implement the Technology

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