Cost Management Chapter 22 ME 2027 Performance and Cost Analysis ME 2605 Cost Management and Control (for IMIM) Håkan Kullvén, KTH, 2007

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Cost Management Chapter 22 ME 2027 Performance and Cost Analysis ME 2605 Cost Management and Control (for IMIM) Håkan Kullvén, KTH, 2007

LCC, Life-cycle costing Figure 22.1 page 945

TC, Target Costing Example 22.1 page 949

ABM, Activity-based management Exhibit 22.1 page 954

BPR, Business Process Re- engineering A business process consists of a collection of activities that are linked together in a co-ordinated manner to achieve a specific objective. BPR is for −Cost reduction −Simplification −Improved quality and enhanced customer satisfaction

COQ, Cost Of Quality COE, Cost of Environment Exhibit 22.2 page 960

Value chain analysis Figure 22.3 page 962 Benchmarking

JIT, Just-In-Time 1.Elimination of non-value added activities 2.Zero inventory 3.Zero defects 4.Batch sizes of one 5.Zero breakdowns 6.A 100 % on-time delivery service 7.Changes in factory layout 8.Purchasing arrangements

Next, we… will close the course with strategic management accounting, an area that connects cost management with strategies of an organization with the help of e.g. Balanced scorecards Chapter 23

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