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YOUR COMPANY LOGO Cost Drivers Learning Event, 2 nd November 2005 Cost Management Through Product Life Cycle Presented By: Tamer A. Qaqish Pressed Steel.

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Presentation on theme: "YOUR COMPANY LOGO Cost Drivers Learning Event, 2 nd November 2005 Cost Management Through Product Life Cycle Presented By: Tamer A. Qaqish Pressed Steel."— Presentation transcript:

1 YOUR COMPANY LOGO Cost Drivers Learning Event, 2 nd November 2005 Cost Management Through Product Life Cycle Presented By: Tamer A. Qaqish Pressed Steel Product Ltd Durham University

2 YOUR COMPANY LOGO Cost Drivers Learning Event, 2 nd November 2005 Contents Research Objectives Definitions Product Life Cycle Summary of Research Case Study Summary & Conclusion

3 YOUR COMPANY LOGO Cost Drivers Learning Event, 2 nd November 2005 Research Objectives To develop tools and techniques to manage the implementation and control of information system technologies in SMEs To develop tools and techniques to manage costing data through Product Life Cycle.

4 YOUR COMPANY LOGO Cost Drivers Learning Event, 2 nd November 2005 Definitions Cost Management Technology Management Product Life Cycle Management

5 YOUR COMPANY LOGO Cost Drivers Learning Event, 2 nd November 2005 Cost Management Cost Management Human Resources Supply chainTechnology Improvement & Control Top Management

6 YOUR COMPANY LOGO Cost Drivers Learning Event, 2 nd November 2005 Technology Management Selection Implementation Control Improve Implementation ControlImprove Selection

7 YOUR COMPANY LOGO Cost Drivers Learning Event, 2 nd November 2005 Product Life Cycle DesignProduction Delivery Service Planning Design Package PDMERPOthers £££ £

8 YOUR COMPANY LOGO Cost Drivers Learning Event, 2 nd November 2005 Design Stage 75% of cost can be controlled Technology Cost Estimation Parametric, Feature based, Cased Based Reasoning, and Others Design to Cost Target Costing

9 YOUR COMPANY LOGO Cost Drivers Learning Event, 2 nd November 2005 Production Stage Actual Production Data Capacity Planning Technology Cost Management

10 YOUR COMPANY LOGO Cost Drivers Learning Event, 2 nd November 2005 Delivery & Services Hidden Costs Technologies Cost Accounting Management Review

11 YOUR COMPANY LOGO Cost Drivers Learning Event, 2 nd November 2005 Research & Models Select and Implement the Technology Technology Integration Cost Data Management Business & Operational Development

12 YOUR COMPANY LOGO Cost Drivers Learning Event, 2 nd November 2005 Select and Implement the Technology

13 YOUR COMPANY LOGO Cost Drivers Learning Event, 2 nd November 2005 Technology Integration Design PDMERP Excel

14 YOUR COMPANY LOGO Cost Drivers Learning Event, 2 nd November 2005 Costing Data Management Estimate / Quotation Production Actual Cost Cost Analysis Cost Estimation Product Data DesignPDMERP Service/ Delivery Cost Reduction

15 YOUR COMPANY LOGO Cost Drivers Learning Event, 2 nd November 2005 Business & Operational Development Cost Analysis Management Review Strategic Decision Operational Decision Market Improvement Team

16 YOUR COMPANY LOGO Cost Drivers Learning Event, 2 nd November 2005 Business & Operational Development Data Analysis Operational & Strategic Decisions Cost Control /Reduction Business and Operational Improvements

17 YOUR COMPANY LOGO Cost Drivers Learning Event, 2 nd November 2005 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

18 YOUR COMPANY LOGO Cost Drivers Learning Event, 2 nd November 2005 Case Study PSP Small size fast growing company Make to order Short Product Life Cycle Technology Management Structure Resources Product and Market Services

19 YOUR COMPANY LOGO Cost Drivers Learning Event, 2 nd November 2005 Summary & Conclusion Profit = Price – Cost Estimate Control Reduce


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