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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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slide1

Cost Management Through Product Life Cycle

Presented By: Tamer A. Qaqish

Pressed Steel Product Ltd

Durham University

contents
Contents
  • Research Objectives
  • Definitions
  • Product Life Cycle
  • Summary of Research
  • Case Study
  • Summary & Conclusion
research objectives
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
Definitions
  • Cost Management
  • Technology Management
  • Product Life Cycle Management
technology management
Technology Management

Technology Management

  • Selection
  • Implementation
  • Control
  • Improve
product life cycle
Product Life Cycle

£

Design

Planning

Production

Delivery

Service

Design

Package

PDM

ERP

Others

£

£

£

design stage
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
Production Stage
  • Actual Production Data
  • Capacity Planning
  • Technology
  • Cost Management
delivery services
Delivery & Services
  • Hidden Costs
  • Technologies
  • Cost Accounting
  • Management Review
research models
Research & Models
  • Select and Implement the Technology
  • Technology Integration
  • Cost Data Management
  • Business & Operational Development
technology integration
Technology Integration

Design

PDM

ERP

Excel

costing data management
Costing Data Management

Design

PDM

ERP

Estimate / Quotation

Cost Estimation

Product Data

Service/Delivery

Cost Reduction

Cost Analysis

Production

Actual Cost

business operational development
Business & Operational Development

Improvement

Team

Market

Operational

Decision

Cost

Analysis

Strategic

Decision

Management

Review

business operational development1
Business & Operational Development
  • Data Analysis
  • Operational & Strategic Decisions
  • Cost Control /Reduction
  • Business and Operational Improvements
case study psp
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 psp1
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
Summary & Conclusion

Profit = Price – Cost

Estimate

Control

Reduce