Cost Management Through Product Life Cycle

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Cost Management Through Product Life Cycle
Presented By Tamer A. Qaqish Pressed Steel
Product Ltd Durham University
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Contents

• Research Objectives
• Definitions
• Product Life Cycle
• Summary of Research
• Case Study
• Summary Conclusion

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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.

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Definitions

• Cost Management
• Technology Management
• Product Life Cycle Management

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Cost Management
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Technology Management

• Technology Management
• Selection
• Implementation
• Control
• Improve

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Product Life Cycle
Design
Production
Delivery Service
Planning
Design Package
PDM
ERP
Others

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Design Stage

• 75 of cost can be controlled
• Technology
• Cost Estimation
• Parametric, Feature based, Cased Based
  Reasoning, and Others
• Design to Cost
• Target Costing

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Production Stage

• Actual Production Data
• Capacity Planning
• Technology
• Cost Management

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Delivery Services

• Hidden Costs
• Technologies
• Cost Accounting
• Management Review

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Research Models

• Select and Implement the Technology
• Technology Integration
• Cost Data Management
• Business Operational Development

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Select and Implement the Technology
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Technology Integration
Design
PDM
ERP
Excel
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Costing Data Management
Design
PDM
ERP
Estimate / Quotation
Cost Estimation Product Data
Service/Delivery
Cost Analysis
Cost Reduction
Production Actual Cost
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Business Operational Development
Improvement Team
Market
Cost Analysis
Strategic Decision
Operational Decision
Management Review
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Business Operational Development

• Data Analysis
• Operational Strategic Decisions
• Cost Control /Reduction
• Business and Operational Improvements

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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

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Case Study PSP

• Small size fast growing company
• Make to order
• Short Product Life Cycle
• Technology
• Management Structure
• Resources
• Product and Market
• Services

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Summary Conclusion

• Profit Price Cost
• Estimate
• Control
• Reduce