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Cost management in lean manufacturing enterprises

By: Series: Cost Engineer ; 40(5) November 2002, 16-21(6)Publication details: 2002Subject(s): Summary: Overviews integrated cost management techniques. Breaksdown the 'survival triplet' of cost/price, functionality and quality in a definition of survival zones for successful products. Concludes that the most important characteristic is management of the cost/price system, as most current systems fail to manage the costs in the product design stage, where most of the product costs are committed, or manage the costs of components from suppliers.

Overviews integrated cost management techniques. Breaksdown the 'survival triplet' of cost/price, functionality and quality in a definition of survival zones for successful products. Concludes that the most important characteristic is management of the cost/price system, as most current systems fail to manage the costs in the product design stage, where most of the product costs are committed, or manage the costs of components from suppliers.