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Cost Management Chapter 22

Cost Management Chapter 22. ME 2027 Performance and Cost Analysis ME 2605 Cost Management and Control (for IMIM) Håkan Kullvén, KTH, 2007 Hakan.kullven@indek.kth.se. Figure 22.1 page 945. LCC, Life-cycle costing. Example 22.1 page 949. TC, Target Costing. Exhibit 22.1 page 954.

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Cost Management Chapter 22

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  1. Cost ManagementChapter 22 ME 2027 Performance and Cost Analysis ME 2605 Cost Management and Control (for IMIM) Håkan Kullvén, KTH, 2007 Hakan.kullven@indek.kth.se

  2. Figure 22.1 page 945 LCC, Life-cycle costing

  3. Example 22.1 page 949 TC, Target Costing

  4. Exhibit 22.1 page 954 ABM, Activity-based management

  5. 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

  6. Exhibit 22.2 page 960 COQ, Cost Of QualityCOE, Cost of Environment

  7. Figure 22.3 page 962 Value chain analysis Benchmarking

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

  9. 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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