Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/36067
Title: Philosophy of cost management
Authors: Khoo, Raymond Ghee Choon.
Keywords: DRNTU::Engineering::Industrial engineering::Operations research
Issue Date: 2006
Abstract: The thesis objective is to explore the Cost Management and its philosophies, and the engagement with the supplier who understands the reality to produce the part. Cost Management is the buzzword in many industries. Traditional approach to send request for quote (RFQ) to suppliers and the quotation received would ask, "Is this a fair price to pay?" The supplier needs to be profitable to enable a supply chain to continue supply with good parts. The win-win approach is proposed, so that the supplier would have profits and develop good business partnership. The partnership is to develop possibilities to reduce cost and waste management philosophies like lean production. The proposal is to incorporate Cost Management philosophy, with tools like Cost Model, to predict the Should Cost.
Description: 120 p.
URI: http://hdl.handle.net/10356/36067
Fulltext Permission: restricted
Fulltext Availability: With Fulltext
Appears in Collections:MAE Theses

Files in This Item:
File Description SizeFormat 
MAE_THESES_29.pdf
  Restricted Access
13.87 MBAdobe PDFView/Open

Page view(s) 10

303
checked on Oct 25, 2020

Download(s) 10

12
checked on Oct 25, 2020

Google ScholarTM

Check

Items in DR-NTU are protected by copyright, with all rights reserved, unless otherwise indicated.