Philosophy of cost management

120 p.

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Bibliographic Details
Main Author: Khoo, Raymond Ghee Choon.
Other Authors: School of Mechanical and Aerospace Engineering
Format: Theses and Dissertations
Published: 2010
Subjects:
Online Access:http://hdl.handle.net/10356/36067
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Institution: Nanyang Technological University
id sg-ntu-dr.10356-36067
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spelling sg-ntu-dr.10356-360672023-03-11T17:06:54Z Philosophy of cost management Khoo, Raymond Ghee Choon. School of Mechanical and Aerospace Engineering DRNTU::Engineering::Industrial engineering::Operations research 120 p. 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. Master of Science (Logistics) 2010-04-23T02:26:22Z 2010-04-23T02:26:22Z 2006 2006 Thesis http://hdl.handle.net/10356/36067 application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
topic DRNTU::Engineering::Industrial engineering::Operations research
spellingShingle DRNTU::Engineering::Industrial engineering::Operations research
Khoo, Raymond Ghee Choon.
Philosophy of cost management
description 120 p.
author2 School of Mechanical and Aerospace Engineering
author_facet School of Mechanical and Aerospace Engineering
Khoo, Raymond Ghee Choon.
format Theses and Dissertations
author Khoo, Raymond Ghee Choon.
author_sort Khoo, Raymond Ghee Choon.
title Philosophy of cost management
title_short Philosophy of cost management
title_full Philosophy of cost management
title_fullStr Philosophy of cost management
title_full_unstemmed Philosophy of cost management
title_sort philosophy of cost management
publishDate 2010
url http://hdl.handle.net/10356/36067
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