
- 378 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
About this book
Why do companies exert high effort to reduce the costs of products that are production? Because they can! Because unnecessary product costs were not removed during product development.
C-O-S-T, short for Cost Optimization System and Technique, details how a company's product development teams, their supporting functions, and company leaders can optimize product costs before production starts and thereby maximize lifecycle profits.
Since product development teams determine product costs imparted to new products, much of the book details how these teams optimize product costs. The book also includes ways company leaders can create and sustain company-wide engagement in optimizing product costs and keeping the resulting increased profit margins.
The reader is entertained while observing a three-day workshop where executives of a fictitious company, Defender Products, Inc. are being taught the C-O-S-T system by its developers. The story flows like a business workshop with slides, dialog, and break-out sessions.
The content will benefit all companies that design, develop and manufacture products.
Frequently asked questions
- Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
- Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.4M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Information
Table of contents
- Cover
- Half-Title Page
- Title Page
- Copyright
- Description
- Contents
- Acknowledgments
- Introduction
- Chapter 1 The Executive Workshop Kickoff
- Chapter 2 Potential Impact of the C-O-S-T Approach
- Chapter 3 C-O-S-T Overview
- Chapter 4 Best Competitive Strategy
- Chapter 5 Cost of Goods Sold
- Chapter 6 High-Impact Value Stream
- Chapter 7 Eight Types of Waste
- Chapter 8 Optimized Cost of Goods Sold
- Chapter 9 Innovation Through Production
- Chapter 10 Engaged CEO, Top, and Middle Management
- Chapter 11 Product Development Team
- Chapter 12 Cost Optimization Manager
- Chapter 13 Dinner at Terra Nelore
- Chapter 14 Cost Optimization Manager: Talent, Skill, and Knowledge
- Chapter 15 Cost Optimization Executive
- Chapter 16 Support Functions
- Chapter 17 Cost Optimization Workshop
- Chapter 18 Idea Implementation
- Chapter 19 Master Ideas List
- Chapter 20 Methods Benchmarking
- Chapter 21 Advancing the Benchmark
- Chapter 22 Dinner at Bill and Carla’s
- Chapter 23 Value Engineering
- Chapter 24 Cost Optimization Key Measures
- Chapter 25 Reports/Reviews
- Chapter 26 Margin Protection
- Chapter 27 Aligned Operating Expenses
- Chapter 28 C-O-S-T Training
- Chapter 29 C-O-S-T Maturation and Culture
- Notes
- References
- Glossary
- About the Author
- Index
- Backcover