Philosophy of cost management
120 p.
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| Other Authors: | |
| Format: | Thesis |
| Published: |
2010
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| Online Access: | http://hdl.handle.net/10356/36067 |
| _version_ | 1826121529349373952 |
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| author | Khoo, Raymond Ghee Choon. |
| author2 | School of Mechanical and Aerospace Engineering |
| author_facet | School of Mechanical and Aerospace Engineering Khoo, Raymond Ghee Choon. |
| author_sort | Khoo, Raymond Ghee Choon. |
| collection | NTU |
| description | 120 p. |
| first_indexed | 2024-10-01T05:34:04Z |
| format | Thesis |
| id | ntu-10356/36067 |
| institution | Nanyang Technological University |
| last_indexed | 2024-10-01T05:34:04Z |
| publishDate | 2010 |
| record_format | dspace |
| spelling | ntu-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 |
| spellingShingle | DRNTU::Engineering::Industrial engineering::Operations research Khoo, Raymond Ghee Choon. Philosophy of cost management |
| title | Philosophy of cost management |
| title_full | Philosophy of cost management |
| title_fullStr | Philosophy of cost management |
| title_full_unstemmed | Philosophy of cost management |
| title_short | Philosophy of cost management |
| title_sort | philosophy of cost management |
| topic | DRNTU::Engineering::Industrial engineering::Operations research |
| url | http://hdl.handle.net/10356/36067 |
| work_keys_str_mv | AT khooraymondgheechoon philosophyofcostmanagement |