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Module 4 (Part B: Strategic cost management (Life cycle, target and kaizen…
Module 4
Part B: Strategic cost management
Increasing efficiency without reducing costs - the spare capacity dilemma (p.389)
structural cost drivers
executional cost drivers
Life cycle, target and kaizen costing
Product life cycle (p.391)
Target costing (p.393)
Kaizen costing (p.396)
End of economic life: reverse flows in the value chain
Activity-based management and continuous improvement
Activity-based management
Business process management
Continuous improvement
Social and environmental value chain analysis
Part A: Applying SMA concepts, tools and techniques to the value chain
ABC
Benefit of the ABC system
Time driven activity-based costing
Adjusting TDABC for more complex activities
Levers for managing value-creating activities
2 forms of product functionality of interest to customers
hard function
soft function
Customer value and setting prices
Part C: Strategic profit management
Upstream activities: Supplier management
Supplier management
Global supplier
Supplier codes of conduct
Minimizing inventory levels
Supply chain disruptions
supplier failure
logistics failure
natural disasters
geopolitical events
Vendor or supplier selection
Total quality management
Doing it right the 1st time & zero defects
cost of controlling quality vs cost of failing to control quality
Appraisal costs
Internal failure
Prevention costs
External failure
outsourcing and offshoring
Downstream activities: Customer profitability analysis