Integrated Cost Management (PowerPoint PPTX)

DESCRIPTION

There is a general belief among organizations that a large percentage of a product’s costs are locked in by design. It is assumed that little can be done once the design is set. This assumption has influenced Cost Management Programs across diverse products’ life cycles. As a result, the focus during the design phase is Cost Reduction and Cost Containment during manufacturing phase.

Yet, organizations that operated in highly competitive market and demanded aggressive Cost Management showed that costs can be aggressively managed throughout the Product Life Cycle. Various Cost Management Strategies or techniques may be used to increase the program’s overall effectiveness.

This framework provides a clear perspective of Integrated Cost Management and the 5 Cost Management Strategies that can serve as tools to effective Cost Management.

1. Target Costing
2. Product-specific Kaizen Costing
3. General Kaizen Costing
4. Functional Group Management
5. Product Offering

The 5 Cost Management Strategies must be integrated, with the outputs of some techniques acting as inputs to others to substantially reduce costs throughout the Product Life Cycle.

This deck also includes slide templates for you to use in your own business presentations

Integrated Cost Management is a 21st-century approach that ensures cost efficiency across the entire Product Life Cycle. This deck provides a comprehensive overview of the five key strategies—Target Costing, Product-specific Kaizen Costing, General Kaizen Costing, Functional Group Management, and Product Costing. Each strategy is designed to be integrated, with outputs from one serving as inputs to others, creating a cohesive system that drives down costs effectively.

This presentation also includes practical templates for immediate application in your business. Companies that adopt these strategies can expect significant cost reductions, streamlined processes, and enhanced competitiveness. The framework is built on proven methodologies and offers actionable insights for achieving cost-sensitive design processes and substantial savings during manufacturing.

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Source: Best Practices in Cost Reduction, Cost Management, Kaizen PowerPoint Slides: Integrated Cost Management PowerPoint (PPTX) Presentation, LearnPPT Consulting