How can collaborative cost management of inventory for manufacturers in the United States be managed

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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How can collaborative cost management of inventory for manufacturers in the United States be managed

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Collaborative Cost Management (CCM) has different applications across the item lifecycle. Cooperation between cross-useful groups, for example, designing, fabricating, store network, buying, providers during early item improvement stage, will assist with lessening costs through continuous perceivability to generally speaking item cost and designated drives to oversee it. CCM helps discover inventive approaches to diminish costs helping all gatherings.

 

When the objective cost is set for subsystems, CCM can be presented in stages. Stage 1 - Pre-CCM, Phase 2 – During Design and Phase 3 - Post CCM, when cost drivers are evaluated on the continuous premise and moves are made to deal with the item cost.

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