O'Reilly logo

Manufacturing Process Selection Handbook by J. D. Booker, K. G. Swift

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 12

Component Costing

12.1 Introduction

For financial control and successful marketing it is necessary to have cost targets and realisations throughout the product introduction process. Product cost is virtually always a prime element in decision-making in the manufacturing industry. The main problem in product introduction is the provision of reliable cost information in the early stages of the design process, for the comparison of alternative conceptual designs and assessment of the myriad of ways in which a product may be structured during concept development.

Cost estimates are needed to determine the viability of projects and to minimise project and product costs. The inadequate nature of the historical standard costing methods and ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required