A roadmap for cost engineering in the automotive supplier sector

Paul Baguley*, Paul G. Maropoulos, Robert Pease

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)

Abstract

The advent of global competition has introduced the need for new competitive manufacturing strategies. The implementation of new strategies has a dramatic effect on measuring product cost compared to traditional management accounting methods. It is found that new cost management methods are required to measure success and support decision-making within the new strategies. One example is the consequences of using traditional management accounting methods for measuring the effects of lean having catastrophic results during reporting. Such results steer managers away from lean manufacture based upon a false picture of the potential benefits. This research examines cost management methods potentially applicable within the automotive supplier sector. Because of the lack of cost-related data collected within the supplier sector companies, this paper ends with a demonstration of a novel method for use in data scarce environments.

Original languageEnglish
Pages (from-to)265-283
Number of pages19
JournalInternational Journal of Manufacturing Technology and Management
Volume15
Issue number3-4
Publication statusPublished - Sept 2008
Externally publishedYes

Keywords

  • Agile
  • Cost engineering
  • Cost management
  • Cost models
  • Lean

ASJC Scopus subject areas

  • Computer Science Applications
  • Strategy and Management
  • Industrial and Manufacturing Engineering
  • Information Systems and Management
  • Electrical and Electronic Engineering

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