Cost Management

World-Class Cost Management 

World-Class Cost Management  enables cost measurement across collaborative enterprises. Measurement across collaborative enterprises is difficult since it requires coordination, technology, education, and investment between members. These collaborative relationships are based on the knowledge that all members must be satisfied with the value received for their contributions. Members of these relationships recognize that money dedicated to relationships must be allocated in a manner that ensures the viability of the parties involved. Developing and managing these relationships requires extensive cost management data accumulation and dissemination, transparency of costs, and improved knowledge and skills.   To achieve world-class cost management, companies and their chains need to address improperly allocated costs, life cycle costs, total costs, hidden costs, international exchange costs, and disruption costs, such as those caused by a pandemic or act of nature.

This is a 2008 version of the step chart.  Showing an old chart is intentional.  Contact RI for the latest, updated version.