Semester:
Fall of every year, Spring of every year
Credits:
Total Credits: 2 Lecture/Recitation/Discussion Hours: 2
Restrictions:
Open to juniors or seniors in the Supply Chain Management Major.
Description:
Pricing and cost management basics, cost models, parametric cost modeling, process mapping for cost management, total cost of ownership, target costing for purchased materials, value analysis and value engineering, using cost analysis to support purchase negotiations, current trends in cost management.