In today's hyper-competitive, global marketplace, a manufacturing company needs a competitive edge if it is to survive and grow. That edge could be anything from superior manufacturing technology to innovative product design; from patent protection to solid, well-established customer relationships. One competitive edge available to all manufacturers, but realized by only a few, is the ability to accurately measure, control, and optimize costs throughout a product's entire life cycle. The lack of a methodology to engineer cost optimization into every product makes attaining and maintaining profitability all that the more difficult. Cost Engineering provides a means for a manufacturer to achieve and sustain profitability by designing and manufacturing products to specific cost requirements. It incorporates a variety of proven methodologies including cost estimating, cost control, and cost optimization. Features: Describes the components and organization of an effective cost optimization process Provides detailed explanations of cost estimating techniques for many of the most common manufacturing processes Explains the selection and use of appropriate cost allocation methods Presents the fundamentals of cost-based negotiation Includes both proper and improper executions of cost engineering principles The details presented in this book are important to design engineers, manufacturing engineers, buyers, accountants, cost estimators, cost optimization specialists, and their managers and provides CEOs, COOs, general managers, product line managers, and plant managers with guidance on improving and sustaining profitability. .

The Cost is a story of a cost engineering consultant named Doug Benson who does his best to help companies understand and improve cost. When Doug arrives at Electronica, the company is on a verge of bankruptcy and hardly even knows why. He must use all his cost engineering knowledge and leadership skills amidst some considerable corporate drama all the while fighting his own personal demons in order to give Electronica a chance. The type of situations that he finds himself in are happening all over the world every day and the results are often dramatic with people losing jobs, stakeholders losing millions of dollars, and communities losing hope. The Cost is not only for those in the cost engineering field. This book is for everyone that is in a manufacturing business. It is for engineers, buyers, sales reps, accountants, operations folks, and business consultants. This book is also for anyone that is leading a business and has the power to employ cost engineering to make their company successful.

Defines the correct cost optimization process Provides detailed explanation of cost estimating techniques Presents cost estimating techniques for various manufacturing processes Offers cost based negotiation training Explains how to build a cost engineering organization