Next-Generation Product Cost Management
by Markus Achtert, Taek Lim
A holistic and networked approach to cost-efficient products beyond one-time efforts

Companies in the manufacturing industry today have to face a variety of challenges emerging from volatile market environments and increasing competitive pressure. Product cost management plays an increasing role in sustaining profitability and competitiveness. The Arthur D. Little approach comprises a comprehensive guideline on how to align the organization with framework requirements, how to define roles and responsibilities therein, and how reporting and communication should be managed within the product development process.