Total cost management: a new approach. (Financial Management): An article from: Industrial Management

This digital document is an article from Industrial Management, published by Institute of Industrial Engineers, Inc. (IIE) on May 1, 1994. The length of the article is 3604 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The usage of total cost management (TCM) as an alternative to traditional cost reduction techniques was discussed. TCM is a strategic business concept intended to institute long-term cost reduction by considering an organization's cost structure and by coordinating competitive strategy, technological decisions, personnel planning and investment management. A model of TCM with nine components was presented. Some of the components were mission/goals, top management focus, technology, monitoring and control, culture, continuous education and commitment.

Citation Details
Title: Total cost management: a new approach. (Financial Management)
Author: Deborah J. Fisher
Publication:Industrial Management (Magazine/Journal)
Date: May 1, 1994
Publisher: Institute of Industrial Engineers, Inc. (IIE)
Volume: v36 Issue: n3 Page: p1(4)

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