Knocking on Industry’s Door: Needs in Product-Cost Optimization in the Early Product Life Cycle Stages
While theoretical concepts for product-costing methodologies have evolved over the decades, little emphasis has been placed on their integration into modern information systems. During a co-innovation workshop at SAP SE, we initiated our collaborative research with selected large-scale enterprises f...
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| Format: | Article |
| Language: | English |
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Riga Technical University Press
2017-12-01
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| Series: | Complex Systems Informatics and Modeling Quarterly |
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| Online Access: | https://csimq-journals.rtu.lv/article/view/1905 |
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| author | Matthias Walter Christian Leyh Susanne Strahringer |
| author_facet | Matthias Walter Christian Leyh Susanne Strahringer |
| author_sort | Matthias Walter |
| collection | DOAJ |
| description | While theoretical concepts for product-costing methodologies have evolved over the decades, little emphasis has been placed on their integration into modern information systems. During a co-innovation workshop at SAP SE, we initiated our collaborative research with selected large-scale enterprises from the discrete manufacturing industry. Moreover, we conducted interviews with business experts to gain a sophisticated understanding of the cost-optimization process itself. As a result, we present an exemplary optimization process with an emphasis on the specific characteristics of the product development stage. Based upon this example, we identified associated deficits in information system support. No current software fulfills the enterprises’ requirements regarding cost optimization in the early stages of a product’s life cycle. Thus, the respective processes lack integration in corporate environments. Taking this on, our article compiles detailed problem identification and, moreover, suggests approaches to overcome these hurdles. |
| format | Article |
| id | doaj-art-0576ce6f606d4ccb8aa3e652f230adde |
| institution | OA Journals |
| issn | 2255-9922 |
| language | English |
| publishDate | 2017-12-01 |
| publisher | Riga Technical University Press |
| record_format | Article |
| series | Complex Systems Informatics and Modeling Quarterly |
| spelling | doaj-art-0576ce6f606d4ccb8aa3e652f230adde2025-08-20T01:59:30ZengRiga Technical University PressComplex Systems Informatics and Modeling Quarterly2255-99222017-12-01013436010.7250/csimq.2017-13.031105Knocking on Industry’s Door: Needs in Product-Cost Optimization in the Early Product Life Cycle StagesMatthias Walter0Christian Leyh1Susanne Strahringer2Chair of Information Systems, esp. IS in Manufacturing and Commerce Technische Universität Dresden, 01062 DresdenChair of Information Systems, esp. IS in Manufacturing and Commerce Technische Universität Dresden, 01062 DresdenChair of Information Systems, esp. IS in Manufacturing and Commerce Technische Universität Dresden, 01062 DresdenWhile theoretical concepts for product-costing methodologies have evolved over the decades, little emphasis has been placed on their integration into modern information systems. During a co-innovation workshop at SAP SE, we initiated our collaborative research with selected large-scale enterprises from the discrete manufacturing industry. Moreover, we conducted interviews with business experts to gain a sophisticated understanding of the cost-optimization process itself. As a result, we present an exemplary optimization process with an emphasis on the specific characteristics of the product development stage. Based upon this example, we identified associated deficits in information system support. No current software fulfills the enterprises’ requirements regarding cost optimization in the early stages of a product’s life cycle. Thus, the respective processes lack integration in corporate environments. Taking this on, our article compiles detailed problem identification and, moreover, suggests approaches to overcome these hurdles.https://csimq-journals.rtu.lv/article/view/1905Product costingproduct-cost optimizationproduct developmententerprise systemsproduct life cycleprocess optimization |
| spellingShingle | Matthias Walter Christian Leyh Susanne Strahringer Knocking on Industry’s Door: Needs in Product-Cost Optimization in the Early Product Life Cycle Stages Complex Systems Informatics and Modeling Quarterly Product costing product-cost optimization product development enterprise systems product life cycle process optimization |
| title | Knocking on Industry’s Door: Needs in Product-Cost Optimization in the Early Product Life Cycle Stages |
| title_full | Knocking on Industry’s Door: Needs in Product-Cost Optimization in the Early Product Life Cycle Stages |
| title_fullStr | Knocking on Industry’s Door: Needs in Product-Cost Optimization in the Early Product Life Cycle Stages |
| title_full_unstemmed | Knocking on Industry’s Door: Needs in Product-Cost Optimization in the Early Product Life Cycle Stages |
| title_short | Knocking on Industry’s Door: Needs in Product-Cost Optimization in the Early Product Life Cycle Stages |
| title_sort | knocking on industry s door needs in product cost optimization in the early product life cycle stages |
| topic | Product costing product-cost optimization product development enterprise systems product life cycle process optimization |
| url | https://csimq-journals.rtu.lv/article/view/1905 |
| work_keys_str_mv | AT matthiaswalter knockingonindustrysdoorneedsinproductcostoptimizationintheearlyproductlifecyclestages AT christianleyh knockingonindustrysdoorneedsinproductcostoptimizationintheearlyproductlifecyclestages AT susannestrahringer knockingonindustrysdoorneedsinproductcostoptimizationintheearlyproductlifecyclestages |