Spend Analysis and Specification Development Using Failure Interpretation

Format:

Book

Author/Creator:

Holloway, Michael D., 1963- author.

Language:

English

Subjects (All):

Production management.

Costs, Industrial--Evaluation.

Costs, Industrial.

Cost control.

Production control.

Industrial procurement.

Physical Description:

1 online resource (342 p.)

Edition:

First edition.

Place of Publication:

London : Taylor and Francis, 2016.

Language Note:

English

Summary:

"Considering that the biggest machines that do the most work are made up of smaller machines and components, it becomes obvious that when a large machine breaks, it is normally due to small components acting antagonistically. Detailing a time-tested method for increasing productivity and lowering operational costs, Spend Analysis and Specification Development Using Failure Interpretation explains how to establish performance-based procurement specifications for the components, devices, and items that contribute the most to operational downtime and repair/replacement costs. The book emphasizes the critical need to perform both spend and failure analysis in order to develop a procurement document, which will ultimately reduce overall costs. Accompanied by a CD with helpful materia. such as, specification checklists, case study worksheets, form letters, and return on investment (ROI) worksheets that you can customize to your needs, the text discusses how to:Identify th. products that will cost the most if they fail Develop performance-based procurement specifications to reduce direct and indirect costs Examine cost analysis as it relates to operations, maintenance, and productionDetermine effective criteria based on properties, test results, and standards for each operationWritten by an industry expert with decades of experience giving seminars, training customers and associates, and authoring numerous papers and articles, the text provides the real-world understanding of the influential components and materials’ physical properties needed to engage in effective failure and spend analysis. It addresses product submission and monitoring and includes helpful tools so you can immediately get started on conducting your own cost-saving analysis. "--Provided by publisher.

Contents:

Front Cover; Contents; Foreword; Acknowledgments; The Author; Chapter 1: Buy Bye; Chapter 2: Buying to Save-Cost and Value; Chapter 3: Source of Failure; Chapter 4: Using the Information Gathered; Chapter 5: Finalizing the Purchasing Specification and Selecting Vendors; Appendix; Bibliography; Back Cover

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

9781040081372

1040081371

9780429251269

0429251262

9781439851081

1439851085

OCLC:

1014381637