Glossar

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• ABC Analysis
  An analytical approach for classifying accounts based on overall potential. "A" accounts are the most attractive while "C" accounts are the least attractive.
• Alternatives
  One of multiple mutually exclusive possibilities
• Benchmarking
  A point of reference for measurement, often against other companies
• Calculation
  Computation
• Calculation Software
  Computation program
• Computer Aided Design (CAD)
  Program to develop technical drawings
• Controlling Software
  Program for control- and coordination concept
• Cost Analysis
  Examination/breakdown of costs
• Cost Break Down
  Cost analysis
• Cost Driver
  Influencing factors that show the change or the increase of the structure costs
• Cost Optimization
  Improvement of costs
• Cost Planning
  Projection of total project costs
• Cost Process Optimization
  Cost optimization
• Cost Reduction
  Examination of cost drivers
• Cost Simulation
  Approach to analyze costs
• Cost Transparency
  Seamless availability and traceability of all cost drivers
• CPO
  Estimation and calculation of production costs and control of product development processes
• Design-to-cost
  Approach in product development where inexpensive solutions for individual components are already being searched for in the development stage
• Designer
  Term for a trade of a builder/designer
• Development Costs
  Costs encountered during development phase
• Enterprise-Resource-Planning (ERP)
  Software to monitor company resources
• Excel
  Spreadsheet program
• Function Hierarchy
  Structure to arrange functions in order of importance
• General Costs
  Costs that cannot be directly allocated to on cost unit
• Life-time simulation
  Simulation of all related costs over life of product
• Process Optimization
  Improvement of efficiency of existing business-, production- and development processes
• Product Controlling
  Product monitoring
• Product Cost analysis
  Examination/breakdown of product costs
• Product Cost Optimization
  Improvement of product costs
• Product Cost Simulation
  Approach to analyze product costs
• Product Costs
  Costs that the end product itself absorbs
• Product Definition Process
  Identification of customer wants and needs, draft of product ideas
• Product Development Process
  Development of ideas, verification, concept development, strategy development, product development, test phase
• Product Life Cycle
  Economic approach of life cycle within product politics of marketing
• Production Costs
  All costs that are associated during production of product
• Production Planning
  Medium- to long-term planning of processes
• Purchase Optimization
  Savings obtained in purchasing
• Purchased Part
  Material that was purchased
• Purchased Part Analysis
  Analysis of purchased parts
• Quotation Costing
  Estimation between costs and price, the difference of costs and price defines the potential profit
• Red Amber Green Indicator
  Description of project status where the importance is defined by the colors of the traffic light
• Setup Time
  Time to setup equipment of a work unit
• Target Cost Management
  Planning of cost structures during product development phase
• Target Costing
  Target cost calculation - customer orientation regarding to price
• Time-to-Market
  Product introduction phase - Duration from product development until placement of product
• Value Analysis
  An active system to solve complex systems
• Variant Management
  Approach to master diversity of variants of a product
• Variant Matrix
  Spreadsheet view of article variants
• Working Costs
  Costs that are being spent in order to fulfill a specific function