The major benefits from cost-reduction efforts occur when supply management is involved in the new-product/service development

		Cost Driver Analysis
		Strategic Positioning
		Life Cycle Costing
		Value Chain Management

Deals with the relationship between what a customer pays and the total costs incurred over the lifecycle of using the product

		Cost Driver Analysis
		Strategic Positioning
		Life Cycle Costing
		Value Chain Management

the linked set of value-creating activities from basic raw materials to the disposal of the finished products by end-use customers

		Cost Driver Analysis
		Strategic Positioning
		Life Cycle Costing
		Value Chain Management

The role of cost analysis differs in important ways depending on how the firm chooses to compete - cost leadership vs. product differentiation

		Cost Driver Analysis
		Strategic Positioning
		Life Cycle Costing
		Value Chain Management

the structural determinants of the cost of an activity,reflecting any linkages or interrelationships that affect it

		Cost Driver Analysis
		Strategic Positioning
		Life Cycle Costing
		Value Chain Management