What is the life cycle costing? Why so important?

S

s_warin

#1
In ISO 9004:2000, except from Cost of Quality, there is life cycle costing that does not consistence with ISO 9001:2000. What is the life cycle costing? Why it is so important in performance improvemnt?:rolleyes: :eek: :biglaugh: :vfunny: :)
 
Elsmar Forum Sponsor
#2
LCC => A Life Cycle Cost Analysis is a method of calculating the cost of a system over its entire life span.

Basically, you can buy something cheap and then pay a fortune to keep it in working order, or pay more when you buy it and maybe get away with lower maintenance costs.

/Claes
 
R

Randy Stewart

#3
I posted a document called LCC Overview in the thread Maintenance FMEA. If you look at that document I believe it will answer you questions.
 
S

s_warin

#4
Where to find LLC Overview?

Dear Randy,
Where to find LLC Overview? I have searched in FMEA, but not find. Please help!
Regards,
Warin:(
 
S

s_warin

#6
Standard on Life cycle cost.

Thank you,
I have unearthed 3 standards on Life cycle costing. Thank you for your help.:agree:
 
S

s_warin

#7
What are the impacts of Life Cycle Costing to Selling and Marketing?

The question just popped up this morning.

What are the impacts of Life Cycle Costing to Selling and Marketing?

If the marketer or salesperson knows the concepts of life cycle costing, the performance will be better or not? Why? How?
 
S

sxbalasu

#8
Life Cycle Costing

I think LCC belongs to reliability and this has to be done during the design process itself becos we have to determine the reliability of the product and determine the LCC. I think since reliability also goes in with quality it is better to start a forum for reliability. Can any body suggest to Marc regarding this.
Thanks
siva
 
S

s_warin

#9
The publications on Life Cycle Costing

I make a decision to researching on Life Cycle Costing. Please tell me the publications on the topic. I think it will help not only in manufacturing but also in marketing, especially in selling. You can satisfy more to your customers by using Life Cycle Costing.
 
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