Abstract
Financial benefits of products and services during the whole life cycle can be challenging to communicate to different stakeholders in industrial networks. To support the decision-making processes, the supplier and its network partners should discuss with the buyers the pros and cons achieved by their products and services and transform those into monetary values. There is a need for tools to facilitate the communication in the network. The aim of this chapter is to describe how product service suppliers and their network partners can support their customers by providing information about life cycle costs with the help of a LCC tool. The chapter describes the role of a LCC tool in a network, related background theory, LCC calculation process, and a case example.
Original language | English |
---|---|
Title of host publication | Practices for Network Management |
Subtitle of host publication | In Search of Collaborative Advantage |
Editors | Jukka Vesalainen, Katri Valkokari, Magnus Hellström |
Place of Publication | Cham |
Publisher | Palgrave Macmillan |
Pages | 205-217 |
ISBN (Electronic) | 978-3-319-49649-8 |
ISBN (Print) | 978-3-319-49648-1, 978-3-319-84208-0 |
DOIs | |
Publication status | Published - 1 Jan 2017 |
MoE publication type | A3 Part of a book or another research book |
Keywords
- life cycle cost
- value communication
- industrial networks