AIA/NAS 1524-2012 pdf download STANDARDIZATION SAVINGS, IDENTIFICATION & CALCULATION
SCOPE
Purpose
The practices established in this document provide uniformity in identification and calculation of the majoridentifiable cost avoidance and cost reduction savings factors resulting from standardization projects.
Technical Requirement Identification
The practices detailed in this document provide for calculating savings and cost avoidance as a result of thefollowing factors which are identified by their respective requirement identifiers:
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Standardization Savings from Increased Quantity Purchases
Standardization Savings in Paperwork and Handling
StandardizationSavings from Reduced Storage Requirements
Standardization Savings from Reduced Engineering Search Time
Standardization Savings Using a Stocked Standard Part in lieu of Establishing a New StandardStandardization Savings from Using a Stocked Standard Part in lieu of a New DesignStandardization Savings from Control and Reduction of the Number of Items in Inventory through
Simplification or Use of a Supersedure ProcedureStandardization Savings from Using a Stocked Standard Part in lieu of a Nonstocked PartStandardization Savings from Using a Design Standard in lieu of detailing the Data Completely onthe Drawing
REFERENCED DOCUMENTS
Appendix 10 lists general useful references.
Appendix 20 lists tangible and intangible factors to be considered in identifying and calculating standardizationsavings.
DEFINITIONS
Cost Avoidance
A decrease in the targeted overall cost for accomplishing a function. Such a decrease is made before actual costfigures are available for the product or service involved.
Cost Reduction
A decrease in the committed or established overall cost for accomplishing a function.
Economic Order Quantity
The order size at which the unit cost of purchasing and stocking an inventory item is at its owest, To find theEconomic Order Quantity (sometimes called the lot quantity or order quantity) it is necessary to calculate al costsconnected with an order, including restocking costs and carrying costs.
AIA/NAS 1524-2012 pdf download
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