Who is CAM-I

Background on CAM-I

Who is CAM-I

What is CAM-I

CAM-I (Consortium for Advanced Management-International) is an international consortium of industry, government and research organizations.

CAM-I Mission

To serve as a collaborative forum of thought leaders who develop practical and effective management tools, techniques and methods to advance the way organizations manage costs, processes and performance.

About CAM-I

  • Founded with Department of Commerce support in 1972
  • Non-Profit, 501c3, Collaborative Membership Organization
  • CAM-I’s membership is diverse - Manufacturing, Service Companies, Government, Consulting Companies and Associations

University and Professional Affiliations

University and Professional Affiliations

 

Technical and Knowledge Partners

  • Great Lakes Institute of Management – Chennai
  • Confederation of Indian Industries (CII)
  • IMS International
  • Institute for Defense Analyses

 

University and Professional Affiliations

 

University and College Affiliations

  • Arizona State University
  • Babson College
  • Kellogg (Northwestern)
  • London School of Economics
  • The University of Akron
  • Weber State University

 


Organizations who have and are working with CAM-I

Organizations who have and are working with CAM-I

 


Current and Past Initiatives

CAM-I Cross

Current Initiatives and Special Interest Groups

  • Cost Management and Target Costing
  • Demonstrating the Value in Business Support Functions
  • Performance Management
  • Environmental Sustainability
  • Forecasting for procurement of complex acquisition and support projects

Other significant areas CAM-I has worked on

  • Change Adaptation and Learning
  • Process Based Management
  • Business Intelligence
  • Closed Loop Planning and Budgeting
  • Operational Data and Cost Measurement
  • Customer Profitability
  • Capacity Management
  • Resource Consumption Accounting

 


Target Costing and Cost Management

Target Costing Overview

Shifting Focus

The Target Costing implementation framework tailored by CAM-I provides the basis to attain desired "should cost"

Target Costing requires a sound knowledge of:

  • Customer perception of value
  • Design impact of components
  • Accuracy in supplier cost estimates

This model has been adopted by several member companies including Boeing, Caterpillar, Chrysler, Desser-Rand, Rockwell Collins, Texas Instruments, Whirlpool and Navistar

 

Target Value

Target Value

Value itself is a function of performance (timeliness, accuracy, usefulness, quality) and cost to produce and/or provide a service

Target Value is the level of performance that a product or service must achieve in order to meet customer expectations

Achieving Target Value requires a sound knowledge of:

  • Components of Value
  • Activities that contribute to the components
  • Level of resources consumed to hit target

 

Value Analysis

Value Analysis
  • Enables organizations to channel their product/service development activities to areas which provide the greatest customer value
  • Helps identify the relationship between spending and a product’s functional requirements, as defined by the customer
  • Key to the successful deployment of target costing for products or services, a profit planning and cost management process organizations use to control costs during the design stage of new product/service development

Risk-Value Curve

Risk Value Curve

Performance Management Framework (PMF)

The PMF 8 Step Implementation Process

The CAM-I PMF is a holistic methodology that identifies key enablers influencing business performance. The framework pinpoints gaps in enabler maturity and, depending on the assessed level of organizational readiness, recommends specific techniques to improve performance and appropriate measures to track the improvement.

Closed Loop Planning and Budgeting Framework

Closed Loop Planning and Budgeting Framework

CAM-I: Types of Deliverables

  • Management Accounting Guidelines.
  • White papers, position papers, Standards and Benchmarks.
  • Methodology – Product of developing an organized system of principles, philosophies from group experiences and applications.
  • Models - Models for analytics and various business functions.
  • Tools - Support the management and measurement of business processes.
  • Training – Based on application by organizations, techniques, best practices, tangible ROI’s and use of current technologies.

 


Examples of Recent Accomplishments

  • Total Cost to Serve Model, December 2019.
  • The Value Analysis Process, June 2019.
  • Supplier Costing method – Cost Engineer (estimator) need to Accurately estimate the Brownsfield cost to manufacture a component at a known supplier by modeling their specific processes and cost structure, June 2019.
  • The Risk-Value Curve: How to optimize Risk and generate value for your organization, Public Risk, January 2019.
  • CAM-I work on Integrated Risk and Value Management published in Public Risk Magazine, August 2018, and January 2019. Jennifer Hills from King County received Risk Manager of the year award.
  • Building an Activity-Based Model for Environmental footprint – A proof of concept case – Cost Management Publication (November December 2018)
  • Performance Management Assessment and Framework

 

CAM-I Spring Meeting

March 9-11, 2020, Alexandria, VA

CAM-I 2020 Meetings

  • February 13 - 14 2020, 30 Finsbury Square, London, United Kingdom
  • March 9 - 11 2020, Alexandria, Virginia
  • June 8 - 10 2020, Seattle, Washington
  • September 14 - 16 2020, Alexandria, Virginia
  • October 19 - 20 2020, United Kingdom, Bristol
  • December 7 - 9 2020, Austin, Texas