Designing Strategic Cost Systems: How to Unleash the Power by Lianabel Oliver

By Lianabel Oliver

Providing a multidisciplinary roadmap for the layout, improvement, and implementation of a strategic price method, this ebook exhibits how one can layout a value approach to develop into a more suitable decision-making software and a resource of aggressive virtue for the agency. It describes how one can constitution a price structures layout venture and talk about the problems that are supposed to be addressed in advance from a administration, operations, and costing perspective.
encompasses a URL web site containing keywords and beneficial Excel templates.
Highlights the logistics of placing jointly and dealing with the venture team.
Addresses the technical and political matters which could come up because the venture unfolds.

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Extra info for Designing Strategic Cost Systems: How to Unleash the Power of Cost Information

Example text

Development of the project schedule. The project timetable details the tasks involved in the design and implementation process. It defines the major milestones, identifies the tasks to be accomplished, assigns responsibility for each task listed, and sets due dates.

6. Cost systems should be relevant for decision making. 7. Cost systems should be dynamic. Attributes of a Strategic Cost System 25 Key Attribute 1: Cost Systems Should Be Simple This attribute seems like motherhood and apple pie. Conceptually, we could probably all agree that cost systems should be simple. The implementation of this concept is where the rubber meets the road. Business processes are complex. The challenge is to structure your costing system so that it captures this complexity in a simple manner, understanding the trade-offs that this design might entail.

If the employees responsible for entering and maintaining this information do not follow the established data entry procedures or perform these incorrectly, these errors will eventually result in inaccurate financial information. 20 What Constitutes a Strategic Cost System? Moreover, operational procedures must be consistent with the established costing methodology. At one of my clients, quality samples taken from the production line were entered into the production control system as good output.

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