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

Designing Strategic Cost Systems

Wiley | 2004-04-21 | ISBN: 0471653586 | 240 pages | PDF | 2,2 MB

Offering a multidisciplinary roadmap for the design, development, and implementation of a strategic cost system, this book shows how to design a cost system to become a more effective decision-making tool and a source of competitive advantage for the organisation. It describes how to structure a cost systems design project and discuss the issues that should be addressed upfront from a management, operations, and costing perspective.

This book is outstanding because it describes the reality that many organizations are facing with their cost systems and provides the tools necessary to overcome them. The information is presented in a way that is simple, easy to understand and actionable by the reader. It also provides access to a supporting website where simulations, models, exercises, and key terms can be used by readers to adapt the concepts presented to their particular organizations.

This book is a must for those business professionals that are involved in the planning, design, or re-design of their organization's cost system. It provides a step-by-step approach from the detection of an obsolete cost system to the performance measurement after the system is implemented. It also describes the common errors that should be avoided in order to have a successful system implementation.

As highlighted by the author: "A cost system should not be focused on analyzing the past, but in making the critical link among operational measures, resource utilization and cost in order to impact the future". Without a doubt this book will significantly contribute to the knowledge base and expertise of any organization that uses it as a reference to evaluate the effectiveness of their cost system as a decision-making tool

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