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Books > Business & Economics > Business & management > Management of specific areas > Budgeting & financial management
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Guide to Cost Management (Hardcover)
Loot Price: R6,492
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Guide to Cost Management (Hardcover)
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Cost management is an umbrella term for tools, methods and
operating philosophies such as activity-based costing,
activity-based management, performance measurement, benchmarking
and best practices, target costing, continuous improvement and
total quality management. It largely supersedes traditional cost
and management accounting. This book provides implementation
methods to promote and evaluate continuous improvement, and each
chapter is written by a well-known cost management expert. It shows
how to find new ways to manage product life cycles, how to create
better systems to manage performance, and how to obtain more
accurate product costs. (Kirkus UK)
Controllers recognize that modern cost management helps their companies make better operational and strategic decisions. By using such tools as ABC, ABM, balanced scorecard, and target costing, controllers can make their corporations leaders in their industry and create a competitive edge over corporations that are still relying on the "old time religion" of variance analysis, budgets, and cost-volume profit analysis.
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