Strategic Cost Management

Strategic Cost Management
  • Author : John K. Shank,Vijay Govindarajan
  • Publisher : Simon and Schuster
  • Pages : 271
  • Relase : 1993-01
  • ISBN : 9780029126516

Strategic Cost Management Book Review:

In this book, Shank and Govindarajan demonstrate how strategic cost management - an analytical framework which relates meaningful accounting information to a firm's business strategy - is changing accounting practices in leading companies. Using case studies, including Ciba-Geigy, Ford, Motorola and Texas Instruments, they show how the tools of strategic cost management - value chain analysis, strategic positioning analysis and cost driver analysis - provide a sustainable competitive advantage over companies whose cost systems are in disarray.

Contemporary Issues in Management Accounting

Contemporary Issues in Management Accounting
  • Author : Alnoor Bhimani
  • Publisher : Oxford University Press
  • Pages : 447
  • Relase : 2006
  • ISBN : 9780199283354

Contemporary Issues in Management Accounting Book Review:

Other chapters deal with newly emerging concerns in management accounting, including network relations, integrated cost management systems, knowledge management pursuits, environmental management accounting, and accounting and digitisation. Each chapter encompasses discussions of basic premises complemented by insights from modern day practice, research and thought. This makes the book particularly suitable for students in intermediate, advanced and executive level courses in management accounting. It also provides an extensive corpus of discussions, which will inform those in practice. Readers interested in gaining direct insights into specialised management accounting areas will find this book to be an especially valuable reference source

Cost Management

Cost Management
  • Author : Edward Blocher,Edward J. Blocher,David Edward Stout,Gary Cokins
  • Publisher : McGraw-Hill Medical Publishing
  • Pages : 961
  • Relase : 2010
  • ISBN : 0071267484

Cost Management Book Review:

Covers the strategic management topics in cost accounting. This title helps students to understand about the management and the role of cost accounting in helping an organization succeed. It addresses issues such as: How does a firm compete? and What type of cost management information is needed for a firm to succeed?

Strategic Cost Analysis

Strategic Cost Analysis
  • Author : Roger Hussey
  • Publisher : Business Expert Press
  • Pages : 165
  • Relase : 2012-01-24
  • ISBN : 9781606492406

Strategic Cost Analysis Book Review:

Increasing business competition is compelling managers not only to develop realistic and achievable strategies but also to analyze goals in financial terms and to evaluate performance. Whether in manufacturing, service, or the non-profit sector managers need to know the key methods and techniques of cost analysis. The interaction of the organisation's activities, the influences of the external world and the responsibilities of managers need to be captured in financial terms to plan, control and make decisions. Sales managers, production managers, HR managers, amongst others, are recipients of financial information which they are expected to understand. They need to appreciate the impact of their decisions on costs, selling prices, investment decisions and profit. They must be able to analyse, communicate and act on financial information to be a valuable member of the management team. This text explains in simple language the methods and techniques of cost analysis that can be applied strategically at any level in an organization. The busy manager will find that the cost information provided will help them plan and control the activities for which they are responsible and also make strategic decisions in the most effective way. Whether you are in a manufacturing or service organisation, the book will help you to answer the four questions: What did it cost? What should it have cost? How can we improve? What is our next strategic move? No prior knowledge of accounting or statistics is required. The book defines all key terms and emphasizes the essential knowledge of analyzing cost in a strategic context.

Big Data Analytics for Improved Accuracy, Efficiency, and Decision Making in Digital Marketing

Big Data Analytics for Improved Accuracy, Efficiency, and Decision Making in Digital Marketing
  • Author : Singh, Amandeep
  • Publisher : IGI Global
  • Pages : 310
  • Relase : 2021-06-18
  • ISBN : 9781799872337

Big Data Analytics for Improved Accuracy, Efficiency, and Decision Making in Digital Marketing Book Review:

The availability of big data, low-cost commodity hardware, and new information management and analytic software have produced a unique moment in the history of data analysis. The convergence of these trends means that we have the capabilities required to analyze astonishing data sets quickly and cost-effectively for the first time in history. They represent a genuine leap forward and a clear opportunity to realize enormous gains in terms of efficiency, productivity, revenue, and profitability especially in digital marketing. Data plays a huge role in understanding valuable insights about target demographics and customer preferences. From every interaction with technology, regardless of whether it is active or passive, we are creating new data that can describe us. If analyzed correctly, these data points can explain a lot about our behavior, personalities, and life events. Companies can leverage these insights for product improvements, business strategy, and marketing campaigns to cater to the target customers. Big Data Analytics for Improved Accuracy, Efficiency, and Decision Making in Digital Marketing aids understanding of big data in terms of digital marketing for meaningful analysis of information that can improve marketing efforts and strategies using the latest digital techniques. The chapters cover a wide array of essential marketing topics and techniques, including search engine marketing, consumer behavior, social media marketing, online advertising, and how they interact with big data. This book is essential for professionals and researchers working in the field of analytics, data, and digital marketing, along with marketers, advertisers, brand managers, social media specialists, managers, sales professionals, practitioners, researchers, academicians, and students looking for the latest information on how big data is being used in digital marketing strategies.

Target Costing

Target Costing
  • Author : Shahid L. Ansari,Jan E. Bell
  • Publisher : Mountain Valley Pub Llc
  • Pages : 264
  • Relase : 2009-06-01
  • ISBN : 1934940690

Target Costing Book Review:

"Target Costing is an essential tool for companies striving to achieve and maintain a position of true cost competitiveness."--Back cover.

Managing Public Services

Managing Public Services
  • Author : Irvine Lapsley,Ola Mattisson
  • Publisher : Routledge
  • Pages : 216
  • Relase : 2021-11-24
  • ISBN : 9781000475869

Managing Public Services Book Review:

This book explores innovations in public management, including establishing a corporate vision, strategizing an organization and change management. Chapters provide a valuable frame of reference for the 21st-century manager of public services by assessing the renewal of existing practices such as strategic costing, performance management, digitization and procurement and innovations in management practices, including branding, Lean Management, resilience and risk management. The book suggests that, as the management of public services is imbued with financial, social, economic and political uncertainties, management needs to be flexible and responsive to new ideas and practices to fulfil its purpose. This book ultimately supports the reflective manager, those who think about their job and are open to new ideas on how their job can be done better, by revisiting existing practices and examining innovations in public management. Enriched with real-life cases and thought-provoking discussion questions, this is the ideal textbook for reflective, open-minded advanced students of public management and actual, or aspiring, reflective managers in public services.

Cost Management in Supply Chains

Cost Management in Supply Chains
  • Author : Stefan Seuring,Maria Goldbach
  • Publisher : Springer Science & Business Media
  • Pages : 435
  • Relase : 2013-03-09
  • ISBN : 9783662113776

Cost Management in Supply Chains Book Review:

Supply Chain Management and Cost Management are important developments helping companies to respond to increased global competition and demanding customer needs. Within the 23 chapters of the book, more than 35 authors provide insights into new concepts for cost control in supply chains. The frameworks presented are illustrated with case studies from the automotive, textile, white goods, and transportation industry as well as from retailing. Academics will benefit from the wide range of approaches presented, while practitioners will learn from the examples how their own company and the supply chains which they compete in, can be brought to lower costs and better performance.

The Routledge Companion to Cost Management

The Routledge Companion to Cost Management
  • Author : Falconer Mitchell,Hanne Nørreklit,Morten Jakobsen
  • Publisher : Routledge
  • Pages : 396
  • Relase : 2013-08-22
  • ISBN : 9781136234286

The Routledge Companion to Cost Management Book Review:

Over the last two decades, cost management has been an area of dynamic change and development. This is evident in the extensive inventory of new, high-profile techniques that have emerged. With cost management now firmly established as a distinct sub-discipline within management accounting, The Routledge Companion to Cost Management is a timely reference volume covering both practical developments and research in this area. Topics covered include: Cost control issues Cost analysis and decision making Cost management systems Environmental cost management With chapters from an international team of contributors, this prestigious companion will prove an indispensible addition to any library with aspirations of keeping up-to-date with the world of accounting.

Fit for Growth

Fit for Growth
  • Author : Vinay Couto,John Plansky,Deniz Caglar
  • Publisher : John Wiley & Sons
  • Pages : 291
  • Relase : 2017-01-10
  • ISBN : 9781119268536

Fit for Growth Book Review:

A practical approach to business transformation Fit for Growth* is a unique approach to business transformation that explicitly connects growth strategy with cost management and organization restructuring. Drawing on 70-plus years of strategy consulting experience and in-depth research, the experts at PwC’s Strategy& lay out a winning framework that helps CEOs and senior executives transform their organizations for sustainable, profitable growth. This approach gives structure to strategy while promoting lasting change. Examples from Strategy&’s hundreds of clients illustrate successful transformation on the ground, and illuminate how senior and middle managers are able to take ownership and even thrive during difficult periods of transition. Throughout the Fit for Growth process, the focus is on maintaining consistent high-value performance while enabling fundamental change. Strategy& has helped major clients around the globe achieve significant and sustained results with its research-backed approach to restructuring and cost reduction. This book provides practical guidance for leveraging that expertise to make the choices that allow companies to: Achieve growth while reducing costs Manage transformation and transition productively Create lasting competitive advantage Deliver reliable, high-value performance Sustainable success is founded on efficiency and high performance. Companies are always looking to do more with less, but their efforts often work against them in the long run. Total business transformation requires total buy-in, and it entails a series of decisions that must not be made lightly. The Fit for Growth approach provides a clear strategy and practical framework for growth-oriented change, with expert guidance on getting it right. *Fit for Growth is a registered service mark of PwC Strategy& Inc. in the United States

Strategic Business Management

Strategic Business Management
  • Author : Gary Cokins
  • Publisher : John Wiley & Sons
  • Pages : 178
  • Relase : 2017-05-15
  • ISBN : 9781937352356

Strategic Business Management Book Review:

Planning, budgeting, and operations assessment are directly linked to future performance. While measured performance provides managers with the key information necessary to steer an organisation to success. This publication uses detailed graphics and diagrams to provide you with a clear understanding of the dynamic intersection between key management and organisation leadership topics that management accountants need to master in order to fill a strategic leadership role within their organizations. Presenting core theories alongside practical applications, this publication will help you effectively move your organisation toward strategic goals. Author Gary Cokins uses his deep knowledge of the subject matter to deliver an easy-to-follow road map to effective and strategic management through: Establishing the integral links between planning and performance Demonstrating how risk management and performance assessment impact planning Applying business analytics and Big Data in the finance and accounting functions as well as marketing, sales, operations and other functions Evaluating the effectiveness of a strategy map and the balanced scorecard as a management tool Tying budgeting to strategy and measuring the effectiveness of both via ongoing performance Written in a plain, straight-forward fashion that will allow you to draw immediate value from its content, this book pulls together several topics in an elegant, yet sophisticated approach, understandable to experienced and new managers alike. Strategic Business Management: From Planning to Performance is a must-have resource in any financial manager’s office library.

Transaction Cost Management

Transaction Cost Management
  • Author : Chihiro Suematsu
  • Publisher : Springer
  • Pages : 273
  • Relase : 2014-08-07
  • ISBN : 9783319068893

Transaction Cost Management Book Review:

All organizations, institutions, business processes, markets and strategies have one aim in common: the reduction of transaction costs. This aim is pursued relentlessly in practice, and has been perceived to bring about drastic changes, especially in the recent global market and the cyber economy. This book analyzes and describes “transactions” as a model, on the basis of which organizations, institutions and business processes can be appropriately shaped. It tracks transaction costs to enable a scientific approach instead of a widely used “state-of-the-art” approach, working to bridge the gap between theory and practice. This open access book analyzes and describes “transactions” as a model...

Cost Management Guidebook

Cost Management Guidebook
  • Author : Steven M. Bragg
  • Publisher : Accounting Tools
  • Pages : 285
  • Relase : 2014-09-22
  • ISBN : 1938910435

Cost Management Guidebook Book Review:

The Cost Management Guidebook describes a number of tools that can be used to examine the cost structure of a business, including analyses for cost objects, constraints, and processes. The book also addresses how to reduce costs in all of the major areas of a corporation, including compensation, sales, production, procurement, and administration. There are extensive discussions of asset reduction techniques, as well as cost management reports and measurements.

Strategic Cost Management and Performance Evaluation

Strategic Cost Management and Performance Evaluation
  • Author : Saxena V.K.
  • Publisher : Sultan Chand & Sons
  • Pages :
  • Relase :
  • ISBN : 9789351611585

Strategic Cost Management and Performance Evaluation Book Review:

Language and approach used is simple, effective and informal. Approach in the book has been adapted considering the typical present examination requirements of the Professional students preparing for the final examinations under new syllabuses (Paper 5 of the Institute of Chartered Accountants and Paper 15 of the Institute of Cost Accountants of India).

Target Costing and Value Engineering

Target Costing and Value Engineering
  • Author : Robin Cooper
  • Publisher : Routledge
  • Pages : 359
  • Relase : 2017-10-19
  • ISBN : 9781351411769

Target Costing and Value Engineering Book Review:

What would happen if everyone in your company followed a disciplined approach to cost reduction? Go ahead -- imagine it. What would it look like? How can it be done? The answer -- smart cost management. Effective cost management must start at the design stage. As much as 90-95% of a product's costs are added in the design process. That is why effective cost management programs focus on design and manufacturing. The primary cost management method to control cost during design is a combination of target costing and value engineering. Target Costing Objectives: Identify the cost at which your product must be manufactured at if it is to earn its profit margin at its expected target selling price. Break the target cost down to its component level and have your suppliers find ways to deliver the components they sell you at the set target prices while still making adequate returns. Value Engineering: The connection to function: An organized effort and team based approach to analyze the functions of goods and services that the design stage, and find ways to achieve those functions in a manner that allows the firm to meet its target costs. The result: Added value for your company (development costs on-line with added value for your company; development costs on-line with selling prices) and added value for your customer (higher quality products that meet, possibly even exceed, customer expectations.)

Japanese Cost Management

Japanese Cost Management
  • Author : Yasuhiro Monden
  • Publisher : World Scientific
  • Pages : 490
  • Relase : 2000
  • ISBN : 9781860941856

Japanese Cost Management Book Review:

This book deals with the systems of cost reduction that originated in Japan. These are mostly new systems that did not exist in western practices before they were utilized in Japan. The book also presents the Japanese ways of carrying out the globally popular cost reduction practices.(1) It describes the strategic cost management conducted by top management through alliances between companies and/or between government and industry.(2) It shows the functional cost reduction systems along the various phases of the product life cycle, as follows: R&D ? Product development ? Manufacturing ? Administration and indirect operations(3) It conducts some humanistic or behavioral aspects of Japanese cost reduction systems.

Cost Management

Cost Management
  • Author : Edward Blocher
  • Publisher :
  • Pages :
  • Relase : 2018
  • ISBN : 1259917029

Cost Management Book Review:

Supply Chain Excellence

Supply Chain Excellence
  • Author : Jimmy ANKLESARIA
  • Publisher : AMACOM
  • Pages : 256
  • Relase : 2007-11-14
  • ISBN : 9780814409480

Supply Chain Excellence Book Review:

For most supply chains, cost reduction is imperative to long-term survival. Yet identifying the costs that can be eliminated – and then doing so effectively – can prove impossible without the right method. This book introduces the same process the author has used to save companies like IBM, Kodak, and DuPont billions of dollars, simply by harnessing the knowledge of suppliers. Using real-life case studies and examples, the book takes readers step-by-step through the process, showing them how to move beyond negotiation and: * identify critical costs in the supply chain * measure secondary and tertiary costs * develop strategic options * reduce, change, or eliminate activities that produce costs * implement an action plan * verify the plan with cost monitors * continually improve and modify the process The book gives readers everything they need to implement this powerful system, and bring genuine and permanent savings to their company

Supply Chain Development for the Lean Enterprise

Supply Chain Development for the Lean Enterprise
  • Author : Robin Cooper
  • Publisher : Routledge
  • Pages : 544
  • Relase : 2017-12-06
  • ISBN : 9781351412728

Supply Chain Development for the Lean Enterprise Book Review:

Four questions determine whether a company is using interorganizational cost management. Does your firm set specific cost-reduction objectives for its suppliers? Does your firm help its customers and/or suppliers find ways to achieve their cost-education objectives? Does your firm take into account the profitability of its suppliers when negotiating component pricing with them? Is your firm continuously making its buyer-supplier interfaces more efficient? If the answer to any of these questions is ""no"", your firm risks introducing products that cost too much or are not competitive. The full potential of the supply network can be realized only when the entire supply chain adopts interorganizational cost management practices. Competitive pressure has led many firms to try to increase the efficiency of supplier firms through interorganizational cost management systems, a structured approach to coordinating the activities of firms in a supplier network to reduce the total costs in the network. It is particularly important to lean enterprises for two reasons: Lean enterprises typically outsource more of the added value of their products than their mass producer counterparts. Lean enterprises usually compete more aggressively and must manage costs more effectively. Interorganizational cost management can reduce costs in three ways: through product design, through product manufacture and through cooperative approaches between buyers and suppliers to build smoother interfaces. However, more than just cost management must cross interorganizational boundaries. Suppliers are also a major source of innovation for lean enterprises. Successful supplier networks encourage every firm in the network to innovate and compete more aggressively. Read this book to learn to manage the supply chain to forge competitive advantage while reducing costs.

Cornerstones of Cost Management

Cornerstones of Cost Management
  • Author : Don R. Hansen,Maryanne M. Mowen,Dan L. Heitger
  • Publisher : South-Western College
  • Pages : 1136
  • Relase : 2021-02-03
  • ISBN : 0357141091

Cornerstones of Cost Management Book Review:

Gain an understanding of the principles behind cost accounting and its importance in organizational decision making and business today with the unique, reader-friendly approach in Hansen/Mowen/Heitger�s COST MANAGEMENT, 5E. This edition addresses functional-based cost and control and, then, activity-based cost systems - giving you the skills to navigate any cost management system. Updates address emerging developments, including the role of data analytics in cost management today. An entire new chapter also examines global issues, such as virtual currency and blockchain. This edition's approach is tailored to the way you learn. Structured examples from familiar companies emphasize the real-world applications and relevance of what you are learning. Clear explanations review the concepts behind each equation or topic, detailing the "hows," "whys" and "what-ifs." Integrated CengageNOWv2 resources provide additional computerized exercises and problems for practice and review.