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Designing Cost Management Systems to Support Business Decision-Making

Designing Cost Management Systems to Support Business Decision-Making PDF Author: Pieter Buys
Publisher:
ISBN: 9789811617522
Category :
Languages : en
Pages : 0

Book Description
This book illustrates the importance effective cost management systems in providing a supportive environment in which reliable and relevant management information can be generated. Such a cost management system is only attainable if the importance of key business, operational and stakeholder requirements are recognised within the organisational context. In illustrating this importance, this book provides several case studies as examples thereof. The first two case studies focus on the engineering sector and illustrates the development of a cost management system in a water recycling context; and the design of a budgetary system in a mining engineering context. The remaining case studies focus on the services sector, including cost management systems for a digital technology services provider and a medical insurance services provider; an alternative activity-based costing approach for a public sector services provider; and finally a re-designed value stream for an automotive services provider. Academic researchers and industry managers in the fields of management accounting and financial management, as well as engineering and operations management, will find value in the experiences described herein. Pieter Buys is Research Director: Management Cybernetics Research Entity and Professor of Accounting Sciences at the North-West University, South Africa. He holds a Ph.D. in management accounting and is Certified Management Accountant (CMA). His research focuses on management accounting and business process re-engineering. Previously, he occupied management positions in Canada and South Africa.

Designing Cost Management Systems to Support Business Decision-Making

Designing Cost Management Systems to Support Business Decision-Making PDF Author: Pieter Buys
Publisher:
ISBN: 9789811617522
Category :
Languages : en
Pages : 0

Book Description
This book illustrates the importance effective cost management systems in providing a supportive environment in which reliable and relevant management information can be generated. Such a cost management system is only attainable if the importance of key business, operational and stakeholder requirements are recognised within the organisational context. In illustrating this importance, this book provides several case studies as examples thereof. The first two case studies focus on the engineering sector and illustrates the development of a cost management system in a water recycling context; and the design of a budgetary system in a mining engineering context. The remaining case studies focus on the services sector, including cost management systems for a digital technology services provider and a medical insurance services provider; an alternative activity-based costing approach for a public sector services provider; and finally a re-designed value stream for an automotive services provider. Academic researchers and industry managers in the fields of management accounting and financial management, as well as engineering and operations management, will find value in the experiences described herein. Pieter Buys is Research Director: Management Cybernetics Research Entity and Professor of Accounting Sciences at the North-West University, South Africa. He holds a Ph.D. in management accounting and is Certified Management Accountant (CMA). His research focuses on management accounting and business process re-engineering. Previously, he occupied management positions in Canada and South Africa.

Designing Cost Management Systems to Support Business Decision-Making

Designing Cost Management Systems to Support Business Decision-Making PDF Author: Pieter Buys
Publisher: Springer Nature
ISBN: 9811617511
Category : Business & Economics
Languages : en
Pages : 158

Book Description
This book illustrates the importance effective cost management systems in providing a supportive environment in which reliable and relevant management information can be generated. Such a cost management system is only attainable if the importance of key business, operational and stakeholder requirements are recognised within the organisational context. In illustrating this importance, this book provides several case studies as examples thereof. The first two case studies focus on the engineering sector and illustrates the development of a cost management system in a water recycling context; and the design of a budgetary system in a mining engineering context. The remaining case studies focus on the services sector, including cost management systems for a digital technology services provider and a medical insurance services provider; an alternative activity-based costing approach for a public sector services provider; and finally a re-designed value stream for an automotive services provider. Academic researchers and industry managers in the fields of management accounting and financial management, as well as engineering and operations management, will find value in the experiences described herein.

Designing Strategic Cost Systems

Designing Strategic Cost Systems PDF Author: Lianabel Oliver
Publisher: John Wiley & Sons
ISBN: 0471662690
Category : Business & Economics
Languages : en
Pages : 242

Book Description
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. Includes a URL site containing key terms and helpful Excel templates. Highlights the logistics of putting together and managing the project team. Addresses the technical and political issues that may arise as the project unfolds.

Playing to Win

Playing to Win PDF Author: Alan G. Lafley
Publisher: Harvard Business Press
ISBN: 142218739X
Category : Business & Economics
Languages : en
Pages : 274

Book Description
Explains how companies must pinpoint business strategies to a few critically important choices, identifying common blunders while outlining simple exercises and questions that can guide day-to-day and long-term decisions.

The Design of Cost Management Systems

The Design of Cost Management Systems PDF Author: Robin Cooper
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 600

Book Description
During the past years, the limitations of traditional cost accounting systems in today's competitive environment have been widely documented. This text provides material that enables the reader to analyze the defects of existing, traditional systems and offers advice on designing systems.

EBOOK: Cost Management: Strategies for Business Decisions, International Edition

EBOOK: Cost Management: Strategies for Business Decisions, International Edition PDF Author: Marc Wouters
Publisher: McGraw Hill
ISBN: 0077147286
Category : Business & Economics
Languages : en
Pages : 899

Book Description
This book is an adaptation of the successful US text Cost Management by Hilton, Maher and Selto, written specifically for an international audience.Major improvements include:Diverse and truly international examples of organizations - Examples used throughout the book are from all over the world and represent manufacturing, retail, not-for-profit, and service firms in many different countries. Completely restructured and rewritten text - The book has been rewritten, restructured and also shortened significantly to align content closer with international courses. Integral use of spreadsheets - Spreadsheet software is used for explaining techniques and making applications more realistic. In depth research - Summaries of international research studies that address important cost management issues have been updated and more references to recent research findings have been added. Intuitive explanation of accounting - The authors show directly how events impact the balance sheet and profit and loss account.

Essentials of Cost Management

Essentials of Cost Management PDF Author: Catherine Stenzel
Publisher: John Wiley & Sons
ISBN: 0471445096
Category : Business & Economics
Languages : en
Pages : 289

Book Description
An accessible, practical survey of cost management methods Essentials of Cost Management provides an unbiased survey and explanation of the cost management approaches and methods currently available for immediate application in day-to-day activities. Rather than advocate a particular method, this book assists readers in choosing the best approach or blend of cost management strategies to address specific business problems. The expert authors also discuss cutting-edge topics such as target costing, capacity management, and activity-based costing/management.

Crafting Efficiency in Managerial Costing System Design

Crafting Efficiency in Managerial Costing System Design PDF Author: Pieter W. Buys
Publisher: Springer Nature
ISBN: 9819709342
Category :
Languages : en
Pages : 194

Book Description


Decision Management Systems

Decision Management Systems PDF Author: James Taylor
Publisher: Pearson Education
ISBN: 0132884445
Category : Business & Economics
Languages : en
Pages : 387

Book Description
"A very rich book sprinkled with real-life examples as well as battle-tested advice.” —Pierre Haren, VP ILOG, IBM "James does a thorough job of explaining Decision Management Systems as enablers of a formidable business transformation.” —Deepak Advani, Vice President, Business Analytics Products and SPSS, IBM Build Systems That Work Actively to Help You Maximize Growth and Profits Most companies rely on operational systems that are largely passive. But what if you could make your systems active participants in optimizing your business? What if your systems could act intelligently on their own? Learn, not just report? Empower users to take action instead of simply escalating their problems? Evolve without massive IT investments? Decision Management Systems can do all that and more. In this book, the field’s leading expert demonstrates how to use them to drive unprecedented levels of business value. James Taylor shows how to integrate operational and analytic technologies to create systems that are more agile, more analytic, and more adaptive. Through actual case studies, you’ll learn how to combine technologies such as predictive analytics, optimization, and business rules—improving customer service, reducing fraud, managing risk, increasing agility, and driving growth. Both a practical how-to guide and a framework for planning, Decision Management Systems focuses on mainstream business challenges. Coverage includes Understanding how Decision Management Systems can transform your business Planning your systems “with the decision in mind” Identifying, modeling, and prioritizing the decisions you need to optimize Designing and implementing robust decision services Monitoring your ongoing decision-making and learning how to improve it Proven enablers of effective Decision Management Systems: people, process, and technology Identifying and overcoming obstacles that can derail your Decision Management Systems initiative

From Cost to Performance Management

From Cost to Performance Management PDF Author: Catherine Stenzel
Publisher: John Wiley & Sons
ISBN: 0471483893
Category : Business & Economics
Languages : en
Pages : 349

Book Description
Every manager is responsible for cost and performance management in one form or another. This book provides an unbiased survey and explanation of the cost and performance management approaches and methods currently available for application in business. Topics covered include cost management and performance management/measurement options including ABC/M, Total Quality Management, Supply Chain Management, and Balanced Scorecard. Contrasts with managerial accounting textbooks, which tend to be conceptual and theoretical and not easily adaptable to practical situations. Assists readers in choosing the best approach or blend of methods to address specific business problems. Supports learning through real-world applications. Provides a complete presentation of field-tested cost management and performance management/measurement options.