search query: @indexterm CONTROL SYSTEMS / total: 274
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| Author: | Kaplan, R. S. |
| Title: | One cost system isn't enough. |
| Journal: | Harvard Business Review
1988 : JAN-FEB, VOL. 66:1, p. 61-66 |
| Index terms: | COST CONTROL INVENTORY CONTROL CONTROL SYSTEMS |
| Language: | eng |
| Abstract: | Traditional cost accounting systems are examined and criticized. Insisting on one official system is found to be a dangerous factor, which can hurt a company's competitive advantage. No one system can give managers all the information they need. Functions of cost systems are listed and described. Inventory valuation, operational control, and product cost measurement are the most important ones. A system is proposed for operations management that performs all the three functions mentioned. It reports information according to production cycles. Advantages are summarized. A method is proposed for measuring product costs including interviews and traditional volume-related measures. |
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