Maximize the contribution of your existing cost accounting system.
Achieving your full profit potential in challenging economic conditions requires maximum utilization of your existing people, systems and processes. Your cost accounting system is one of the most important tools to accomplish this. Unlocking your company's potential and meeting strategic and operational goals requires effectively managing and tuning your cost accounting system.
When implemented correctly, your cost system is an operational tool that goes beyond inventory valuation. It can identify underperforming processes, improve capacity utilization and provide budgetary control. A successful implementation and tuning process will include the integration of concepts including the definition of capacity, replacement value depreciation, activity-based costing, a culture of variance and the proper establishment and maintenance of standards.
We also offer on site training courses as a cost effective way to access our expertise:
Read a white paper that explains why cost has become an under-valued resource.
Read a case study that explains how we helped a major industrial manufacturer improve profitability by improved utilization of their existing cost accounting systems.
See the publication that details $3.3 million savings, of which this work played a significant role
Watch a video that details how cost system tuning can improve your profitability.
Contact us for further information on our Cost Accounting and Cost-to-Produce services.