3 Components of an Effective Cost Management System

Success in today s manufacturing sector requires disciplined approaches to all aspects of business strategy. For process improvement, companies implemented lean manufacturing programs. Data integration needs led to data warehouses and enterprise resource planning systems. Companies must now dedicate the same level of strategy and planning to developing a cost management process that drives results.
  • Written By:
  • Published On:
  • (Originally Published On:) )
 
comments powered by Disqus


Featured publications:

Comparing the Total Cost of Ownership of Business Intelligence Solutions

For many companies, traditional business intelligence (BI) software is costly and resource-intensive. So are open source alternatives that require significant configuration and integration. In contrast, software-as-a-service (SaaS) solutions can reduce the cost of a BI deployment by providing automation and pre-integration. Compare total cost of ownership (TCO) for traditional, open source, and SaaS BI solutions.
  • Written By:
  • Published On:

11 Criteria for Selecting the Best ERP System Replacement

An enterprise resource planning (ERP) system is your information backbone, reaching into all areas of your business and value chain. That’s why replacing it can open unlimited business opportunities. The cornerstone of this effort is finding the right partner. And since your long-term business strategy will shape your selection, it’s critical that your ERP provider be part of your vision.
  • Written By:
  • Published On:

3 Ways You Will Overpay for Your Mobile Workforce Management Solution and 3 Strategies to Avoid It

The benefits of mobile workforce management solutions are well documented. So are the costs and risks. The goal of this e-book is to help service organizations and the individuals charged with deploying mobile workforce management solutions to recognize the cost and risk drivers, formulate a deployment strategy, and understand the solution architecture requirements. Download the e-book.
  • Written By:
  • Published On:

You may also be interested in these related documents:

The Four Elements of an Effective Food Safety Management System

As processors develop and enhance their food safety management systems (FSMSs), four key components enable them to meet demands with minimal business disruption, for a manageable cost. Processors can use the information in this paper to identify, develop, or jump-start an FSMS that includes these four components plus the critical dimension of complete integration.
  • Written By:
  • Published On:

Case Study: Miniature Precision Components, Inc.

For nearly 30 years, Miniature Precision Components, Inc. (MPC) supported its operations with an enterprise resource planning (ERP) system. Though MPC performed well with this legacy system, many custom modifications hindered easy and cost-effective updates. The goal was to get a system that involved less effort and cost, and provided support for MPC’s unique operation requirements. Find out about the system MPC chose.
  • Written By:
  • Published On:

The Importance of Component Event Management in a PLM Strategy

Component event management promises an answer. Component event management is a methodology to systematically detect and resolve component events in the most timely and efficient manner possible. This paper will introduce the philosophy of component event management and introduce a new category of software that is being developed to help implement this concept and improve business performance.
  • Written By:
  • Published On: