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What's Wrong With Application Software? Businesses Really Are Unique - One Size Can Never Fit All
Does your company do things exactly like your competitor? Does your company do things like another company who is a totally different business? For some

cost accounting dictionary  in one industry, the cost of this fit is feature software bloat. The Online Computing Dictionary defines software bloat as The result of adding new features to a program or system ... to the point where the benefit of the new features is outweighed by the extra resources consumed (e.g., RAM, disk space or performance) and complexity of use. Many of the added functions apply to only a few of the various industries addressed meaning that all other industries must suffer the consequences of these Read More...
PLM for the Fashion Industry
Product Lifecycle Management (PLM) for Fashion is an evaluation model containing tailored PLM criteria and extra functionalities that serve the specificities of this industry in order to help fa...
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Documents related to » cost accounting dictionary


ERP: Origins, Developments, and Trends
ERP first developed as a form of inventory control and later grew to link disparate bodies of information together from across the enterprise. Now, ERP

cost accounting dictionary  Also, labor exploitation caused cost of goods sold (COGS) to shift to purchase materials. Planners needed to know the cost of material allocations immediately after orders were placed, but buyers purchasing raw materials need to know the sales plan months in advance. A common database had to be developed: enterprise resource planning was born. Revolution? Currently, the goal of integrated ERP is to replace islands of information with cross-communication to ensure enterprise-wide coherency. Though ERP Read More...
Why Are CRM and Analytics Intrinsically Connected?
The new metrics of customer profitability, lifetime value, and wallet share are needed to supplement the traditional metrics of market share and penetration

cost accounting dictionary  territories, or marketing activities. Cost accounting is also typically used. These tools are used to replace or enhance human intelligence by scanning through massive storehouses of data to discover meaningful new correlations, patterns and trends by using pattern recognition technologies and statistics. Likewise, predictive analytics drills even deeper. It is a statistical method that includes all analytics to predict the probable future outcome of an event and falls under data mining , a class of Read More...
Let the (Excess) Inventory Flow!
Because companies focus primarily on new product development and promotion, the problem of excess and obsolete inventory, once addressed, often leads to both

cost accounting dictionary  is about managing the cost of maintaining unnecessarily high levels of inventory against the risk of running out of stock at a crucial moment of truth (MOT) when a customer actually wants something. In a variety of aspects, inventory management is at the heart of the supply chain management (SCM) realm. Supply chain organizations are responsible for all the processes from sales and operations planning (S&OP) to customer fulfillment, inventory optimization, and new product delivery and introduction Read More...
Enterprise Applications--The Genesis and Future, Revisited Part Two: 1990s--Enterprise Resource Planning
Integrated enterprise resource planning (ERP) software solutions became synonymous with competitive advantage, particularly throughout the 1990's. Customers

cost accounting dictionary  same time frame, the cost of goods sold (COGS) was shifting drastically from labor to purchased materials. Consequently, planners needed to know materials allocations or finished goods' available-to-promise (ATP) values, immediately after customer order entry. On the other hand, buyers needed to know the sales plan several months in advance in order to negotiate prices for individual materials. Empowerment of employees was needed to provide the agility that was required to compete in the market. Hence, Read More...
Top Accounting Software Comparisons 2010
To find out, simply use TEC's Accounting Software Comparison Reports to compare any three accounting solutions of yourchoice.

cost accounting dictionary  Accounting Software Comparisons 2010 There were a lot of new accounting solutions introduced or updated in 2010, and here's your chance to compare them—quickly and easily. Some of the big names include NetSuite, SAP, Microsoft, Cougar Mountain Software, Sage, Pronto Software, Deltek Software, Exact, Intuit, UNIT4, and Open Systems Inc.—but there are dozens more top systems from lesser known brands. Which one is best for your organization? To find out, simply use TEC's Accounting Software Comparison Read More...
10 Strategies for Getting the Right ERP and Accounting Solution
That's where the white paper 10 strategies for getting the right ERP and accounting solution comes in.

cost accounting dictionary  Strategies for Getting the Right ERP and Accounting Solution If you're a midsized business looking for an enterprise resource planning (ERP) solution, the market trends are all on your side: ERP vendors are hungry for your business. Big vendors (SAP, Oracle, etc.) now have great products for small and medium businesses (SMBs). Traditional mid-market vendors are fighting back with more features and incentives. With all the big trends aligned in your favor, you can come out the winner—but only if you Read More...
The Impact of Technology on Cost in Business Process Outsourcing
Many different factors contribute to the cost of a business process outsourcing (BPO) engagement. Among them, IT, especially software, is a key cost determinant

cost accounting dictionary  Impact of Technology on Cost in Business Process Outsourcing Many different factors contribute to the cost of a business process outsourcing (BPO) engagement. Among them, IT, especially software, is a key cost determinant that is often underestimated. A diligent assessment of BPO needs to address several cost components that are not included in the provider’s total contract value (TCV)—components which are often overlooked by buyers. Read More...
2011 Buyer's Guide to Accounting and Financial Software
Learn more about theadvantages of the new generation of finance and accounting systems in The 2011 Buyer's Guide to Accounting and Financial Software...

cost accounting dictionary  Buyer's Guide to Accounting and Financial Software 2011 Buyer's Guide to Accounting and Financial Software Is your organization using antiquated financial and accounting software? The answer is likely yes. Virtually every major financial and accounting solution can trace its roots to the late 1980s transition from DOS to Windows. Modern finance and accounting systems are now designed for today's Internet-driven, always-on, always-connected, fast-changing world. Learn more about the advantages of the Read More...
Hayden Concrete Casts Solid Accounting Structure with Sage 100 ERP


cost accounting dictionary  Concrete Casts Solid Accounting Structure with Sage 100 ERP Read More...
Six Reasons You Should Think About Getting a New Accounting System
Accountants and business people overall are generally aware that whatever happens in the company must be reflected in the corresponding accounting books or

cost accounting dictionary  Reasons You Should Think About Getting a New Accounting System Accountants and business people overall are generally aware that whatever happens in the company must be reflected in the corresponding accounting books or ledgers as accurately and as quickly as possible. This means that accounting as a business process should be able to obtain, process, and store a significant volume of data that comes from a battery of different sources. I do not believe we need to convince anybody to use a Read More...
Whirlpool Selects aPriori for Product Cost Management
Whirlpool Corporation, a world renowned manufacturer of major home appliances, recently announced it would use aPriori to automate its product cost estimating

cost accounting dictionary  Selects aPriori for Product Cost Management Whirlpool Corporation , a world renowned manufacturer of major home appliances, recently announced it would use aPriori to automate its product cost estimating processes , drive global consistency in costing practices, and provide a central cost management database for use by cross functional product development teams. Using aPriori’s real-time product cost assessments, employees in design, engineering, sourcing, cost engineering, and manufacturing can make Read More...
Financial and Management Accounting with SAP for Banking
Recent changes in accounting standards and compliance, along with greater emphasis on managing risk and value, have introduced new key measures of bank

cost accounting dictionary  and Management Accounting with SAP for Banking Recent changes in accounting standards and compliance, along with greater emphasis on managing risk and value, have introduced new key measures of bank performance and made it more important to coordinate the internal and external reporting of financials and risk. To meet these challenges, banks must do their utmost to more fully integrate their accounting data and processes. Read More...
POLL: Is Cloud-based Accounting/Financial Software Right for You?
TEC is preparing a new Financial Packages Buyer’s Guide, and we’d like to hear your thoughts on cloud-based finance and accounting software. Your responses to

cost accounting dictionary  Is Cloud-based Accounting/Financial Software Right for You? TEC is preparing a new Financial Packages Buyer’s Guide, and we’d like to hear your thoughts on cloud-based finance and accounting software. Your responses to the questions below will help us keep the guide focused on the needs of real-world accountants, financial managers, IT specialists, and other professionals. {democracy:70} {democracy:71} {democracy:72} {democracy:73} {democracy:74} Thanks for taking the time to participate in this Read More...

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