In order to make their visions a reality, managers need detailed information about their company's financial situation -- up-to-date, accurate information. Accounts create this information for their managers by using cost accounting to create a cost management system (CMS).
The CMS includes different information from financial reports and straight cost information, which are aggregate measures of the cost of inventory the value of the goods sold. The information managers need is much more detailed and must include information on individual projects, the customer mix, etc. To that end, a CMS provides:
1.
cost information for strategic management decisions;
2.
cost information for operational control; and
3.
measures of inventory value and costs of goods sold for financial reporting investors (121).
Simply put, managers need their information for strategic reasons. A simple balance sheet doesn't give them the information they need to move their company into new...
AMR Research (2005) believes that companies must begin developing and redeploying current order management architectures with the focus on delivering more flexibility rather than a strategy that delivers far less. The move toward customer-driven fulfillment processes requires the ability to build and adapt channel-specific, product-specific, and customer-specific order flows quickly without an army of developers creating custom code. However, the days of big bang, rip-and-replace implementations are over, and any
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