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Cost Management – A Strategic Approach Part II
JOD
Get it by 5 Aug | Order in 3 Hours 28 Minutes
Number of pages: 1680
Year of publication: 2023
Binding type: Hardcover
Edition number: 1
Print color: White
Dimensions (cm): 17×24
Weight (kg): 1.250
Barcode: 9789776563115
Weight: 1250 grams
Dimensions: 17 × 24 cm
Introduction
In the new production environment, traditional cost theories were criticized for assuming long production cycles for a single standardized product, whose specifications do not change. This assumption limited cost research and cost management tools to the stages of manufacturing and storing production until it is sold. Therefore, traditional cost theories ignored the stages of creativity, development, and design of new products. With the advent of the information technology era, it became clear that this assumption is no longer realistic and thus unsuitable for modern technology conditions. One of the most notable aspects of modern technology is the ability to produce a wide variety of products, especially in a flexible manufacturing system.