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Concluding Comments

Pieter Buys ()
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Pieter Buys: North West University

Chapter Chapter 8 in Designing Cost Management Systems to Support Business Decision-Making, 2021, pp 145-148 from Springer

Abstract: Abstract It is important to have effective cost management systems in place that are able to generate relevant cost management information. Key hereto is said systems’ ability to embrace the concepts of feedback and control in support of organisational objectives. Six case studies illustrated these concepts; firstly, in developing of a cost management system for water recycling facility fabricator, and secondly by designing a budgetary system for a mining engineering concern. These were followed up by designing cost management systems for a digital technology services provider, a medical insurance services provider and a public sector services provider. Finally the case of a re-designed value stream for an automotive services provider was also shared.

Keywords: Budgetary system; Cost management system; Organisational strategy (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-1751-5_8

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DOI: 10.1007/978-981-16-1751-5_8

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