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What’s the first thing that comes to mind when I say cost control? I bet you think of cutting costs, don’t you? Well, it may come...
One of the key department to success for controlling cost (and maximizing profit as the main goal of companies) is the purchasing department. Purchasing is the...
The cost control system is an integral part of the overall organizational decision support system. The cost control system focuses on intra-organizational information and contains the...
Cost control must be exercised over manufacturing and non-manufacturing costs. Costs should only be incurred for necessary business expenditures that will provide revenue benefit to the...