Cost Management: A Case for Business Process Re-engineering

By Ivor Ogidefa

Total and complete business re-engineering towards cost management.

• Language: English
• Publisher: Lulu.com
• Release date: Feb 13, 2009
• ISBN: 9781312542761

Book preview

COST MANAGEMENT:

A CASE FOR BUSINESS PROCESS REENGINEERING

ABSTRACT

This discourse presents an emphasis on the process of business process reengineering as a veritable tool to cost management. It tries to compare this process with other cost management tools such as activity based management, just-in-time systems, target costing, total quality management and bench marking. The discourse attempts to present these other cost management tools as focusing on just select aspects of the problem while business process reengineering looks at the whole system so that through a holistic approach, a comprehensive solution is preferred to the problem. This in the writer’s opinion makes business process reengineering based on a careful vale-chain analysis a superior tool in cost management.

Table of content

Cover page1

Abstract2

Table of Content3

Chapter one

1.0 Introduction4

Chapter two

2.0 Various Strategies of cost management6

2.1 Target Costing6

2.2 Just-in-time system 7

2.3 Activity-based costing and activity-based management11

2.4 Total Quality Management (TQM)13

2.5 Benchmarking17

Chapter three

3.0 Business Process reengineering19

3.1 Benefits of Business process Reengineering20

3.2 Phases required for successful business process reengineering 22

Chapter four

4.0 Conclusion28

References 29

CHAPTER ONE

INTRODUCTION

Most businesses and business captains have constantly had to grapple with