Costs are the object of heated arguments when working to improve manufacturing operations, with participants assuming that the notion of cost itself is self-evident while, in fact, they understand it differently and talk past each other. This is an attempt to bring some clarity to the subject.
Jun 29 2018
What Is Cost?
Costs are the object of heated arguments when working to improve manufacturing operations, with participants assuming that the notion of cost itself is self-evident while, in fact, they understand it differently and talk past each other. This is an attempt to bring some clarity to the subject.
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By Michel Baudin • Management • 5 • Tags: ABC, Accounting, Activity-Based Costing, Cost, Game theory, Lean, TPS