Articles and Papers Cost Management
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Cost Management Success Stories
Explore expert insights, research papers, and strategic articles on cost management. Learn how to optimize expenses, improve financial efficiency, and drive profitability with data-driven strategies and best practices.
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Acceptable Profit Levels Demand Cuts
In 1982, the number of rigs drilling for oil and gas in the United States hit an all time high of 4,000+ rigs. On April 24, 1992 only 623 rigs were drilling for oil and gas, the lowest level of rig activity since Hughes tool Company began recording weekly rig counts in 1940. Cost management in this industry was all about cost cutting and downsizing. Survival was at stake.
John A. Miller
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Survivalist Cost Cutting. What Government Can Learn from the Private Sector
The cumulative Federal deficit of spending more money than we bring in was $17 trillion at the end of o fiscal year 2013. Sponsored by Grant Thornton and CAM-I, this paper outlines five lessons learned from the private sector: Develop a cost reduction plan, Reduce acquisition cost through strategic sourcing, Streamline operations, Consolidate facilities and operations(footprint reduction), and Reduce headcount
John A. Miller
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Addressing Commodity Price Volatility on Product Development Through A Mature Target Costing Process
This article provides guidance on approaches for responding to price volatility within the target costing process. Target costing is a methodology where new products are designed and made based on a predetermined target cost. Boeing, Whirlpool, Navistar, and Dresser Industries all use the target costing process in developing new products. Because new products often take years to develop, addressing the volatility of commodity prices is critical
Elaine R. Jones and Tami L. Capperauld
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Designing and implementing a New Cost Management System
Published in the Journal of Cost Management in 1992, this article introduced a new paradigm for cost management, focused more on managing processes and activities and less on general ledger costs. In this new paradigm the emphasis is on the management part of cost management, where accountants design and implement systems and procedures to report the cost and performance of processes and activities
John A. Miller
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Activity-Based Management: A Fresh Look at a Mature Tool
Published by Capital Magazine in June 2006, this article was written for operation managers and senior level executives and makes the case for the new innovations in technology that have enhanced the value of ABM and its use in modern companies competing in the global arena
John A. Miller
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Designing and implementing a New Cost Management System
Published in the Journal of Cost Management in 1992, this article introduced a new paradigm for cost management, focused more on managing processes and activities and less on general ledger costs. In this new paradigm the emphasis is on the management part of cost management, where accountants design and implement systems and procedures to report the cost and performance of processes and activities
John A. Miller
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Activity-Based Management: A Fresh Look at a Mature Tool
Published by Capital Magazine in June 2006, this article was written for operation managers and senior level executives and makes the case for the new innovations in technology that have enhanced the value of ABM and its use in modern companies competing in the global arena
John A. Miller