TAILIEUCHUNG - Ebook Cost reduction and control best practices (2nd edition): Part 2

(BQ) Part 2 book "Cost reduction and control best practices" has contents: Accounts payable costs, credit and collections costs, purchasing costs, inventory costs, export costs, outsourcing, outsourcing, consultants' costs, business tax costs. | Chapter 8 Accounts Payable Costs BEST PRACTICES TACTICS IN ACCOUNTS PAYABLE DEPARTMENTS The tactics that managers in the accounting function use to streamline payables processing now vary sharply with company size. This is a key finding in an IOMA survey in which respondents identified “the most successful changes implemented in the payable department.” Altogether, IOMA asked roughly 500 participants to identify up to five changes that yielded a “success” in payables. Interestingly, respondents at all five employment levels in the survey cited one tactic—improve accounts payable (AP) systems and procedures—as their most successful change. In this annual survey, which IOMA began in 1995, this broad-brush tactic has always topped the charts. Size Matters At the same time, this survey shows that the “success” managers in accounting have with these 21 change options vary with company employment levels. For example: • • • New technology: of respondents at companies with 5,000 or more employees had “success” when they used new technology to increase productivity. This is exactly twice the success ranking at companies with fewer than 200 employees. In the 12-month period of this survey, larger companies invested more heavily in improving payables technology. Procurement cards (P-cards): of large-company respondents had success in this 12-month period when they began a P-card program or found ways to increase usage of an existing program. This is more than twice the percentage () of small-company respondents that had success with the P-card. P-cards may still be underused at small companies. Staff management: Managers in accounting at the largest and smallest respondents have very different approaches to staff management. At companies with less than 200 employees, of respondents had success by “assuming more responsibility themselves.” This is more than twice the success rate at large respondents. Although their staffs may be small, .

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• Cost reduction
• Control best practices
• Accounts payable costs
• Collections costs
• Purchasing costs
• Inventory costs
• Export costs
• Cost reduction strategies
• Growth of manufacturing companies
• Nigeria Stock Exchange
• Strategic Management Accounting
• Corporate cost control strategies
• Human resource department costs
• Benefits costs
• Compensation costs
• Development costs
• Financial manager
• Accounting department costs
• Pin mill
• Turmeric rhizomes
• Size reduction
• Cost economics
• Size reduction of turmeric
• Consultants’ costs
• Business tax costs
• Product redesigning in value management
• Cost reduction in value management
• Component substitution in value management
• Value management in micro and small enterprises
• Micro and small enterprises
• Higher engineering mathematics
• Asian economic growth
• Target costing
• The analysis of cost reduction
• Feed forward cost accounting
• Strategic management
• BMC Pharmacology and Toxicology
• Enzyme multiplied immunoassay technique
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• Folinic acid
• The market for STPP is large
• Two types of collectors
• New parabolic trough STPPs
• At the current state of technology
• Two approaches were used to predict
• the future cost performance
• Offshore wind
• Permanent magnet wind generator
• Levelized cost of energy
• Turbine's nominal power
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• Consumer Impacts
• Travel Reduction Impacts
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• Cost Savings
• Energy and Emission
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• Prostaglandins
• Pathophysiology of Endometriosis
• Genetic Polymorphisms
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• Block diagram of fabricated system
• Activity based costing
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• Selected dairy industries of Nepal
• Activity based costing system
• BMC Cancer
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• Lecture Management accounting
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• Management accounting
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