CHAPTER 11

Building VCMS in to the Organization

Method is like packing things in a box; a good packer will get in half as much again as a bad one.

Cecil1

One of the major challenges in any new approach to managing an organization is the decision to build the new information into the ongoing information system or to simply use it as a study that provides new insights. In the case of the value-based cost management system (VCMS), it makes the most sense to build it in because the VCMS keeps important information for strategic and incremental analysis current and ready to use in a variety of decision settings. Creating an actionable basis for making changes to the organization, the VCMS provides all of the benefits of activity-based costing with ...

Get Value Creation in Management Accounting now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.