Statistical tools Cost Accountant
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First we need to understand the process. whether it be manufacturing distribution and warehousing. We have to know that we have kept as best as we could the process to be Lean. Then we have to standardise and control the Lean process. IF we do this, we can now use statistical analytical tools to minimize inevitable variations in the process. If we do this, we are able to control our cost more closely by means of Key performance Indicators.
BoM maintenance. Production budgets, process efficiency monitoring and control through KPI monitoring. Variance analysis. Budgeting
Bcomm Accounting, Financial Accounting
