12/8/2022 0 Comments Executional cost drivers examplesHierarchy classifications established by Cooper and Kaplan’s work in activity based costing, as well as examining how the association among the cost hierarchy The authors are interested in exploring the extent to which common measures of manufacturing activity actually correspond to the cost University of South Florida, Spring 2002 Activity Based Costing Main Page | Research Of Management Accounting Research (9): 143-162. TheĪctivity-based cost hierarchy, production policies and firm profitability. It does not store any personal data.Ittner, C. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. It will help procurement to explain to senior business management on price developments, and it will help senior management get a better grip on areas which require key focus. The benchmark of company pricing against a market index will help to understanding price performance in a few ways. This will reduce business risk by diversifying exposure to single feedstock sources and the early warning on potential price increases will reduce business risk This leading indicator will enable an early start to condition sales teams and customers for potential price increases, as well as build the business case.īenchmarks based on critical feedstocks enable a greater insight of exposure to feedstock shortages, supply risk, market collusion and price surges. This leading indicator gives opportunity to alter planning parameters to increase or reduce inventory.Īn established benchmark price index based on critical feedstocks or other cost drivers will give advanced warning of potential price decreases and increases. Over time, the increased transparency of benchmark price indexes will lead to increased awareness of potential for price decreases and a stronger position to push for price decreases.Īn established benchmark price index based on critical feedstocks or other cost drivers will give advanced warning of potential price decreases and increases.
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