Many manufacturers have already implemented enterprise resource planning (ERP) systems. That’s why questions about the need for an additional system to track, analyze, and manage costs are no surprise. Does it replace the entire ERP system? Is there additional work for cost personnel? While each user of enterprise cost systems uses them differently, the road to success lies in using them in conjunction with ERP systems.
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Success in today s manufacturing sector requires disciplined approaches to all aspects of business strategy. For process improvement, companies implemented lean manufacturing programs. Data integration needs led to data warehouses and enterprise resource planning systems. Companies must now dedicate the same level of strategy and planning to developing a cost management process that drives results.
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