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WHAT IS A COST CONTROL SYSTEM?

WHAT IS A COST CONTROL SYSTEM?


published on 03/12/2014 15:46:03 section News and events

Angela Cocca is the Office Accounts Co-ordinator within the administrative section of the Great Estate Group. Cost control is not only synonymous with savings but also profit maximisation.

A cost control and input system is an important management tool that is used to:

• Control and monitor costs and implement policies to reduce them,

• Control and monitor the company's selling prices to allow business decisions to be made that maximize profits,

• monitor the company’s efficiency,

• Effectively programme the activities of the company,

• monitor the overall performance of the company,

• provide comparative information to help the company make informed strategic decisions.

When you decide to introduce a https://www.greatestate.it/en/index.html, its better to proceed as follows:

STEP 1: analyse the company’s scope and development

STEP 2: define the centres of responsibilities and cost

STEP 3: implement the INTERNAL cost control accounting IT system

Edited by Angela Cocca, Account office co-ordinator and translated by Tanya Pia Starrett

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