Cost Accounting (15th Edition)

Published by Prentice Hall
ISBN 10: 0133428702
ISBN 13: 978-0-13342-870-4

Chapter 1 - The Manager and Management Accounting - Assignment Material - Questions: 1-5

Answer

The supply chain is the flow of goods, services and information from raw materials to the delivery of the final goods or services to customers. The supply chain is important in cost management because it greatly affects cost.

Work Step by Step

Part of cost management is the importance that is placed in integrating and coordinating activities across all entities in the supply chain in order to improve performance and reduce costs.
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