Q4 2022: Efficiencies and cost saving opportunities for manufacturers
Cost accounting and inventory reporting can be cumbersome and complicated, especially for manufacturers – and those that are not focused on it may be leaving money on the table.
In our Q4 M&D M&A Quarterly report, we discuss key points to keep in mind when building a cost accounting system, including:
- How to capture in-transit inventory
- KPIs to prioritize
- Seeking maximum consistency in reporting
- Utilizing technology and automation to gain efficiencies
Learn more about inventory best-practices and cost saving opportunities, plus new trends in the food manufacturing space.
This has been prepared for information purposes and general guidance only and does not constitute legal or professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and CohnReznick LLP, its partners, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.