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