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Bus 640

In: Business and Management

Submitted By tmallory
Words 2078
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One of the major issues companies are presented with is the attempting to implement and improve current supply chain problems amongst major customers. To start the process companies designated a team of qualified individuals to study each retail customer. The information gather is used to produce more efficient designs with an improved flow of information service levels are up to 90% in some areas, Bannon (2001). Many companies are realizing the effect Supply Chain Management is having with bottom line consumers. This paper will examine how management accounting is becoming a large part of Supply Chain Management. First, supply chain management, management accounting and cost management will be defined. Second, supply chain management will be discussed in regard to its developing relationship with management accounting and cost management. Third this relationship will be further examined including supplier relationships and the trend of adding management accountants to multifunctional teams.
Definitions
By definition supply chain management is “the strategic management process, unifying the systematic planning and control of all technologies, materials and services, from identification of need by the ultimate customer. It encompasses planning, designing, purchasing, production, inventory control, storage handling, distribution, logistics and quality. The objectives are to optimize performance in meeting agreed customer service requirements, minimizing cost, while optimizing the use of all resources throughout the entire supply chain,” Clinton (2004). Talha, Raja & Seetharaman (2010) define management accounting as a process of providing financial and non-financial information to managers who need information for planning and controlling either short or long term decisions at all levels of management from senior managers to shop floor supervisors.…...

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