Date Added: Apr 2013
In order to grow profitability over the long term, businesses must adapt quickly to continuously changing market needs and efficiently manage their supply chains to optimally address those changing needs. A critical component of change strategies for improved profits and margins is tight control of costs. Effective cost management impacts the entire enterprise and requires that companies adapt to change quickly. Adopting such changes presents added challenges when trying to grow margins and maximize revenue/profits while simultaneously attempting to streamline budgeting, consolidate financials, and meet on-time statutory reporting.