Production cost management methodology

Dékán, Tamás and Nagy, Adrián Szilárd and Nábrádi, András (2009) Production cost management methodology. In: Proceedings on 44th Croatian and 4th International Symposium on Agriculture: Zbornik Radova 44. Hrvatski i 4 Medunarodni Simpozij Agronoma. Sveucilista Josipa Jurja Strossmayera u Osijeku Faculty of Agriculture, Osijek, pp. 158-162. ISBN 978-953-6331-67-3

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Abstract

Production cost management is one of the most crucial factor of a successful company, in this paper I show a methodology how can we track variable costs, what kind of analytical tool can we have if we want to understand the variances of the production cost versus different baselines. In this methodology the reasons of the variances can be caused by some external circumstances, like inflation and due to some operational issue, like variable cost productivity. This methodology can help to understand key drivers of cost differences, and can help to measure the efficiency of manufacturing function within the company in case of functional company structure, especially at mass-production processes.

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