Strategic Cost Transformation—An Overview
What Is Strategic Cost Transformation?
Strategic cost transformation (SCT), here, is about transforming the scope and focus of cost analysis from traditional accounting-based cost management systems to a corporate wide system that models and aligns cash, operations, and accounting. This system, Business Domain Management (BDM), includes and models each of two business domains; the Accounting Domain and the Operations and Cash Domain (OC Domain). Traditional accounting information such as calculated costs and profit reside in the Accounting Domain.
We typically look to the Accounting Domain to provide information that will help us make cost management decisions. However, as mentioned last chapter, ...
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