In the automotive industry, cost accounting is critical for effective supply chain management. Why is Cost Accounting Important in Supply Chain Management?Ĭost accounting is the process of tracking, recording, and analyzing the costs associated with producing goods or services. In this blog post, we will explore how automotive companies can leverage the cost accounting feature in Microsoft Dynamics 365 Finance to gain visibility into their COGS and make informed decisions to improve the efficiency and profitability of their supply chain.
This is where the cost accounting feature in Microsoft Dynamics 365 Finance comes in. One key component of effective supply chain management is gaining visibility into the cost of goods sold (COGS) at each stage of the supply chain. Manufacturers need to manage their supply chains efficiently and effectively to ensure that their operations run smoothly and that they are able to deliver high-quality products to their customers on time.
Supply chain management is a critical aspect of the automotive industry.
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