Over the past few decades, global competitive pressures, growth in the service sector, and advances in information technology and manufacturing have transformed the nature of the economy and caused many manufacturing and service industries to fundamentally change the way they operate.
These changes have made companies face the challenge of competing more and more with others, leading management to make decisions regarding competitiveness, prices and product quality, therefore, they must consider as one of the key success factors the development of reliable, timely and relevant costing systems.
However, in companies the issue related to costs is of great importance since they have a significant impact on the product, and there are currently laws that regulate this area, to certify that the final product has the right price in the market.
However, in companies the issue related to costs is of great importance since they have a significant impact on the product, and there are currently laws that regulate this area, to certify that the final product has the right price in the market.
Where it benefits both the producer and the consumer, which has motivated organizations to implement the planning, control and optimization of processes, to make decisions and prevent variations in the costs of raw materials, labor and indirect manufacturing costs.