Gavrys P. Formation of integrated cost management systems in manufacturing companies

Problems of cost management in terms of forming an efficient integrated cost management systems and continuous manufacturing cost reduction efforts are addressed in the dissertation. Different approaches to cost planning are examined. Their benefits and weaknesses as well as potential areas of application for certain planning methods based on specific features and environment in which companies operate are identified. Major tasks of accounting and cost control in manufacturing companies are studied and basic requirements for accounting systems are formulated. These comprise providing complete, timely, relevant and reliable information on costs needed for efficient decision-making. The integrated concept of cost management is developed. An improved valuation method for implementation of management information systems based upon total initial cost of implementation, current maintenance costs as well as potential cost savings from process reengineering is prepared. The complex overhead cost analysis method is refined. This method provides opportunities to better structure reengineering activities and improve overhead cost management organization. The model of integrated cost management system is proposed.