Unformatted text preview: replacement parts, the new costs are immediately reflected in the computer system for cost accounting and quoting of new order purposes. Inventory is also tracked through the computer system and alerts the correct individual when an item is in need of reorder based on delivery time. This level of timely and accurate part and unit cost information is essential for properly quoting and selling the quantities needed for commercial jobs as most large commercial planners expect a discount based on quantity. Being that these planners have bought previously, the company is able to give those discounts by knowing their costs and receiving discounts of their own from their vendors. Having a good cost system in place can not only help you own business but it can also help the businesses or customers save money by doing business with you. Douglas Silber...
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- Spring '07
- Cost Accounting, Cost Systems