Title: Module 3 Introduction: (CU1 M3) Cost Management Systems
Course: SkillsCom BA 213 15.0 > Section: Credit Unit 1 Module 3

Any manager needs a strategy to make their company as cost-effective and successful as possible. Cost management systems are specifically designed to assist managers in their efforts to increase their company's customer satisfaction and boost their company's profits. Managers tackle these undertakings in a number of different ways: through using activity-based management, just-in-time management, or quality management. Each method takes a slightly different approach, but overall goal is to increase efficiency while also increasing profits.

This chapter walks through the three cost management systems as well as explores the strengths of each.

Module Outcomes:

- Understand how companies assign and allocate costs.
- Understand activity-based costing systems and how they are developed and used.
- Define just-in-time management systems.
- Determine how companies use quality management systems.