cost centre
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Related to cost centres: profit centres
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While cost-centre costing and/or ABC may be adequate for an organisation that delivers its strategy through cost centres, it does not account so effectively for the costs to organisations where staff work across divisions.
It is a comprehensive, covering most of the specific functions of our industry, including accounting, cost centres, profit centres, forecasting, order processing, third party packaging, inventory management, production planning, purchasing, product recall, Green Point (packaging waste management), Pallet management; etc.
The next step was to allocate cost centres to "buckets" of costs and then to "cost collectors".
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