Wheat prices have hit an all-time high. The International Grain Council claims that prices will remain volatile due to supply uncertainties and developments in financial, energy and other commodity markets.
Whilst price and value are closely related, a distinction nevertheless has to be made between them, ‘value’ being defined by the DTI as ‘taking into account the optimum combination of whole-life cost and quality necessary to meet the customer’s requirement’.
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Activity Based Costing (ABC) came to prominence largely through the realisation that traditional accounting information was of limited use in assessing the effectiveness of resource...
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Business continuity plans must ... look beyond first-tier suppliers and further into the web of supply (Felsted, 2012).