Manufacturing Industry
Deere's new web system tracks and forecasts product costs. (Cost Management).(Deere and Co.)(Brief Article)(Statistical Data Included)
Purchasing, February, 2002 by Smock, Doug
Message to buyers: make sure you communicate with senior management using financial measures that are dear and easily understood. Deere & Co., Moline, Ill., has developed a Web-based tool designed to track and manage actual and forecasted cost changes using current representative (or "rep") products.
The system is enterprise-wide and is based on bill of materials' costs. "This allows Deere to know exactly where we stand and will stand on costs and cost reduction goals by product, buyer, location, supplier, raw materials and rep machines," says Maxine Wade, project manager, cost accounting in the Deere Finance Division. Phased in starting two years ago, the approach replaces several systems used by different functional groups (for example, accounting...
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