Inventory Management-Some Approaches and Problems

Review of Management February 1969 bility cost centres and cost analysis are needed. The 'responsibility cost' indicates the costs and results of operations by organisational units or on programme lines, the costs of inputs and also the outputs or the accomplishments of the organisation. Cost analysis, on the other hand provides the means by which the underlying responsibility and costs are summarised, rearranged and allocated. These data provide both an organisational unit orientation and a programme or product orientation.