I am a graduating MBA student in Australia. The "Value Quest" was prescribed text and I found this book just plain phenomenal. Its layout and its emphasis on key areas such as target costing, ABM and strategic management have been written with flair and astonishing depth. Thank you for making confusing areas so very simple to understand. This book will serve me well for many years to come.
Finally...... a book that makes sense of today's advanced cost management tools and processes. CJ McNair and the CAM-I Cost Management Integration Team have taken a huge stride forward in Advanced Cost Management theory and practice. This groundbreaking publication provides a conceptual model (The Strategic Management Process Model), and the supporting information (process flows, information tables, decision domains etc.) to make sense of the numerous tools and processes today's businesses are using to gain a competitive edge in the global marketplace. The book provides a "Reader's Digest" version of seven of the most powerful Advanced Cost Management processes as developed over the past decade by the Consortium for Advanced Manufacturing International's (CAM-I) Cost Management System (CMS) program. The CAM-I/CMS program is widely recognized as the world's leading forum for the development and implementation of advanced cost management practices.The strategic management processes are: Target Cost Management, Asset Management, Capacity Management, Process Management, The Extended Enterprise, Integrated Performance Management and Activity Based Cost Management.The combined power of these strategic management processes comes through clearly in a two-fold approach to integration. The process view of integrated information flows and the decision domain view of required information, sets a powerful and practical view of how these processes can efficiently lead an company to improved productivity and profitability. This book also contains a top level business diagnostic and a practitioner's diagnostic to aid the reader in leveraging their cost improvement efforts. The diagnostics combine to help the reader identify the company's area of greatest need and also provides a roadmap of where in the book they can find assistance. The practitioner's diagnostic is included in an enclosed floppy disk which makes the diagnostic simple and easy to use.Real business experience by such prominent companies as Boeing, DaimlerChrysler, Honeywell International, Eastman Kodak, CNH Global and Arthur Andersen, provides the reader with a wealth of practical knowledge underpinned by the implementation experiences of these pioneering firms in the field of advance cost management.This is truly a "MUST HAVE" publication for those seriously interested in profit and performance enhancement.Keith Hallin - CAM-I/CMS Industry Chairman
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