Data Collection: Gathering cost-related information associated with factory operations and maintaining an up-to-date database of expenses.
Cost Analysis: Analyzing fixed and variable costs, and reviewing standard costs versus actual costs to ensure accuracy and effective cost control.
Reporting: Preparing comprehensive budget reports, as well as providing monthly, quarterly, and annual cost forecasts to support financial planning.
Recommendations: Identifying activities that consume excessive time or resources and providing effective recommendations to improve efficiency and reduce costs.