Is it possible to have an active cost management program without an Enterprise Resource Planning (ERP) System?
What will be an ideal response?
Answer: Yes, an active cost management program can occur without an Enterprise Resource Planning (ERP) System. Cost management is a philosophy that guides management in their short-run and long-run planning and control decisions that increase value for customers and lower costs of products and services. Cost management is not dependent on any particular system or database, but it is rather an overall philosophy of operation.
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Indicate whether the statement is true or false