Page 201 - DCOM206_COST_ACCOUNTING_II

Cost Accounting – II

Notes  Acceptability of the decision by all: Reporting leads to motivate people, increases efficiency
and boosting the morale of the people engaged in the various aspects of the work of the
enterprise.
 Maximising the profits: To achieve this ultimate goal of any business reporting at the
right time, at right place to the right person in right manner becomes an essential feature.

 For better control: Abnormal events can be checked in time by obtaining the necessary
information in respect of each operating activity. Control through reports become effective
as compared to personal investigations.



Caselet Business Reporting

The Client
MMG Limited is a mid-tier global resources company which explores, develops and mines
base metal deposits around the world. Lane Xang Minerals Limited (LXML) is the registered
name of the company which operates Sepon.
The Challenge
A detailed ‘health check’ was performed on the Supply Chain at Sepon and one of the
major short-comings highlighted was the lack of operational and management reporting
available to understand how the Supply Chain was performing across all areas. The initial
attempt of addressing the reporting needs was to utilise Excel and rely on the Supply team
to collate, manipulate and distribute information manually. This process was ineffective
because of the huge effort, the short-coming of Excel based reporting and the changing
business requirements. A decision was made to look for a complete solution, and the key
requirements presented were:
 Deliver comprehensive management and operational reporting across the Supply
Chain
 Deliver a cost and time effective solution
 Automate all daily, weekly and monthly reporting
 Provide periodic reports by 06:00 am on the first day following the period end

 Provide in-house training on solution
 Eliminate the need for manual processing in Excel
The Solution
The solution presented to Sepon was ‘MySupply Reporting’ which is a comprehensive and
fully developed suite of reports against the Pronto ERP delivered using Rocket CorVu.
MySupply Reporting is a suite of reports delivering the full capability for managing the
operation around Procurement, Warehousing and Inventory. MySupply Reporting offers
the capability for presenting information, using graphical, tabular and analytical reports,
and management packs. Management have the capability to view KPI’s with the ability to
drill down and analyse trends and information in more detail. The base reporting met the
majority of the requirements and minor customisation was carried to deliver the complete
solution.
Contd...

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