DoD Financial Management- More Reliable Information for Decision Makers The focus of the article DoD Financial Management by William N. Washington
Title: DoD Financial Management- More Reliable Information for Decision Makers The focus of the article DoD Financial Management by William N. Washington Category:Business & Economy / Management Details: Words: 888 | Pages: 3.8 (approximately 235 words/page)
DoD Financial Management- More Reliable Information for Decision Makers The focus of the article DoD Financial Management by William N. Washington
DoD Financial Management- More Reliable Information for Decision Makers
The focus of the article DoD Financial Management by William N. Washington is to emphasize the results of financial management systems inefficiencies and the costs that the DoD (Department of Defense) is paying for them (Washington 38). Throughout the article, the emphasis is on ABC (activity based costing), ERP (enterprise resource planning) and their importance in being able to both track what is happening within the organization, make economic choices on outsourcing, and manage the expenses of …showed first 85 words of 888 total…
You are viewing only a small portion of the paper. Please login or register to access the full copy.
…showed last 85 words of 888 total…current business practices. While this model is very useful in the military setting, in an industry that is booming other tools are needed. Accurate projections of future growth are essential, and are the other side of what the article is addressing. Only through projecting both increases and decreases in financial management can effective inventory management be accomplished.
Work Cited
Washington, William N. "DoD Financial Management- More Reliable Information for Decision Makers." PM Nov-Dec. 2000: 38-41. 21 Dec 2002 < http://www.dau.mil/pubs/pm/
pmpdf00/washn-d.pdf>
