Thursday, January 17, 2008

‘Use your limited resources well’

Cost management, no longer an option

It may not be long before customers start demanding to know the costs of each activity in greater detail, and to extract more value from the fiercely-competing global service providers, predicts Mr V. Srinivas , Chief Financial Officer, Satyam Computer Services Ltd.

“ABC or activity-based costing, and ‘lean’ principles may clamour for more attention in cost management,” he adds, during the course of an exclusive interaction with Business Line recently.

Excerpts from the interview:

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