Supply Chain Glossary - C

Supply Chain Glossary - C

cost analysis

A review and an evaluation of actual or anticipated cost data.

The smallest segment of an organization for which costs are collected and formally reported, typically a department. The criteria in defining cost centers are that the cost be significant and that the area of responsibility be clearly defined. A cost center is not necessarily identical to a work center; normally, a cost center encompasses more than one work center, but this may not always be the case.


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