If a company can arrive at a meaningful value for the return on innovation investment the management can assess the usefulness of the current level of research and development expenditure.
The measurement of the innovation pipeline strength is an important factor in managing research projects and ensuring that the company’s whole research and development strategy is on course.
Process costing is useful where an industrial process goes through a number of stages and the output of one stage of the process becomes the input for the next.
Calculation of a customer profitability score can show to what extent a customer is contributing to the profits, or alternatively it can show that the business is losing money unnecessarily.
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