Nanotechnology Practices and Cost Restructure for Effective Cost Management under Industry 4.0 Based Manufacturing Systems

Autor:	Ahmed Maher Mohammad Ali, Sahar Mahede Jabir, Ameer Ageed Kadhim, Akeel Almagtome
Rok vydání:	2022
Předmět:	Information Systems and Management Management of Technology and Innovation Strategy and Management Computer Science (miscellaneous) Education Information Systems
Zdroj:	TEM Journal. :1193-1199
ISSN:	2217-8333 2217-8309
DOI:	10.18421/tem113-26
Popis:	This study offers a theoretical foundation for how nanotechnology impacts most commodities and materials in many ways, given high-tech production processes that increase goods' functional, chemical, and physical qualities. This influenced the cost structure of production and strategic cost management's efforts to adjust for the change. The study employed descriptive-analytic methods to investigate nanotechnology's impact on cost management. The study was based on a comprehensive review of previous studies on nanotechnology and Industry 4.0. The results imply strategic cost management as a vital management and accounting strategy for reallocating indirect costs based on specifications to produce items that meet consumer needs. With rising fixed costs, this study links nanotechnology and cost structure. Strategic cost management techniques minimize costs while preserving product quality, enabling organizations to stay competitive.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::ced57356a69fef5affeeab9a27e99c43 https://doi.org/10.18421/tem113-26 Zobrazit plný text záznamu