Strategic Benefits of Integrating the Managerial Accounting Function With Supply Chain Management

The importance of supply chain management has increased over time as a result of more intense global competition, shorter product life, and rapidly changing technologies. This study examines recent academic research to offer practitioners insight into the benefits of incorporating three-dimensional concurrent engineering and strategic cost management into the design of their supply chain. It has been shown that this integration can enable companies to achieve their strategic goals of improving their organization's operational and financial performance, reducing costs, increasing customer value and satisfaction, and maintaining a competitive advantage in the marketplace. (C) 2016 Wiley Periodicals, Inc.