German Cost Management or GPK

Written by: Elena Lipchenko, Olga Smychkova, Anna Elovskikh, and Martina Schroeder

Good governance comes from strong processes and properly trained professionals inside an organization. (Paul Sharman)

Why German Cost Management
– The explicit objective of supporting management decision making.
– Reason 1: GPK is in wide use in German manufacturing and service companies.
– Reason 2: It is a part of international economic environment.
– Reason 3: Significant steps are made to bring knowledge of GPK into the English-speaking management accounting.