These activities produce value for external and internal customers. They directly
and indirectly support the products and services sold.
Support activities maybe outsourced, off-shore, on-shore or performed in a remote
or separate facility. They vary by industry and company:
The objective is to optimize the flow of goods and services across the company, so
as to add value for its customers, at the appropriate level of quality, but at the
lowest total economic cost.
FarLook helps management see the distinctions:
In excellently run companies, management understands the numbers - accounting fundamentals.
Each team member knows how their respective area of responsibility and accountability
positively (and negatively) impacts the bottom-line.
Effective accounting practises and controls help prevent errors, abuses and fraud
across the company.