Hi, this is my group assignment. The topic we chose is Advanced manufacturing technologies (AMT). So, my group members assign me to do the 2nd question.

"2) Discuss how the chosen tool / technique has spearheaded strategic cost management in the area of management accounting. You should use 1 or more case example(s) to aid

your discussion. (12m)"

Can u please help me with that question as i have no idea how to do that question.

Strategic cost management highlights enhanced cost measurement systems, paving the way for management accounting to retain its relevance in today's environment. Strategic cost management consists of those actions taken by managers to concurrently reduce cost as well as enhance customer satisfaction with the aid of modied i\" new approaches and techniques in managing cost more effectively 2' strategically (Dmry. 2-012). Required: Pick 1 of the following topics: a) Advanced manufacturing technologies (AMT) 13) Enterprise resource planning (ERP) 1) Describe the chosen costing tool f technique. (6m) 2) Discuss how the chosen tool I technique has spearheaded strategic cost management in the area of management accounting. You should use 1 or more case example(s) to aid your discussion. ('12m) 3) What are the challenges management accountants and companies face in adopting this tool 1 technique? Use appropriate case example (3} where applicable. ( 12m)