Software application and engineering company Red Ledge has developed an engineering stores and cost centre management system, the company recently announced.
The poor results confirm our view that MMKEoACAOs new owner Metinvest (METINV) is likely to position MMK Illicha as a cost centre within the holding, similar to its other steel mills Azovstal (AZST) and Enakievo (ENMZ), by supplying iron ore and coke at above export prices.
In my opinion, the notion of IT being a cost centre, instead of being a shared corporate resource that may be leveraged for a company's revenue growth, is an antiquated idea that detracts CIOs from achieving agility, or better business outcomes.
This is synonymous with a bigger script, where a global company will look to shift as much manufacturing to the Far East and a lower cost centre, to maximise profit.
The new product can be installed in an IT department to give the IT staff control over the company's network through service administration, secure access control and cost centre accounting tools.
The airline and union have reportedly been working together to transform the airline's Maintenance & Engineering organisation from a cost centre to a profit centre.
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