TT No. 503: Estate Cost Management System (ECOMAS)
Despite the advent of technologies, oil palm management often need to spend an average of one week in preparing monthly performance report of their estates (Malek,2002;Paimin,2008). This is essentially an opportunity cost to the managers and supervisors for not attending field operations. More importantly, cost overruns and other operational inefficiencies are only discovered at the end of the month and thus defeats the purpose of having financial systems (Wideman,2005). To optimally utilise the managers’ time, they should would be equipped with a system that provides instantaneous alerts in reporting field performance and reduce man-days in preparing end-of-month reports.
Main Research: Mohd Arif Sime