...ABC Steel Company Case Analysis No description Please log in to add your comment. Report abuse Transcript of ABC Steel Company Case Analysis ABC Steel Company Case Analysis STATEMENT OF THE OBJECTIVE A. To enhance the competencies and skills of supervisors and lead men. AREAS OF THE CONSIDERATION ALTERNATIVE COURSES OF ACTION ALTERNATIVE COURSES OF ACTION ALTERNATIVE COURSES OF ACTION Conclusion VIEWPOINT Robert Cruz – Shop Manager of ABC Steel Company Time Context AREAS OF THE CONSIDERATION Opportunities AREAS OF THE CONSIDERATION Threats AREAS OF THE CONSIDERATION Weaknesses PROBLEM STATEMENT ABC Steel Company’s production control department failed to meet the delivery date resulting to a production backlogs due to work force related problems. ALTERNATIVE COURSES OF ACTION A. Leaders Present B. To motivate the workers to be productive and efficient. C. To improve a good relationship and communication between management and subordinates. Strengths 1. ABC Steel Company was one of the country’s largest producers of fabricated steel products. 2. ABC Steel Company had been prided itself on being a producer of top quality steel products. 3. 90% of the laborers are from a nearby barangays and many of them are barangays leaders. 1.Disciplinary problems on the production workers of the company. 2. Shortage of skilled manpower. 3. The targets are unrealistic. 4. Positions in the barangay are more highly regarded than positions in the company. 1. Established as one of the...
Words: 523 - Pages: 3
...Chapter 5 Activity-Based Costing and Customer Profitability Analysis Cases |5-1 |Blue Ridge Manufacturing (Activity-Based Costing for Marketing Channels) | |5-2 |Columbo Soft-Serve Frozen Yogurt: Using Activity Based Costing To Assess Channel/Customer Profitability | |5-3 |Wilson Electronics (A) | |5-4 |Wilson Electronics (B) | |5-5 |The Buckeye National Bank (ABC Costing in the Service Sector) | |5-6 |Precision Paint | |5-7 |Forest Hill Paper Company | | | | Readings 5-1: “Activity-Based Costing and Predatory Pricing: The Case of the Petroleum Retail Industry” by Thomas L Burton and John B MacArthur, Management Accounting Quarterly, (Spring 2003). The assignment of indirect costs in a volume-based costing system can lead to product-cost subsidization—overcost high-volume products and undercost low-volume...
Words: 33150 - Pages: 133
...Case Analysis ABC Steel Company January 23, 2013 1. Viewpoint VP for Production Department 2. Time Context 4 weeks – January 23, 2013 to February 23, 2013 3. Statement of the Problem ABC Steel Company’s problem is production control specifically not meeting the target dates. 4. Statement of the Objective Ensuring the efficiency of Production Department to meet projects’ target dates. 5. Area of Consideration Strength: * ABC Company was one of the country’s largest producers’ of fabricated steel. * There are 200 workers in the shop. Weakness: * The targets are unrealistic. * Labor and material estimates had been inaccurate. * Poor machine scheduling. Opportunity: * Workers are living in nearby barangay. * New technology for equipments. Threats: * Laxity in implementing company policies. * 6. Alternative Courses of Actions * Review the accepted projects and contracts. * Giving training to the workers how to minimize the production time. * Strict management of machine scheduling. 7. Analysis of ACA ACA 1 Advantage: * The company will meet the target date and the contract price. Disadvantage: * The company’s business project will be limited. ACA 2 Advantage: * The company workers will have a team work and they will have a new learning on how to minimize the production time. Disadvantage: * The management will have an extra expense because of the training...
Words: 372 - Pages: 2
...John Deere Component Works (A) A.1. How did the competitive environment change for the John Deere Component Works between the 1970's and the 1980's? What information must management accounting systems provide to support effective decision-making in these different environments? The change in the competitive environment greatly influenced JDCW. The early 70s were the end of the post WWII boom period, during which time JDCW was expanding its operations and operating many of its manufacturing plants at capacity. However, there were multiple economic factors in the early 80s that negatively affected the demand for JDCW products. The effect of these economic factors is evidenced in the case study by the fact that during the 1970s JDCW’s operations and equipment had been arranged to support tractor production of 150 units per day and by the mid-1980s, JDCW was producing parts for less than half of that number. One of the reasons for this negative demand shock was the collapse of farmland values and commodity prices. This left farmers with little capital through which they could purchase farming equipment. The collapse of land values had two effects. First, it caused the demand for JDCW equipment to shrink because farmers were no longer aggressively expanding. Secondly, the foreclosure of farms led to an increased supply of repossessed equipment that further reduced the market demand for JDCW’s new equipment. Additionally during this time, the high dollar value reduced...
Words: 1604 - Pages: 7
...David Khal Case Study Student Analysis Introduction From the information that has been obtained from the Case Study Analysis about the recent Recruitment effort at ABC Inc., I have determined that there is a lack of communication, prior planning, and follow up resulted in a failure to accomplish all the tasks necessary to hire the new employees in a timely fashion. This case Study is an attempt to identify and recommend ways to improve this process. The new campus recruiter for ABC Inc., Carl Robins has displayed poor planning, execution, and follow through with his first recruitment effort. After only six months of experience with the company, Carl hired 15 trainees. Some of Carl’s responsibilities for the new trainees was to; facilitate the new hire applications, plan a training schedule, organize the orientation, put together the necessary documents, arrange for drug tests, and other necessities in the normal recruiting process. Over a month had elapsed, before Carl realized that most of the new hires had incomplete or had not filed their applications, and all of the new hires had not been sent in for the mandatory drug screening. With a mere two weeks to pull everything together, and with few possible and viable solutions, I have determined the best way to work around the problem is for Carl to take action himself and call each new hire individually. By doing this, he can communicate the missing components of their application and make sure to have the new hires bring...
Words: 1452 - Pages: 6
...Würth Case Study * Viktoria Könyves 11B * Chaima Al-Ajab 11B * Zita Nagy 11B * Gergely Csaba Mikulai 11B * Marius Alijosius 11B * Maxime Garnier 11B Title page * Title: Würth Case Study * Group members: * Gergely Csaba Mikulai, 11B ___________________________ * Viktoria Könyves 11B ___________________________ * Chaima Al-Ajab 11B ___________________________ * Zita Nagy 11B ___________________________ * Marius Alijosius, 11B ___________________________ * Maxime Garnier, 11B ___________________________ * Subject: Project 2 * Study programme: Business Management and Marketing * School: IBA, International Business Academy * Deadline: 26th of January, 2012 * Supervisor: Stefan Eberle * Number of characters: 39 713 Preface The purpose of this project is to fulfil the second project in our course, so we kept it in our mind during writing it. That why our main audience is also given, our opponent team, who are going to mark and grade it. We choose this problem statement, because our team wanted to analyse the mother company’s status and make conclusions of it. Also to see, how is it possible to maintain not a price driven strategy, but a quality driven strategy in nowadays markets. 26.01.2012. ______________________ Table of content * Introduction, Resume page 4 * Supply Chain page 5 * Buying behaviour page 8 ...
Words: 6679 - Pages: 27
...INDIVIDUAL ASSIGNMENT DUE DATE: 04 APRIL 2016 CASE STUDY Case Study: ABC COMPANY The ABC Company was a family owned, conservatively managed company. For over forty years the company enjoyed slow, steady growth in reaching its current employment level of just over 200. All expansions were financed entirely out of earnings. As the company grew, its operating procedures were periodically re-examined and modified to cope with the complex problems that accompany growth. The company developed, manufactured, and sold metering and flow control devices used in the chemical industry. Recently, as a result of declining profits, management was considering the advisability of installing a more formal system for controlling its cost of materials. The company’s product line contained about forty items, ranging in size from gauges and simple fittings to large flow meters weighing up to 150 kilogram. Most of these were made in a number of different models and sizes, so that the total number of separate products was about 300. About half were standard models whose design had not changed greatly in the last ten years; others were subject to considerable technological change; a few involved special features for different customers, sometimes being made of special alloys to resist corrosive action of certain chemicals. Some of the more complex items were supplied with or without certain fittings and refinements. The company’s position in the industry depended on its ability to keep ahead...
Words: 1555 - Pages: 7
...Running head: ABC Corporation Online e-Business Growth Plan Online e-Business Growth Plan for ABC Corporation Valerian Coutinho Western Governors University Abstract ABC Corporation needs a new strategy to expand market penetration and grow annual revenues. This document details some of the strategies which can be utilized to build upon the current business model. The new e-business model will help the company build on the product differentiation strategy and also enable the company to create value added dependency for the current and new customers. The e-business model can also be used to improve the company’s product branding across the globe and can be used as a stepping stone into moving aggressively into new emerging markets as well as maintain and increase current market share in North America. Introduction ABC Corporation is a US based publically traded Discrete Manufacturer. ABC manufactures wheels and wheel-end components for the Commercial Vehicle Industry. Some of the products the company makes are Aluminum and Steel Wheels, Brake Drums, Hubs, Rotors and Slack Adjusters. Most of the products are used in the Class 5 to Class 8 Trucks, agricultural, specialty and military trucks. The company operates mostly in the North American (USA, Canada and Mexico) market with limited sales outside of North America. 55% of existing ABC sales come from the top 4 truck Original Equipment Manufacturer (OEM). The rest of the sales come from OES (Original Equipment Services)...
Words: 3643 - Pages: 15
...31 seconds) ABL Tile & Bathroom - Huge Easter Sale. 19th To 21st Apr Adwww.abltilecentre.com.au/ (02) 9623 0499 Reduced Prices. Shop Online & Save! Baths and Spas Showers and Accessories Dorf Jovian Sale Bathroom Accessories Search Results Cpa Case Study 2012 - Term Paper Warehouse www.termpaperwarehouse.com › Business and Management Apr 22, 2012 - Cpa Case Study 2012. Australian Beverages Ltd-Pre-seen case study information. A Introduction to Australian Beverages Ltd In 1937 ... Case Summary - Term Paper Warehouse www.termpaperwarehouse.com › Other Topics Apr 26, 2012 - Case Summary. Extended case study. Australian Beverages Ltd—Pre-seen case study information. A - Introduction to Australian Beverages Ltd Case Study Comm 215 Free College Essay 301 - 320 www.termpaperwarehouse.com/subcategory/case-study-comm-215/16 Australian Beverages Ltd-Pre-seen case study information A Introduction to Australian Beverages Ltd In 1937, Australian Beverages Ltd (ABL) commenced. Abl Limited - Term Paper Warehouse www.termpaperwarehouse.com › Business and Management Apr 30, 2012 - Abl Limited. CASE STUDY ANALYSIS EXTERNAL ENVIRONMENT ANALYSIS Define the Type of Organisation...
Words: 456 - Pages: 2
...Logistics Information System (LO-LIS) Release 4.6C HELP.LOLIS Logistics Information System (LO-LIS) SAP AG Copyright © Copyright 2001 SAP AG. All rights reserved. No part of this publication may be reproduced or transmitted in any form or for any purpose without the express permission of SAP AG. The information contained herein may be changed without prior notice. Some software products marketed by SAP AG and its distributors contain proprietary software components of other software vendors. Microsoft , WINDOWS , NT , EXCEL , Word , PowerPoint and SQL Server are registered trademarks of Microsoft Corporation. IBM , DB2 , OS/2 , DB2/6000 , Parallel Sysplex , MVS/ESA , RS/6000 , AIX , S/390 , ® ® ® AS/400 , OS/390 , and OS/400 are registered trademarks of IBM Corporation. ORACLE is a registered trademark of ORACLE Corporation. INFORMIX -OnLine for SAP and Informix Dynamic Server Informix Software Incorporated. ® ® ® ® ® ® TM ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® are registered trademarks of UNIX , X/Open , OSF/1 , and Motif are registered trademarks of the Open Group. HTML, DHTML, XML, XHTML are trademarks or registered trademarks of W3C , World Wide Web Consortium, Massachusetts Institute of Technology. JAVA is a registered trademark of Sun Microsystems, Inc. JAVASCRIPT is a registered trademark of Sun Microsystems, Inc., used under license for technology invented and implemented by Netscape. SAP, SAP Logo, R/2, RIVA, R/3, ABAP, SAP ArchiveLink, SAP Business...
Words: 51862 - Pages: 208
...Profitability Analysis Using Activity-Based Costing by Priscilla Wisner Executive Summary • • Traditional cost allocation methodologies in firms can provide misleading information about the profitability of products, product lines, customers, and markets. Activity-based costing (ABC) provides more meaningful information about the drivers of costs, the activities performed in a firm, and the relationship between costs and products, customers, markets, and segments. In addition to supplying more detailed and better cost and profitability information, an ABC analysis enables managers to evaluate processes from an activity viewpoint, leading to identification of non value-adding activities and process inefficiencies. ABC does not change overall profitability in a firm; it better aligns cost assignment to the causes of those costs. With better information, better decisions can be made in a firm to improve profitability—this is the power of ABC. • • • Introduction Cost allocation in firms can provide misleading information about the profitability of products, product lines, customers, and markets. Traditional cost allocation practices allocate all manufacturing overhead costs using a single driver such as direct labor hours, direct labor dollars, or machine hours. Sales-related costs are typically ignored. While technically accurate, in most complex organizations a single overhead cost driver is not sufficient to accurately assign the pool of overhead costs to the products...
Words: 2446 - Pages: 10
...Negotiations Frasier case A. Who are the parties in the Frasier negotiation and what are their interests? (Viacom, CBS, Paramount, Kelsey) – (NBC, NBC West Coast ((Graboff)), ABC) The parties involved in the Frasier negotiations consist of NBC, Paramount, and actor Kelsey Grammar. Paramount and Kelsey had personal interest to extend the show 3 years. Kelsey Grammar wanted to rank in history as being an actor with having the record for the longest-running primetime television character in TV. Without Kelsey Grammar (Frasier), Paramount, and NBC would not have a TV series. NBC did not view the show Frasier as having another 3 years of life and did not want to invest in another 3 years. Additionally, NBC deemed Paramount’s price per episode to high and wanted to minimize what they saw as a loss of revenue. B. What is Paramount’s BATNA? What is your estimate of their reservation price? Paramount was banking on the fact that Frasier was the flagpole show of NBC and its success in the time slot. If they quit NBC, both Paramount and NBC would suffer while Paramount would have suffered the most. Paramount best alternative would have been to shop the show around to other networks in the case that the negotiations with NBC broke down. Paramount however was limited in networks to promote the show to due to the shows high overhead cost and industry consolidation. Due to these circumstances I would estimate Paramount’s reservation price around 5.25 million as Paramount...
Words: 567 - Pages: 3
...Business School Case: 9-198-085 Instructor Prof. K. M. Padmanabhan 12/16/2011 Submitted By Section E, Group 8 Aravind Ganesan 2011PGP448 Gadkhel Rohit 2011PGP629 Gokulnath R 2011PGP638 Kartik Shrivastava 2011PGP685 Sumit Prakash 2011PGP907 Upasana Mukherjee 2011PGP922 Vemb V 2011PGP932 The task is to evaluate the best costing alternative for Lehigh steel. For this, an improvised costing system is developed which overcomes the assumptions of ABC and TOC costing and the optimum product mix for Lehigh Steel is calculated using the same Executive Summary Lehigh Steel is a manufacturer of speciality steels for high strength, high use applications. Its financial performance has generally trended wit but outperformed the industry as a whole. Following the general recessionary trend of the market, Lehigh Steel reported record losses in 1991 after posting record profits in 1988. This had led to an increasing need to rationalizing Lehigh Steel‟s product mix. Traditionally, Lehigh Steel has followed Standard Cost Method for cost accounting. Jack Clark, CFO of Lehigh Steel has given Bob Hall the task of implementing Activity Based Costing at Lehigh Steel. Mark Edwards, Director of Operations and MIS explored the implementation of Theory of Constrains (TOC) accounting for Lehigh Steel. The task is to evaluate the best costing alternative for Lehigh steel. For this, an improvised costing system is developed which overcomes the assumptions of ABC and TOC costing...
Words: 4202 - Pages: 17
...design 6.Technological forecast 7. All of the above 8. Production planning and scheduling & control system 9. Functional layout 10. Work measurement PART TWO 1. Define job shop production? Job Shop Production: In this system, products are manufactured to meet the requirements of a specific order. Quality is not given too much importance and the manufacturing of a product takes place as per the specifications given by the customer. This system may be further classified into the following categories: The Job produced only once: Here, a customer visits a firm and places their order. When the product is ready, the customer takes it and leaves. The customer may not visit the firm again to place an order for the same product. Such a firm will have little scope for pre-planning the production of a product. The norm will be that it will plan for the materials, manpower and the process to be followed only after it has received an order from a customer. The job produced at irregular intervals: Here, a customer visits a firm to place orders for the same type of the product at irregular intervals. The firm will not have any idea of the customer's visits. Here as well, the planning for materials, manpower and the process to be followed will start only after a customer has placed their order. In case the firm maintains a record of the Jobs Produced by it, it can refer to its previous plans when a customer arrives at its door to place a new order. The Jobs Produced periodically...
Words: 8918 - Pages: 36
...MANAGEMENT S T R AT E G Y MEASUREMENT M A N AG E M E N T AC C O U N T I N G G U I D E L I N E Customer Profitability Analysis By Marc J. Epstein Published by The Society of Management Accountants of Canada, the American Institute of Certified Public Accountants and The Chartered Institute of Management Accountants. N OT I C E TO R E A D E R S The material contained in the Management Accounting Guideline Customer Profitability Analysis is designed to provide illustrative information with respect to the subject matter covered. It does not establish standards or preferred practices.This material has not been considered or acted upon by any senior or technical committees or the board of directors of either the AICPA, CIMA or The Society of Management Accountants of Canada and does not represent an official opinion or position of either the AICPA, CIMA or The Society of Management Accountants of Canada. Copyright © 2000 by The Society of Management Accountants of Canada (CMA Canada), the American Institute of Certified Public Accountants, Inc. (AICPA) and The Chartered Institute of Management Accountants (CIMA). All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, without the prior written consent of the publisher or a licence from The Canadian Copyright Licensing Agency (Access Copyright). For an Access Copyright Licence, visit www.accesscopyright.ca or call toll free...
Words: 15434 - Pages: 62
