1.1 Implementation of Customer Profitability Analysis There are six steps taken in implementing this technique in a company which are select customers, determine revenues and costs, analyze profitability and non-profitability customers, develop strategies and review the affects. We decided to choose Perodua as one of the local company that implements this technique. Determine Costs Determine Costs Determine Revenues Determine Revenues Select Customers Select Customers Diagram 1.1.1
Words: 1712 - Pages: 7
Cost Accounting – Huvudbok med tillhörande föreläsningar Kapitel 1 Management Accounting – Förse ledning och anställda med relevant information, både finansiella och icke finansiell information för att användas som beslutsunderlag. Finansiell information – Priser, täckningsbidrag, Icke finansiell information – Kundnöjdhet, kvalité, innovation mm. Management Accoutnings tre attribut: Den innehåller både finansiell och icke finansiell information. Tittar tillbaka på historiska
Words: 9516 - Pages: 39
THE ROLE OF LEAN MANUFACTURING AND LEAN TECHNIQUES IN THE SUCCESS OF AN ORGANIZATION ACKNOWLEDGEMENT Requirements of this project were rather stringent as sufficient knowledge of the topic was not enough. It was also necessary to have abundance of devotion and willpower together with an ability and willingness to perform hard labour for successful completion of this project. It would be unfair on my part not to acknowledge the contribution of all those who had encouraged me all through and kept
Words: 22914 - Pages: 92
TERM PAPER PESIT MBA 2011-2013 3RD SEMISTER MANAGEMENT ACCOUNTIN & CONTROL SYSTEM TOPIC: LEAN ACCOUNTING- An Emerging Concept SUB CODE: 10MBA32 NAME: SPOORTHI.K USN: 1PB11MBA33 CONTENTS 1. ABSTRACT WITH KEY WORDS 2. INTRODUCTION 3. THERORATICAL BACKGROUND 4. DISCUSSION 5. CONCLUSION 6
Words: 4166 - Pages: 17
noted is the fact that the workers proudly show off metal links and other products they produce illustrating a level of quality that it not matched. This could be another competitive advantage of Chelyabinsk Forge-and-Press. b) After consulting Kaizen Institute a number of changes were made. These changes are listed as follows: a. Factory wide goals are implemented rather than production targets for individual employees. Now the employees are focused on the whole organization rather than a specific
Words: 1969 - Pages: 8
superior quality automobiles (Rajasekera, 2013). Toyota has built a global reputation for engineering affordable, quality vehicles, capitalizing on the principles of Just-In-Time (JIT), the Total Production System (TPS), and the Japanese concept of Kaizen, or continuous improvement (Rajasekera, 2013). Known
Words: 4041 - Pages: 17
Introduction Traditionally, managers in manufacturing companies have sought to maximize production so as to spread the costs of investments in equipment and other assets over as many units as possible. In addition, managers have traditionally felt that an important part of their job is to keep everyone busy on the theory that idleness waste money. These traditional views often aided and abetted by traditional management practices. Just-in-time (JIT) is an inventory strategy that strives to
Words: 4442 - Pages: 18
Leading Change for Strategy Execution Dr. Robert S. Kaplan Baker Foundation Professor, Harvard Business School Executing strategy: Senior executives’ #1 issue The Balanced Scorecard: The Central Component in a New Strategy Execution Management System Private Sector Organizations Financial Perspective "If we succeed, how will we look to our shareholders?” Customer Perspective "To achieve our vision, how must we look to our customers?” Process Perspective "To satisfy our customers and
Words: 3753 - Pages: 16
This strategy applies principles of “just-in-time” production, also called “lean”, to align supply closely with consumer demand while avoiding surplus inventory. The report defines eight TPS terms, i.e. jidoka, just-intime, hoshin, heijunka, muda, kaizen, standardized work, and pokayoke; and gives examples of how terms are applied in other industries. TPS has been utilized by a variety of industries all over the world, though many organizations tailor system components to their needs rather than embracing
Words: 6813 - Pages: 28
and consolidated effort for refinement in terms of technologies and quality control on each end product. Example is that using proven Mitsubishi’s robust engine development coupled with Daihatsu or Toyota’s ways of manufacturing and quality control (Kaizen) by utilizing the cheaper local Malaysia resource and facilities. The end product can be seen as a reliable piece of vehicle produced in the most efficient manner with lower cost and yet achieving the international standards recognition (i.e., EURO
Words: 1836 - Pages: 8
