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1.
What is the need of Total productive maintenance (TPM) in a manufacturing
company? Select any manufacturing company of your choice, and do a detailed
study of its TPM process.
Answer: TPM is the concept originally developed by JIPM (Japanese Institute of Plant
Maintenance). Then it became the
2.
Michael Porter in 1985 in his book, "Competitive Advantage: Creating and
Sustaining Superior Performance" proposed three generic strategies of cost
leadership, differentiation, and focus. Select any Indian company and explain
how it has implemented the Porter’s generic strategies.
Answer: “A company’s
competitive strategy consists of business approaches and initiatives it
undertakes to attract customers and fulfil their expectations”: Thompson and
Strickland. It aims to appeal to customers in
3.
Activity-based costing (ABC) has helped many companies for decades gain a true
understanding of their costs to produce and distribute products to customers.
ABC provides a precise, accurate view of costs at very granular levels—namely,
at the individual product, service and customer level. Successes during the
1980s in applying ABC methods to manufacturing prompted an eventual expansion
of this methodology to other key components of the supply chain (e.g.,
distribution). Manufacturers such as Proctor & Gamble and Warner-Lambert
began using ABC models to determine their overall costs to serve individual
customers (e.g., Walmart), and to evaluate the costs of offering different
individual services to customers (e.g., services such as vendor-managed
inventory and advanced shipment notices, or ASNs). (Source: Miller, B. T. The
ABCs of Activity-Based Costing for Logistics.)
a.
What is ABC and how is it different from the traditional costing methods?
b.
Using suitable examples, explain the important factors for selecting the cost
drivers in ABC.
Answer: a) Activity Based Costing (ABC) is a powerful tool for measuring
performance. It is based upon the fundamental premise that products consume activities to build and deliver. Those
activities consume resources and
the resources are acquired at a cost. By establishing these linkages ABC brings
clear visibility to
Complete Assignment available for NMIMS
in rs 250 per assignment only
You can call us 87-55555-879
Within 1 hour will revert you by mail
Sample only
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