Modern Management Techniques
Modern Management Techniques
In context with Toyota Ltd
"The past 15 years have seen a series of new developments within Management Accounting to meet the ever changing needs of the organisation in the light of rapidly changing technologies".
Author: Kobby Darko-Ampem
Tutor: STEVE DUNGWORTH
16th December 2010
CONTENTS
Page
Introduction................................................................................... 2
Just In Time.................................................................................... 3
Activity Based Costing.................................................................... 5
Theory of Constraints...................................................................... 9
Bibliography.................................................................................... 12
Electronic Resources....................................................................... 12
Introduction
This report has been prepared to cover a project requirement for Decision Management within the grounds of ‘New Developments in Management’ and in response to the following;
"The past 15 years have seen a series of new developments within management accounting to meet the ever changing needs of the organisation in the light of rapidly changing technologies".
The focus of this report will be on three relatively new developments including JIT (just in time), ABC (Activity Based Costing) and ToC (Theory of Constraints). Each development will be defined and then illustrated, before being examined in context with Toyota Ltd. The illustrations will be in the form of diagrams and if necessary, numerically discussed in reference to Toyota Ltd with an example working.
JIT
The JIT method was first implemented in the early 1970’s at the time of the industrial revolution within Japanese Firms.
In context with Toyota Ltd
"The past 15 years have seen a series of new developments within Management Accounting to meet the ever changing needs of the organisation in the light of rapidly changing technologies".
Author: Kobby Darko-Ampem
Tutor: STEVE DUNGWORTH
16th December 2010
CONTENTS
Page
Introduction................................................................................... 2
Just In Time.................................................................................... 3
Activity Based Costing.................................................................... 5
Theory of Constraints...................................................................... 9
Bibliography.................................................................................... 12
Electronic Resources....................................................................... 12
Introduction
This report has been prepared to cover a project requirement for Decision Management within the grounds of ‘New Developments in Management’ and in response to the following;
"The past 15 years have seen a series of new developments within management accounting to meet the ever changing needs of the organisation in the light of rapidly changing technologies".
The focus of this report will be on three relatively new developments including JIT (just in time), ABC (Activity Based Costing) and ToC (Theory of Constraints). Each development will be defined and then illustrated, before being examined in context with Toyota Ltd. The illustrations will be in the form of diagrams and if necessary, numerically discussed in reference to Toyota Ltd with an example working.
JIT
The JIT method was first implemented in the early 1970’s at the time of the industrial revolution within Japanese Firms.
Bibliography: Ronald J. Lewis (1993) Activity Based Costing for Marketing and Manufacturing Quorum Books Janet Brammer and Aubrey Penning (2009) Managing Performance & Resources Osborne Books Steven Spear (2010) Just In Time Practice at Toyota Colin Drury (2008) Management and Cost Accounting 7th Edition