Cost Control and Cost Reduction A business enterprise must survive‚ grow‚ and prosper. Cost Control and Cost Reduction are activities necessary for ensuring that these objectives are fulfilled. With the liberalization of the Indian Economy and Globalization‚ there is now a cut throat competition from various concerns of the world. As a result there is now a race to secure a place for survival. This has increased the importance of cost control and Cost Reduction. Cost Control “Cost control
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considering business process re-engineering in order to meet the department’s recent substantial budget cuts. He has been asked to develop a cost budget for the coming year that is 10 per cent lower than the costs for the current year. The licensing department‚ which employed 50 people‚ issues driver’s license to qualified applicants. On average‚ the department currently processes 250 licenses per hour. To achieve the required cost savings‚ the branch manager has decided to re-engineer the process. The
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customer’s credit card. This process of selling a product or service is known as the ________ process. A) make-to-order B) time-to-market C) order-to-cash D) procure-to-pay E) make-to-stock Answer: C 2) The processes associated with the acquiring of goods from external vendors are together referred to as the ________ process. A) make-to-stock B) make-to-order C) order-to-cash D) plan-to-produce E) procure-to-pay Answer: E 3) In the ________ process‚ goods are produced based
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arose as a result. I will start this case study with a brief contextual background of the company. Literature review The purpose of Enterprise Resource Planning‚ or ERP‚ is to effectively integrate all departments and functions within any given business onto one computer system. If implemented appropriately‚ ERP should serve the needs of these departments by centralising any required information‚ making it easily accessible and vastly improving interdepartmental communication. A good ERP system
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THE SIGNIFICANCE OF INFORMATION TECHNOLOGY IN THE BUSINESS OF NIGERIA CHEMICAL CORPORATION BY OCHALA YUSUF OJIH MAT. NO: PGSS/ UJ/00442/07 BEING AN ASSIGNMENT ON MBA 505 (ICT MANAGEMENET) SUBMITTED TO MR. OKI‚ E.U.(MBA) DEPARTMENT OF MANAGEMENT SCIENCES UNIVERSITY OF JOS FEBRUARY 2009 INTRODUCTION Since the start of the 21st century‚ there has been an emphasis economic reform in Africa‚ which makes regional economies more attractive to foreign investors: Over the
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Contents 1. Introduction (business profile‚ vision‚ mission) 2. Corporate strategy 3. Operations strategy 3.1 Cost 3.2 Quality 3.3 Delivery speed 3.4 Delivery reliability 3.5 Demand management 3.6 Variety 3.7 Innovation 4. Service Delivery System 4.1 Design of service delivery system 4.2 Service blueprint 4.3 Evaluation of service delivery system 5. Analysis of operations management system 6. Proposal for operational improvements 6.1 Business process reengineering (BPR) 6.2 Total quality management
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The economic landscape underwent radical changes throughout the 1990s with Increasing globalization‚ technological breakthroughs (particularly Internet-enabled Web services)‚ and hyper competition. Business process reengineering exercises became more common and frequent‚ with several initiatives‚ such as right sizing of employee numbers‚ reducing the layers of management‚ reducing the bureaucracy of organizational structures‚ autonomous work teams‚ and outsourcing. Firms today realize that innovative
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popular between periods of time but lost its popularity in the long run. Management fads are most of the time introduced by management gurus‚ management consultants. Examples of fads are Quality Circles‚ Total Quality Management‚ and Business Process Reengineering. Depending on the managers and how the fad is implemented‚ it could have either a negative or positive effect on a company. Quality Circles - A group of employees who perform similar duties and meet at periodic intervals‚ often
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Executive Summary Based on our analysis regarding competitive advantage‚ company comparison‚ financial data and operational excellence‚ we believe UPS will be a better performer in the long run as compared to FedEx. Competitive Advantage UPS has a first mover advantage over FedEx‚ beginning air delivery service in 1929. Although FedEx was the first to own and operate their own planes and introduced the innovative “hub and spoke” distribution pattern‚ UPS leads in specialized transportation and logistics
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academicians and practitioners Infosys Technologies Ltd.: Growing Share of a Customer’s Business James A Narus and D V R Seshadri Case Analysis I Janaki Anant Principal Solution Architect i-flex solutions Ltd e-mail: janaki.anant@iflexsolutions.com T The April-June‚ 32(2)‚ 2007 issue of Vikalpa had published a Management Case titled “Infosys Technologies Ltd.: Growing Share of a Customer’s Business‚” by James A Narus and DVR Seshadri. This issue features responses on the case by
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