Before a controller can delve into the specifics of the controller job description‚ it is first necessary to determine how the accounting function fits into the rest of the organization. This used to be a simple issue; the accounting staff processed transactions to support business operations—period. This required a large clerical staff managed by a small cadre of people trained in the underlying techniques for processing those transactions. In this environment‚ the stereotypical image of an
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The automation of the manufacturing process for MK20 at ITT created a debate that can be summarized in the following sentence: to what level automation is good in different plants. The cost/flexibility tradeoff is always present when discussing automation. Basically‚ the implication of automation for cost can be viewed from different perspectives. Automation is utilizing control systems and information technology to reduce human work during production especially for tasks that require physical interventions
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Case Study: The Corporation 1. In the mid 1800s the corporation emerged as a "legal person" by way of maneuvering in the legal system. For the next 100 years we saw the rise to dominance of the corporation. The corporation created unprecedented wealth but at what cost? The externalities of corporate operations are responsible for countless cases of illness‚ death‚ poverty‚ pollution‚ exploitation and lies. Voice your opinion on this. Who Is Responsible for regulating these Corporations?‚ The Government
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FINANCIAL PLANNING AND CONTROL IN A SERVICE COMPANY In our previous discussions‚ we keep on talking about financial planning‚ budgets and control but in a context of a manufacturing concern. Manufacturing‚ meaning you are going to a process to come up with a tangible end product. Today I will present to you relatively the same topic but in a service business setting. Internationally‚ service business are believed to represent higher percentage of US jobs and GDP and been grown rapidly as the time
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models to std. equipment‚ leading to larger demand at low cost; 2) Shorter product development lead times – shorter window for component manufactures‚ ITT gets 2 years to develop MK20; 3) Technological obsolescence (shorter product life cycles) – needs rapid production ramp-up; 4) Shorter margins – 5% (1987) to 1.5% (1991) Case Worksheet (ITT Automotive: Global Manufacturing Strategy – 1994) (Manufacturing) Strategy – Standardized‚ automated production using principles of simultaneous engineering
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REVIEW QUESTIONS FOR CHAPTER 10 1. A case-control study is characterized by all of the following except: a. It is relatively inexpensive compared with most other epidemiologic study designs b. Patients with the disease (cases) are compared with persons without the disease (controls) c. Incidence rates may be computed directly d. Assessment of past exposure may be biased e. Definition of cases may be difficult 2. Residents of three villages with three different
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CASE CONTROL STUDY A case control study is a method extensively used by the medical profession‚ as an easy and quick way of comparing treatments‚ or investigating the causes of disease. Longitudinal studies are the preferred method‚ but are often expensive‚ time consuming and difficult. Whilst this method does suffer from some weaknesses‚ it is quick‚ and delivers results quickly. The case control study uses groups of patients stricken with a disease‚ and compares them with a control group
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The $3.5Bn company is an Auto component manufacturer with offerings in 8 product groups. It has Engineering and production presence in EU and US. ITT-Teves (for ABS) is the only auto supplier to exceed $1 Bn Sales. ABS Market trend In 1990s Greater hands on experience with technology‚ and economies of scale due to increased demand drove cost reduction in ABS Systems. Suppliers faced challenges to meet volumes as greater emphasis on safety to fit wider products‚ made OEMs to introduce ABS even compact
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Indian Institute of Management‚ Ranchi Strategic Operation Management 1 2 3 ID PGEXP/019/2013 Name Bharat Bhushan PGEXP/057/2013 PGEXP/063/2013 Prasanta Kumar Pattnaik Rajesh Dhiman Case Submission Date: 10-Jan-2015 Post-Graduate Executive Programme in Management PGEXP (2013-15 Batch) ITT Automotive – Industry Detail PRODUCT DETAIL : Anti-Lock Brake system (ABS) CHILD PARTS: Electric Motor‚ Hydraulic Fluid Pump‚ Valve Block‚ Microprocessor Controller‚ Wire Harness and Wheel Sensor assemblies
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Mouse Trap: Woodstream Corporation The company that has been chosen for this case study is Woodstream Corporation. This company was founded in 1832 and was formerly known as Animal Trap Company of America. It manufactures and markets a variety of pest control products including rodent control‚ caring control for pets and different types of mouse traps. It has been around for more than 150 years and marketed over 2500 unique products. Woodstream works to bring innovation to consumers by combining
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