COST CLASSIFICATION CONCEPT OF COST: DEFINITION: A SACRIFICE OR GIVING UP OF RESOURCES FOR A PARTICULAR PURPOSE FREQUENTLY MEASURED BY THE MONETARY UNITS (RUPEES‚ DOLLARS) THAT MUST BE PAID FOR GOODS AND SERVICES . ➢ EMPHASIS ON COST INFORMATION: MANAGEMENT ACCOUNTANTS PAY A LOT OF ATTENTION TO COSTS BECAUSE COST HAVE A VITAL ROLE TO PLAY IN PLANNING ‚ EVALUATING AND DECISION MAKING. FOR EXAMPLE IN PLANNING THE ROUTE AND FLIGHT SCHEDULES THE MANAGER OF AN AIR LINE MUST CONSIDER
Premium Costs Management accounting Variable cost
resolve it. In the following parts‚ this project will briefly identify the definition of quality and total quality and tell the differences between them at the same time. Moreover‚ it will illustrate three main pioneers of total quality management during the development. In the end‚ the following project will make some prediction of the trends of quality management in the future. Quality and Total Quality Quality “Quality” is a word that is commonly used in daily life. People can often see
Premium W. Edwards Deming Joseph M. Juran PDCA
Total Quality Management Notes UNIT I INTRODUCTION 9 Introduction - Need for quality - Evolution of quality - Definition of quality - Dimensions of manufacturing and service quality - Basic concepts of TQM - Definition of TQM – TQM Framework - Contributions of Deming‚ Juran and Crosby – Barriers to TQM. Introduction The definition of quality depends on the role of the people defining it. Most consumers have a difficult time defining quality‚ but they know it when they see it. For example‚ although
Premium W. Edwards Deming Quality management Quality assurance
PHYSICAL DISTRIBUTION AND LOGISTICS A company the size of McDonald’s requires the value chain to be increasingly important. Not only does McDonald’s want to add value for the customers‚ but also the firm looks for ways to improve the operations that makes McDonald’s a more efficient business .McDonald’s is constantly striving to add value to the firm for their customers‚ and in doing so‚ the firm has created efficiency in getting the products to the customers quickly and as fresh as possible
Premium Supply chain management Supply chain Logistics
Introduction Most organizational management theories descend either from Frederick Taylor’s scientific management theory or from Elton Mayo ’s human relations model. Total Quality Management (TQM) theory grew out of existing organizational management theories‚ in part‚ as a response to the problems in those theories. Edwards Deming and Joseph Juran are most responsible for the development of TQM. Deming and Juran began work on TQM in the 1930s and continued shaping the management model into the
Premium Management W. Edwards Deming
MANILA BUSINESS COLLEGE MANILA SUBJECT: Total Quality Management TERM/SCHOOL YEAR: 3RD Trimester‚ School Year 2012-2013 COURSE REQUIREMENT: TQM at Bosch Philippines FACULTY: Dr. Esmeraldo D. Dimaculangan‚ Jr. SUBMITTED BY: Asnia Bayabao Bernadeth Cruz Regineth Van Mino DATE SUBMITTED: April 19‚ 2013 ACKNOWLEDGEMENT First of all‚ we are very grateful to the Almighty God - for bearing us the knowledge and wisdom that has been used throughout
Premium Customer service Marketing Sales
Rutgers Department of SCMS Xiaowei Xu Inventory Concepts 1 Rutgers Department of SCMS Xiaowei Xu Definition of Inventory • Inventory is the stock of any item or resource used in an organization and can include: raw materials‚ finished products‚ component parts‚ supplies‚ and work-in-process • An inventory system is the set of policies and controls that monitor levels of inventory and determines what levels should be maintained‚ when stock should be replenished‚
Premium Inventory Supply chain management
RURAL SANITATION PROGRAMME (TOTAL SANITATION CAMPAIGN) Individual Health and hygiene is largely dependent on adequate availability of drinking water and proper sanitation. There is‚ therefore‚a direct relationship between water‚sanitation and health. Consumption of unsafe drinking water‚ improper disposal of human excreta‚ improper environmental sanitation and lack of personal and food hygiene have been major causes of many diseases in developing countries. Individual Health and hygiene is largely
Premium Sanitation Hygiene
r/K Strategists concept Alan Soffan In nature insect makes adaptation known as adaptive stategy as a result of selective environment factor acting in a population (Horn‚ 1976). They need to have certain strategies for efficiently utilizing the available time and energy to maximize their own survival (Atkins‚ 1980).There are two extreme strategist applied by insect in adapting theirself in certain environment. R-stretegies R-strategies principally operates to maximize reproductive rates
Premium Population ecology Population density Population growth
HISTORY OF TQM The history of total quality management (TQM) began initially as a term coined by the Naval Air Systems Command to describe its Japanese-style management approach to quality improvement. An umbrella methodology for continually improving the quality of all processes‚ it draws on a knowledge of the principles and practices of: The behavioral sciences The analysis of quantitative and nonquantitative data Economics theories Process analysis TQM TIMELINE 1920s Some of the first
Premium Management Quality assurance Quality