scholarly journals Impact of implementing TPM Based Tool Cost Management Approach in Indian Manufacturing Industry

2020 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Pardeeep Gupta ◽  
Sachit Vardhan
Keyword(s):  
Manufacturing Industry ◽  
Cost Management ◽  
Management Approach ◽  
Tool Cost

scholarly journals THE EFFECT OF INTERNAL COST MANAGEMENT, INTEGRATION OF EXTERNAL AND INTERNAL INFORMATION SYSTEMS, AND FIBER CAPACITY ON INTER-ORGANIZATIONAL COST MANAGEMENT IN SUPPLY CHAINS (Empirical Studies in Manufacturing Companies in The Province of Banten)

2020 ◽  
Vol 5 (1) ◽  
pp. 89-97
Author(s):  
Gugun Gunawan
Keyword(s):  
Supply Chains ◽  
Absorptive Capacity ◽  
Structural Equation ◽  
Cost Management ◽  
Theory And Practice ◽  
Equation Modeling ◽  
Management Approach ◽  
Manufacturing Companies ◽  
Electronic Integration ◽  
Organizational Costs

Inter-organizational cost management is a strategic cost management approach to managing costs that span organizational boundaries in supply chains. Drawing on the resourcebased view of the firm, we develop a model to predict which inter-related resources might enable companies to manage inter-organizational costs. We test this model using a survey of managerial accountants whose organizations are part of a supply chain. Using structural equation modeling, we conclude that the resources of internal electronic integration, external electronic integration, internal cost management, and absorptive capacity play significant direct and indirect roles in the development of an inter-organizational cost management (IOCM) resource. We find that these resources are inter-related and together are useful in enabling companies to ultimately benefit from managing inter-organizational costs. We find in particular the importance of relational resources associated with absorptive capacity in the development of an IOCM resource. Our research contributes to theory and practice by explaining how specific resources can be combined in allowing companies to better manage inter-organizational costs. Data were analyzed using SEM with the aid SmartPLS software version 3.0

Empirical Study of the Implementation of Certain Budgeting Concepts in Manufacturing Companies in Serbia

2021 ◽  
Vol 59 (1) ◽  
pp. 61-76
Author(s):  
Marija Nikodijević ◽  
Blagoje Novićević ◽  
Milovan Rogan
Keyword(s):  
Empirical Study ◽  
Manufacturing Industry ◽  
Management Approach ◽  
Manufacturing Companies ◽  
Global Trends ◽  
Current State ◽  
Tradable Goods ◽  
Key Features ◽  
And Performance ◽  
Macroeconomic Environment

Abstract The basic indicators of manufacturing industry’s level of development are still at an unenviable level, although it provides the majority of tradable goods of Serbian economy and has the most significant share in gross domestic product. This state of the manufacturing industry in Serbia is the result of an unstable macroeconomic environment and institutional insecurity, as well as an inadequate management approach in companies of this sector. Taking into account the situation, there is an obvious need to change management approach in these companies, which includes improving their budgeting processes and systems. Budgeting, as a management instrument, has become important in companies in Serbia only in the last decades, that is, after the change of the economic system. The results of the conducted empirical study, aiming to perceive the current state and relevant management attitudes regarding the implementation of certain budgeting concepts in manufacturing companies in Serbia, are presented in this paper. The study aims to determine the current presence of certain budgeting concepts, as well as which concepts the management of the sample companies intends to implement in the future, since it considers them an appropriate and a good solution for its company, taking into account the specifics of its environment and business. The presented results will show whether manufacturing companies in Serbia follow global trends in budgeting practices that relate to the implementation of modern budgeting concepts with flexibility, customer focus and performance based as their key features.

Productivity improvement using lean manufacturing in manufacturing industry of Northern India

2018 ◽  
Vol 67 (8) ◽  
pp. 1394-1415 ◽  
Author(s):  
Jagdeep Singh ◽  
Harwinder Singh ◽  
Gurpreet Singh
Keyword(s):  
Lean Manufacturing ◽  
Manufacturing Industry ◽  
Management Approach ◽  
Successful Implementation ◽  
Productivity Improvement ◽  
Content Type ◽  
Manufacturing Technique ◽  
Northern India ◽  
Lean Tools ◽  
Manufacturing Environments

Purpose The purpose of this paper is to uncover the significance of lean manufacturing technique in manufacturing environments. Design/methodology/approach Lean manufacturing is a management approach focused on incremental improvements in operations. Different lean strategies are being utilized by manufacturing industry to improve the performance of current manufacturing system processes. This study attempts to evaluate the performance of different lean manufacturing tools in the manufacturing industry of northern India. The importance level of different lean tools, important benefits achieved after successful implementation of lean manufacturing approach and benefits occurred after implementation of different lean tools have been identified. A questionnaire survey in the case company has been performed and the most important element of lean manufacturing has been implemented. Findings Results explicitly depict that just-in-time manufacturing is the most important element of lean manufacturing. Results indicate the net savings of rupees 242,208 annually after implementing lean manufacturing technique in a case company. Originality/value The paper demonstrates the practical application of lean technique showing how it can bring real breakthroughs in saving cost in the manufacturing industry.

Strategic cost management: an activity‐based management approach

1998 ◽  
Vol 36 (7) ◽  
pp. 441-447 ◽  
Author(s):  
John M. Trussel ◽  
Larry N. Bitner
Keyword(s):  
Cost Management ◽  
Management Approach ◽  
Strategic Cost Management

scholarly journals Interorganizational Cost Management Study on Inhibitor

2016 ◽  
Vol 9 (3) ◽  
pp. 68
Author(s):  
Rafael Araújo Sousa Farias
Keyword(s):  
Corporate Strategy ◽  
Cost Management ◽  
Corporate Training ◽  
Academic Research ◽  
Management Approach ◽  
Training And Education ◽  
Complex Issue ◽  
Management Study ◽  
Structured Approach ◽  
Price Offer

<p>Strategic cost management in supply chains is not a new concept. Coordinated actions between companies of the same chain, in order to reduce costs and end consumer price, offer opportunities for improved results. Interorganizational Cost Management (IOCM) is a structured approach with a broad vision, beyond the borders of the organization, which aims to reduce costs at the internal and external levels. Indeed, cost management is a complex issue that permeates all areas of the organization and may pose a number of difficulties to be implemented and sustained. Thus, this work has the overall goal of identifying, in the literature, the factors and conditions that inhibit the applicability of the Interorganizational Cost Management approach. To achieve these goals, an analysis was made of 35 academic research studies available in the literature that reported the difficulties faced by companies in cooperative cost management. The analysis of the studies showed the perceptions of different companies, and described the difficulties they face; therefore, the present research is qualitative and exploratory. Factors that inhibit IOMC were grouped into: (i) corporate strategy; (ii) integration of companies; (iii) people; (iv) intra- and interorganizational processes; (v) corporate training and education; (vi) disputes between companies; and (vii) lack of trust between companies.</p>

MANAGEMENT APPROACH TO ACCOUNTING AND ANALYSIS OF PERSONNEL COSTS IN THE ORGANIZATION

2017 ◽  
Vol 6 (3) ◽  
pp. 70-76 ◽  
Author(s):  
Маличенко ◽  
I. Malichenko
Keyword(s):  
Statistical Approach ◽  
Cost Management ◽  
Management Approach ◽  
Personnel Costs ◽  
Goods And Services ◽  
Material Resources ◽  
Managerial Decisions ◽  
Management Approaches ◽  
The Cost

According to the accounting and management accounting, personnel costs are the second largest in terms of volume after material resources in the cost of goods and services. In this connection, the analysis of personnel costs and the adoption of well-founded managerial decisions for effective planning and development remain the priority for companies. The presence of only an accounting (statistical) approach to cost management does not allow you to determine the entire set of hidden costs associated with personnel management. The article compares the accounting and management approaches to the accounting and analysis of personnel costs, provides a management classification of costs for targeted and functional purposes, on the basis of which general and private HR-budgets are formed, followed by an assessment of the effectiveness of using planned costs. The lack of an administrative approach to the accounting of personnel costs in the organization leads to their substantial underestimation, to their impersonal consideration in the composition of the organization’s total expenses, which ultimately reduces the profit indicators and deforms the strategic attitudes of the organization

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