scholarly journals Cost of Quality Analysis on Tailors’ Industry in Aceh

2018 ◽  
Vol 1 (1) ◽  
pp. 98-111
Author(s):  
Dinaroe Dinaroe ◽  
Syarifah Umaira ◽  
Fazli Syam BZ
Keyword(s):  
Data Availability ◽  
Quality Analysis ◽  
Annual Reports ◽  
Future Research ◽  
Research Approach ◽  
Managerial Accounting ◽  
Quality Cost ◽  
Cost Of Quality ◽  
The Cost ◽  
Banda Aceh

Objective – This research aims to explore and find out the application of Cost of Quality in Managerial Accounting perspective on the Tailor’s businesses in Banda Aceh during the period of 2015 – 2017. In addition, the research purposes are to analyze the firms plan and control of the Cost of Quality and how the firms arrange the cost in order to improve the quality with minimum budget cost.Design/methodology – The study uses qualitative descriptive research approach and being conducted using data from the firms annual reports and additional in-depth interview with the owners. The technique of purposive sampling is used in this study with the data availability criteria. The population of the research are the Micro, Small and Medium Enterprises (MSMEs) in Banda Aceh, and the sample criteria among others are tailor industry factories in Banda Aceh that have already prepared financial report during the observed period. CV Kuta Alam Tailor and CV Aceh Moda Tailor have been selected as the samples and as the study case location. The researcher analyzed the data by analyzing and examining the costs incurred by the firms, at how much and what kind of it, related to the cost of quality and cost of goods sold before and after the cost of quality is being added. Results – The result shows that CV. Kuta Alam Tailor and CV. Aceh Moda Tailor in term of cost of quality is still above 2.5% of the sales, thus indicates that the cost extravagancy and there are big differences in the cost of the goods sold if the cost of quality is included into the cost of goods sold. In addition, it is also found that both firms do not make a quality cost report specifically.Research limitations/implications – The research is based on the qualitative approach and does not using empirical research tools, so then it can not be generalized for overall tailor industry in Aceh nor Indonesia, outside of the observed firms and location. Therefore, it is necessary for the future research to explore more this phenomenon by using quantitative approach in order to analyze the influence of quality cost and firm performance or budget efficiencies.Novelty/Originality – The research focuses on analyzing and examining the cost of Quality in manufactur industry, particularly in the Job-Process Industry, such as Tailor industry is still very novice and need to be nurtured. Thus, this study contributes to this area by examining the implementation and aplication of the cost of quality whether the cost information can produce managerial information through financial and managerial reporting that will improve the product quality toward cost effeciency.Keywords Cost of Quality, Prevention Cost, Appraisal Cost.

scholarly journals Mechanism of the quality cost administration system

2021 ◽  
pp. 23-26
Author(s):  
Serhii TKACHENKO ◽  
Olena POTYSHNIAK ◽  
Yevheniia POLIAKOVA
Keyword(s):  
Quality Assurance ◽  
Production Process ◽  
Cost Management ◽  
Quality Cost ◽  
Cost Of Quality ◽  
Quality Of Work ◽  
Quality Assurance Process ◽  
Assurance Process ◽  
The Cost

Strengthening the impact of the production and economic mechanism on increasing the economic efficiency of the production process and the quality of work is possible on the basis of choosing the most effective ways to achieve high end results of the national economic system of the country. One of these ways is the inclusion in the system of controlled parameters of the economic parameters of quality cost management, the use of which guarantees the quality coordination system to reach a given economically justified state. Adjustment of quality costs consists in maintaining the established proportions between the costs of quality assurance (quality) and the mismatch of work quality indicators, which is achieved by controlling the level of defects, maintaining certain conditions, rules and norms corresponding to the optimal mode of work on quality assurance and the optimal value costs. The quality assurance process is based on a classification represented by a range of activities aimed at ensuring the quality of tools, objects of labour, living labour and information data at all stages of the production process. The costing methodology is based on the selection of the costing object and costing units. Representation of work on quality assurance as an object of calculation, and hours of work or total amount of work as calculation units allows at the right time to present in value terms both the quality assurance process as a whole and the cost of quality for the product. The recommended mechanism of the cost management system in general is focused on a wide range of enterprises and associations, and its use allows to obtain the effect of minimizing the cost of quality, as well as improve the quality of work to ensure product quality, ice directly contribute to production efficiency and quality. Increase of economic benefit at the expense of cost control system solutions of the problem in the future is possible if its implementation on the basis of the theory of functional management development, conversion of static model into a dynamic coordination costs.

scholarly journals Weather Risk Management in Energy Sector: The Polish Case

Energies ◽  
2020 ◽  
Vol 13 (4) ◽  
pp. 945
Author(s):  
Monika Wieczorek-Kosmala
Keyword(s):  
Risk Management ◽  
Energy Sector ◽  
Annual Reports ◽  
Research Approach ◽  
Weather Derivatives ◽  
Weather Risk ◽  
The Cost ◽  
Energy Companies ◽  
Weather Risk Management ◽  
The Impact

The energy sector is perceived as one of the most exposed sectors to the consequences of weather risk both directly (damages of its infrastructure) and indirectly (frictions to the energy supply–demand balance). The main aim of this paper is to provide an insight into the impact of weather risk on economic activity of companies operating in the energy sector in Poland. The empirical objective is to examine whether energy companies: (i) identify their relevant weather risk exposures; (ii) evaluate the impact of weather risk in the cost-revenues dimension; and (iii) implement weather risk management tools, in this case—weather derivatives. In a methodical context, this study relies on a unique research approach and derives from works that examine companies’ risk disclosures in annual reports, by applying textual content analysis. The results indicate that Polish energy companies recognize the impact of weather risk on their performance, also in the cost-revenues dimension. However, although the reported weather risk management methods were diversified, the examined companies did not use weather derivatives to hedge their weather risk exposures. In the overall dimension, the companies leading with the perception and management of weather risk were diversified regarding performance and market size.

scholarly journals A CALCULATION OF COST OF QUALITY WITH ACTIVITY BASED COSTING METHOD TO MAINTAIN QUALITY BETWEEN PRODUCTION PROCESSES

2019 ◽  
Vol 14 (1) ◽  
pp. 1
Author(s):  
Bambang Purwanggono ◽  
Rizalt Valentinus
Keyword(s):  
Production Process ◽  
Diesel Fuel ◽  
Measuring Method ◽  
Activity Based Costing ◽  
Quality Cost ◽  
Cost Of Quality ◽  
Production Processes ◽  
Cost Categories ◽  
The Cost ◽  
A Company

ABSTRACT Quality is an image of a company. PT Berkat Manunggal Jaya is a company that its primary activity is to assemble the generator units. This company wants to improve its quality in its production processes. The Initial stage is to determine the amount of quality cost since it hasn’t been measured yet, especially in the production processes. This is because there are several cost categories that are within the company but the company still has not been able to measure them, which include the cost of diesel fuel for repeated inspection and the amount of diesel fuel that was carried when generators are delivered to the customers. The measuring method of this quality cost is using the Cost of Quality (COQ) model which details of the cost categories are based on Activity Based Costing (ABC) method. This method is suitable because it uses direct costs’ account, for instance, the use of materials as well as indirect costs as corporate overhead costs. The detail work instructions for the inspection of the production process between departments are provided based on existing procedures in the company. This is done to reduce the unacceptable product-in-progress when the production process is in operation. After calculating and put in all the activities into the four categories of Cost of Quality, the total Cost of Quality compared with the prices of sold unit from every generator set type are 1.77% for 680 KVA type open, 1.74% for 1300 KVA first type silent, 1.74% for 1300 KVA second type silent, 2.86% for 680 KVA type silent, 1.28% for 1300 KVA first type open, 1.27% for 1300 KVA second type open, 1.13% for 1740 KVA first type open, 1.13% for 1740 KVA second type open. The recommended solution for the reduction of Cost of Quality is to modify the procedure inspection flow in the company to reduce failure cost, especially in the final inspection costs (repeated test load processes).

PENGARUH TOTAL QUALITY MANAGEMENT (TQM) TERHADAP BIAYA KUALITAS DAN KUALITAS PRODUK SERTA IMPLIKASINYA TERHADAP KINERJA PERUSAHAAN DENGAN BUDAYA KUALITAS SEBAGAI VARIABEL MODERASI

2018 ◽  
Vol 1 (01) ◽  
Author(s):  
Ade Dyah
Keyword(s):  
Quality Management ◽  
Total Quality Management ◽  
Product Quality ◽  
Primary Data ◽  
Total Quality ◽  
Quality Cost ◽  
Cost Of Quality ◽  
Quality Culture ◽  
The Cost

The purpose of this study was to examine and analyze empirically the influence of Total Quality Management (TQM) to the cost of quality and product quality, the influence of Total Quality Management (TQM) to the cost of quality and product quality by quality culture as the moderating variable, the influence of the cost of quality and product quality the performance of the company.Data collection methods used in this research is in the form of secondary and primary data. The questionnaire distributed by proportional random sampling to 34 people respondent managers who working in the rattan industry in Cirebon. The method used in this research is the analysis of MRA (Moderated Regression Analysis) with SPSS tools.The results of this research are the Total Quality Management (TQM) affect the cost of quality and product quality, Total Quality Management (TQM) with a quality culture not significant effect on the cost of quality and product quality, cost and quality of the product quality no significant effect on the performance of the company.

Visualizing intellectual capital using service-dominant logic

2017 ◽  
Vol 29 (6) ◽  
pp. 1745-1768 ◽  
Author(s):  
Janet Davey ◽  
Rachael Alsemgeest ◽  
Samuel O’Reilly-Schwass ◽  
Howard Davey ◽  
Mary FitzPatrick
Keyword(s):  
Competitive Advantage ◽  
Intellectual Capital ◽  
Value Creation ◽  
Hotel Industry ◽  
Annual Reports ◽  
Future Research ◽  
Research Approach ◽  
Content Type ◽  
Reporting Practices ◽  
Operant Resources

Purpose The purpose of this paper is to investigate intellectual capital (IC) reporting, from a service-centric approach, in the hotel industry. The strategic enhancement of value-creation and sustainable competitive advantage requires both management and measurement. Sound measurement and reporting practices enable management performance to be judged; one such practice is IC disclosure. Service-dominant (S-D) logic emphasizes that intangible operant resources, the foundation of IC, are at the core of competitive advantage. Design/methodology/approach A disclosure instrument based on S-D logic and designed specifically for the hotel industry was applied to the annual reports and sustainability reports (in English) of 30 Asian hotel companies. Content analysis measured the disclosures of dynamic IC assets typically overlooked by traditional IC disclosure instruments. Findings The majority of IC communication concerns lower-order basic operant resources. Although more than one-third of the companies’ disclosures of IC assets relate to collaborative processes and practices that support networked value-creation, most disclosures demonstrate a prevailing firm-centric orientation. IC items regarding reciprocated relationship and informational management were minimally reported. Research limitations/implications A single research approach was used. Future research could use other communication channels to triangulate. Practical implications The results highlight opportunities for hotel companies to better report their IC assets as part of their value-creating strategies. Originality/value This research is one of the first to operationalize S-D logic concerning IC. It provides a promising framework for understanding IC reporting in the hotel industry.

Total Quality Cost Reduction in Head Stack Assembling

2011 ◽  
Vol 110-116 ◽  
pp. 4028-4035
Author(s):  
Wari Dansakuncharoenkit ◽  
Damrong Thawesaengskulthai
Keyword(s):  
Cost Reduction ◽  
Disk Drive ◽  
Fish Bone ◽  
Quality Level ◽  
Total Quality ◽  
Quality Cost ◽  
Cost Of Quality ◽  
Detection Ability ◽  
Quality Costs ◽  
The Cost

The PAF model, which is one of techniques about the cost of quality (CoQ), has been introduced to the head stack assembly process in the hard disk drive industry. Purpose to measure the total CoQ in the current process and use it as a tool to identify problems related to quality costs in order to find improvement plans. The total CoQ has been calculated in the percentage of the cost of quality per the cost of finished goods. Cost elements that impacted to the total CoQ have been prioritized and analyzed by using the Fish Bone diagram and the FMEA tool to find the potential causes of problems. The improvement plans have been implemented in order to reduce the chance of occurrences and improve detection ability. The result on two head stack models showed that the total CoQ could be reduced from 1.45% to 1.36% or 6.21% of improvement on the model A and reduced from 1.11% to 1.08% or 2.70% of improvement on the model B. The optimum points between the total CoQ and the quality level are 1.32% and 99.32% on the model A and 1.07% and 98.95% on the model B.

Increasing sustainable tourism through social entrepreneurship

2017 ◽  
Vol 29 (7) ◽  
pp. 1977-2002 ◽  
Author(s):  
Deborah de Lange ◽  
Rachel Dodds
Keyword(s):  
Social Entrepreneurship ◽  
Sustainable Tourism ◽  
Data Availability ◽  
Annual Reports ◽  
Future Research ◽  
Potential Contribution ◽  
Content Type ◽  
Study Approach ◽  
Canadian Context ◽  
Hospitality And Tourism

Purpose The purpose of this paper is to explore the link between social entrepreneurship and sustainable tourism and to examine the Canadian context in this regard. Design/methodology/approach The methodology entails a case study approach that includes a thorough review of the related literature and of any existing Canadian sources of hospitality and tourism social entrepreneurship/intrapreneurship projects to determine the state of the Canadian industry with respect to sustainability. Findings Findings show that there are limited showcased hospitality and tourism social entrepreneurship projects in Canada. Two main assumptions related to the Canadian context can be drawn from this search: (1) There is a lack of hospitality and tourism social entrepreneurship projects and/or, (2) hospitality and tourism social entrepreneurship projects and/or businesses are not recognized and/or there is a lack of awareness of them. Research limitations/implications This study assessed the situation in Canada and although it was comprehensive under conditions of limited data availability, it cannot speak to social entrepreneurship in sustainable hospitality and tourism globally, which is a future research opportunity. Practical implications The design of a national incentive program would encourage industry sustainability through tax breaks. This voluntary system would require that firms provide standardized annual reports with their tax filings so that reliable industry data could be collected for analysis and understanding of the sustainability of the industry. Participating firms would be distinguished on a public list. Originality/value This research has theorized on the connection of social entrepreneurship to sustainable hospitality and tourism such that social entrepreneurship drives sustainable industry growth. This is also the first study of its kind to explore social entrepreneurship’s potential contribution to the sustainability of this industry.

scholarly journals ANALISIS EFISIENSI PENGENDALIAN BIAYA KUALITAS PADA AKSAN BAKERY MANADO

2016 ◽  
Vol 11 (2) ◽  
Author(s):  
Fitriayani Adam ◽  
Hendrik Manossoh ◽  
Sherly Pinatik
Keyword(s):  
Quality Control ◽  
Descriptive Analysis ◽  
Quality Standards ◽  
Cost Ratio ◽  
Quality Cost ◽  
Cost Of Quality ◽  
Efficiency Cost ◽  
Quality Of Products ◽  
The Cost

Quality being the competitiveness of the most important for the company's products and also because the quality has been the hope and desire of everyone, especially the consumer. Customers are not going to focus on a product / service only in terms of price but in good quality inherent in the product or service. Viewed from the importance of the quality of products, each company needs to spend quality, cost of quality is the cost refers to the cost incurred to prevent or expenses incurred as a result of producing a quality product. Efforts to improve the quality of the product will not run without the cost of quality control to overcome the problems faced by the company, where quality control can help the company determine the feasibility of the quality of products based on control limits have been set. This study aims to see how the cost of quality control and to analyze the efficiency of the implementation cost of quality control conducted by Aksan Bakery in Manado. Analysis of the data used is descriptive analysis with qualitative approach and using methods of presentation quality cost ratio analysis to assess the efficiency cost of quality. Based on analysis of the cost of quality control conducted by the company it appears that the cost of quality control conducted by the company do not meet the quality standards that have been set at 2.5% of sales, for the cost of quality issued by the company is greater than a predetermined quality standards, namely amounting to 13.89% of sales. This may imply that the cost of quality control has not been carried out efficiently. Keywords : Efficiency , Cost of Quality

scholarly journals PENGAWASAN MUTU BERAS PADA PERUSAHAAN UMUM BULOG DIVISI REGIONAL SUMATERA UTARA

2018 ◽  
Vol 4 (1) ◽  
Author(s):  
Rifka Irhamna Harahap ◽  
Faiz . Ahyaningsih
Keyword(s):  
Quality Control ◽  
Quality Assurance ◽  
Statistical Quality Control ◽  
Total Quality ◽  
Quality Cost ◽  
Cost Of Quality ◽  
Statistical Quality ◽  
The People ◽  
Almost All ◽  
The Cost

ABSTRAKBeras adalah makanan pokok paling penting bagi penduduk Indonesia. Beras juga merupakan sumber utama pemenuhan gizi yang meliputi kalori, protein, lemak dan vitamin. Perusahaan Umum BULOG memiliki tanggung jawab untuk peningkatan stabilisasi dan pengelolaan persediaan bahan pokok dan pangan. Salah satunya bahan pangan yang dikelola BULOG adalah beras. Pihak BULOG terkadang menerima keluhan mengenai kualitas beras yang disalurkan tidak layak konsumsi atau buruk. Permasalahan dapat di ketahui penyebabnya dengan menggunakan salah satu alat dari Statistical Quality Control, yaitu Peta Kendali. Peta Kendali menunjukkan hampir keseluruhan data sudah terkendali secara statistik tetapi ada beberapa data yang di luar kendali yaitu pada bulan Juli, Agustus dan September. Ini disebabkan karena terlalu lama masa simpan dipenyimpanan gudang. Biaya yang dikeluarkan untuk memperbaiki mutu yaitu Biaya Pengawasan Mutu, Biaya Jaminan Mutu dan Total Biaya Mutu. Biaya yang dikeluarkan yaitu Biaya Pengawasan Mutu sebesar Rp 14.462.218,32, Biaya Jaminan Mutu sebesar Rp. 740. 244.100 dan Total Biaya Mutu sebesar Rp 754.706.318,18. Biaya dapat diminimumkan dengan mengoptimumkan kerusakan sebesar 1.034.677,331 kg maka biaya pengawasan mutu sebesar Rp. 103.466.733. biaya jaminan mutu sebesar Rp 103.467.733,1 dan total biaya mutu menjadi Rp 206.935.466,1.Kata kunci: Beras, Mutu, Stastical Quality Control, Biaya Mutu ABSTRACTRice is the most important for the people of Indonesia.Rice is also a major source of nutritional fulfillment which includes calories, protein, fat and vitamins.Perum BULOG has responsibility for improving the stabilization and management of staple and food supplies.One of the foodstuffs managed by BULOG is rice.BULOG parties sometimes receive complaints about the quality of rice distributed unfit for consumption or bad.Problems can be known by using one of the tools of Statistical Quality Control, namely Control Chart.The control chart shows almost all data is statistically controlled but there are some data out of control that is in July, August and September.This is because too long shelf store warehouse storage.Costs incurred to improve quality are Quality Control Costs, Quality Assurance Costs and Total Quality Costs.The cost incurred is the Cost of Quality Supervision of Rp 14,462,218.32, Quality Assurance Cost of Rp. 740. 244,100 and Total Quality Cost of Rp 754,706,318.18.The cost can be minimized by optimizing the damage of 1,034,677,331 kg then the cost of quality control is Rp. 103.466.733. cost of quality assurance of Rp 103,467,733.1 and total cost of quality to Rp 206,935,466.1.Keywords: Rice, Quality, Statistical Quality Control, Quality Cost

scholarly journals ANALISIS PENGENDALIAN KUALITAS PRODUK TELUR ASIN PADA UD. SARI LUWIH DI DESA PADANG LUWIH

2020 ◽  
Vol 9 (6) ◽  
pp. 2332
Author(s):  
Angela Ayu Dewi Candrawati ◽  
I Nyoman Nurcaya
Keyword(s):  
Quality Control ◽  
Egg Production ◽  
Optimal Level ◽  
Statistical Quality Control ◽  
Quality Cost ◽  
Cost Of Quality ◽  
Statistical Quality ◽  
Quality Costs ◽  
Egg Products ◽  
The Cost

Good quality in the production process, with predetermined standards will minimize damaged products. The study was conducted at UD. Sari Luwih is a manufacturing and trading company that processes and sells salted egg products. This study aims to determine the quality control system of salted egg production processes at UD. Sari Luwih is optimal or not. Research is descriptive with a qualitative approach. The sampling method is by census technique. The data used in this study, is the data on the number of damaged salted egg products in the period from October to November 2019 with a sample of 37,500 eggs saturated. The analysis technique used is statistical quality control (SQC) using Check sheets, P-charts, Fishbone diagrams, and Quality cost. The results of the analysis using the P-chart show the amount of product damage that is beyond the control limits and requires more control, whereas for quality costs in 2019, the company's actual cost of quality is Rp. 21,210,696.89 is greater than the optimum quality cost where the cost is Rp. 17,389,652.10 shows that the cost of quality control has not yet reached the optimal level. Keywords: quality cost; quality; statistical quality control; SQC.

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