The Impact of Integrating Quality Costing and Value Stream Costing Concerning Competitive Advantage: Applied Study in Iraqi Industrial Sector

2021 ◽  
Vol 39 (11) ◽  
Author(s):  
Imad Almashkor ◽  
Elham Jaafer Alshawi ◽  
Jaber H Ali
Keyword(s):  
Competitive Advantage ◽  
Production Efficiency ◽  
Industrial Sector ◽  
Production Costs ◽  
Quality Cost ◽  
Value Stream ◽  
Industrial Companies ◽  
Strong Relation ◽  
Reducing Costs ◽  
The Impact

By collecting data from a sample of Iraqi companies, the purpose of this study was to look into the impact of integrating quality cost and value stream costing on competitive advantage in Iraqi industrial companies. Quality costing helps management in lowering costs and preventing non-added costs, whereas value stream costing assists in tracing costs through production lines and enhancing cost Consumption, , both of the systems mentioned above assist in reducing production costs while increasing production efficiency, hence increasing competitive advantage. To achieve the research objectives, a quantitative method has been used, with a questionnaire with closed-ended questions distributed online to a sample of (100) managers and accountants in Iraqi industrial companies. The study concluded that there is a statistically significant, positive, and strong relation between the integration of Quality cost and value stream costing in Iraqi industrial companies, and that these two systems are complementary. The researchers recommend that in Iraqi industrial companies, Quality Cost be used in conjunction with Value Stream Costing in order to improve the use of the establishment's resources thus reducing costs to improve competitive advantage.

scholarly journals The impact of the logistics management in customer satisfaction

2017 ◽  
Vol 11 (1) ◽  
pp. 292-301
Author(s):  
Amine Ghoumrassi ◽  
Gabriela Țigu
Keyword(s):  
Customer Satisfaction ◽  
Poor Quality ◽  
Business Owners ◽  
Production Costs ◽  
Logistics Management ◽  
Industrial Companies ◽  
Supply And Distribution ◽  
Reducing Costs ◽  
The Cost ◽  
The Impact

Abstract Logistics management is one of nowadays tools to face economic challenges; it’s a mix of business and core activities of the organization. The supply and distribution activities integrated together form what’s known as logistics activities. The logistics activities within a business organization attempt to satisfy customers through achieving the time and location related market challenges and also through the cost of the service provided as well as the quality, taking into consideration customers needs and purchase power. Customer satisfaction is important because it provides marketers and business owners with a metric that they can use to manage and improve their businesses. Customer satisfaction is also a way to determinate the continuity of the business or of a product life by measuring the loyalty of the customers. If the customers are happy and satisfied, it will ensure the continuity of sales which means the continuity of the business. In the past customer satisfaction was more focused on requirements such as quality and reliability reducing costs of poor quality. In mid 50’s the production costs were continuously increasing, The way to maintain the company’s position within a changing market and increase profit starts by focusing on the service provided to the customer and on decreasing the cost, logistics activities became the backbone of these organizations that target the customer satisfaction while achieving competitive advantage. This study aims to show the impact of the logistics management on customer satisfaction in small and mid-sized Algerian industrial companies, by interviewing the companies managers and everybody in charge of the logistic process, the interview questions will be based on some literature review issues.

scholarly journals The Leading Impact of the Application of Nanotechnology on Reducing the Expected Production Costs in the Jordanian Industrial Companies

2018 ◽  
Vol 12 (1) ◽  
pp. 73
Author(s):  
Osama Abdulmunim Ali
Keyword(s):  
Financial Market ◽  
Technological Development ◽  
Scientific Progress ◽  
Production Costs ◽  
Global Industry ◽  
Industrial Companies ◽  
Industrial Leadership ◽  
Traditional Costing ◽  
Reducing Costs ◽  
The Impact

Nanotechnology and nanomaterials are some of the most important modern concepts that when economic units enter into production, they will offer products with features that are superior to those produced in a traditional costing manner. Given the scientific progress and technological development that have led to increased competition, the industrial companies need to Apply concepts that help introduce nanomaterials into production and reap the benefits ,Therefore, This study aimed to find the leading impact of the application of Nanotechnology on reducing production costs in Jordanian industrial companies. The sampling unit in this study consists of the financial managers and cost managers of the listed industrial companies In Amman Financial Market, where the number of financial directors and cost managers of industrial companies was (105) , and (80) questionnaires have been distributed to companies, (75) questionnaires were retrieved , (5) questionnaires were incomplete, thus the number of questionnaires recovered and were ready for analysis were (70) questionnaires, The most important result of the study was the impact of the application of nanotechnology dimensions combined on reducing costs in the Jordanian industrial companies, while the most important recommendation of the study was the need of Jordanian industrial companies management's commitment to the moral values Of Nanotechnology to reach local and global industrial leadership. With the need of them to recognize the importance of the workforce in the deployment and adaptation of Nanotechnology to reach a global industry level. .

scholarly journals The impact of the logistics management in customer satisfaction

2018 ◽  
Vol 12 (1) ◽  
pp. 407-415
Author(s):  
Amine Ghoumrassi ◽  
Gabriela Tigu
Keyword(s):  
Customer Satisfaction ◽  
Poor Quality ◽  
Business Owners ◽  
Production Costs ◽  
Logistics Management ◽  
Industrial Companies ◽  
Supply And Distribution ◽  
Reducing Costs ◽  
The Cost ◽  
The Impact

Abstract Logistics management is one of nowadays tools to face economic challenges; it’s a mix of business and core activities of the organization. The supply and distribution activities integrated together form what’s known as logistics activities. The logistics activities within a business organization attempt to satisfy customers through achieving the time and location related market challenges and also through the cost of the service provided as well as the quality, taking into consideration customers needs and purchase power. Customer satisfaction is important because it provides marketers and business owners with a metric that they can use to manage and improve their businesses. Customer satisfaction is also a way to determinate the continuity of the business or of a product life by measuring the loyalty of the customers. If the customers are happy and satisfied, it will ensure the continuity of sales which means the continuity of the business. In the past customer satisfaction was more focused on requirements such as quality and reliability reducing costs of poor quality. In mid 50’s the production costs were continuously increasing, The way to maintain the company’s position within a changing market and increase profit starts by focusing on the service provided to the customer and on decreasing the cost, logistics activities became the backbone of these organizations that target the customer satisfaction while achieving competitive advantage. This study aims to show the impact of the logistics management on customer satisfaction in small and mid-sized Algerian industrial companies, by interviewing the companies managers and everybody in charge of the logistic process, the interview questions will be based on some literature review issues.

Lessons learned from quality management system ISO 9001:2015 certification: practices and barrier identification from Brazilian industrial companies

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Luís César Ferreira Motta Barbosa ◽  
Otávio José de Oliveira ◽  
Marcio Cardoso Machado ◽  
Ana Clara Tomaz Morais ◽  
Patrícia Maria Bozola ◽  
...  
Keyword(s):  
Quality Management ◽  
Management System ◽  
Production Efficiency ◽  
Quality Management System ◽  
Industrial Sector ◽  
Lessons Learned ◽  
Iso 9001 ◽  
Content Type ◽  
Previous Version ◽  
Industrial Companies

PurposeThis study used a qualitative approach on five case studies in Brazilian industrial companies. The research used interviews, document analysis and on-site visits to collect and analyze data. The companies were selected based on the following criteria: operating in the industrial sector, updating their quality management system (QMS) process to ISO 9001: 2015 and agreeing to participate in this study.Design/methodology/approachThis article aims to investigate the strategies of industrial companies adopted for ISO-9001:2015 certification in light of the six major advances concerning the previous version. Thus, QMS of other organizations can incorporate identified lessons learned, whether certified or not.FindingsThe main finding of the research is the systematization of a set of lessons learned in the experiences of implementing the six significant advances of ISO 9001 concerning the previous version by industrial companies in the State of São Paulo in Brazil. These lessons can and should be used by other organizations to improve their QMSs.Practical implicationsThe practices identified in this empirical research can serve as benchmarking to assist quality managers from other companies in QMS certification based on ISO 9001: 2015 or even those not certified but interested in updating their QMSs. Therefore, lessons learned can significantly minimize efforts to improve your projects, processes, products and services. These findings can also help industrial companies improve their production efficiency and effectiveness through quality improvement.Originality/valueThe main novelty of the research is the consolidation of theoretical and practical analysis of the main changes in the latest version of the ISO 9001 standards. The efforts to fulfill those changes result in lessons learned. The “lessons learned” will form a new block of knowledge that will subsidize theoretical (new research) and practical (formulation of a new ISO 9001 standard and helps quality managers improve their systems).

scholarly journals The specificity of the functioning of the quality cost account within the quality management system of an enterprise

2021 ◽  
Vol 27 (4) ◽  
pp. 283-290
Author(s):  
Patrycja Kokot-Stępień
Keyword(s):  
Quality Management ◽  
Management System ◽  
Quality Management System ◽  
Objective Assessment ◽  
Production Costs ◽  
Cost Calculation ◽  
Quality Cost ◽  
Quality Costs ◽  
The Impact

Abstract Along with the development of quality systems, there was a need to analyze the expenditure incurred to obtain the appropriate quality of products or services and the impact of the actions taken on the results achieved by an entity. Quality costs are an important tool for improving the quality of offered products and efficiency of management, provided that the enterprise maintains a quality cost calculation. It is a system for capturing and analyzing all costs related to quality and taking actions aimed at increasing quality while minimizing production costs. The purpose of quality cost account is not only to identify areas in need of improvement, but most of all to provide information enabling the assessment of the effectiveness of the QMS implemented in the enterprise. The article indicates the essence of quality cost account. It also presents a method of implementing quality cost account in an enterprise which can be the basis for the development of a procedure within the scope of the quality management system. The presented methodology of quality cost account comprehensively indicates the scope of its conduct, responsibility for the activities carried out within it, the method of recording quality costs in the enterprise and indicators the analysis of which allows for an objective assessment of the effectiveness of the implemented quality management system.

scholarly journals The effect of innovation in achieving the competitive advantage  in the industrial companies operating in Hebron governorate: أثر الابتكار في تحقيق الميزة التنافسية في الشركات الصناعية العاملة في محافظة الخليل

2020 ◽  
Vol 4 (5) ◽  
Author(s):  
Adnan A.A. Qubbaja, Nasser ”M.S.”Jaradat
Keyword(s):  
Competitive Advantage ◽  
Analytical Method ◽  
Scientific Research ◽  
Target Population ◽  
Board Members ◽  
Industrial Companies ◽  
Survival And Growth ◽  
The Right ◽  
The Impact ◽  
Purposive Sample

The study aimed at identifying the impact of innovation on achieving the competitive advantage in industrial companies operating in Hebron governorate, the study adopted the descriptive-analytical method for research purposes. The target population consisted of all industrial companies operating in Hebron governorate, Purposive sample of directors, board members, companies directors, heads and directors of departments in industrial companies, ( 80 ) questionnaires were distributed, (70) questionnaires returned for analysis, the study found 82.7% of the variation in competitive advantage is due to innovation in the companies under research, and that the increase of one unit of innovation in the field of the product has led to an increase in competitive advantage by 75.2% of this unit, and that the increase of one unit of innovation in the field of operation has led to An increase in competitive advantage by 83.3% of this unit. The study recommended that companies need to increase attention to the concept of innovation and competitive advantage to promote survival and growth in highly competitive markets, as well as the need to provide the right environment to create innovation and increase the allocation of scientific research by the companies under research.

scholarly journals IDENTIFIKASI KENDALA DALAM PROSES PRODUKSI DAN DAMPAKNYA TERHADAP BIAYA PRODUKSI PADA UD. RISKY

2018 ◽  
Vol 14 (1) ◽  
Author(s):  
Intan Purwatianingsih Sihadi ◽  
Sifrid S. Pangemanan ◽  
Hendrik Gamaliel
Keyword(s):  
Production Process ◽  
Raw Materials ◽  
Production Costs ◽  
Raw Material ◽  
Internal Constraints ◽  
Industrial Companies ◽  
Constraint Theory ◽  
The Impact ◽  
A Company ◽  
Theory Of Constraint

Constraints are activities that prevent companies from carrying out production activities. Along with the increasingly competitive world economy today, industrial companies are required to be more sensitive in anticipating constraints that occur both internally and externally. These constraints must be considered by the company because it can hamper the production process which has an impact on production costs as well as sales volumes which ultimately cause losses to the company. One tool that can identify constraints of a company is the Constraint Theory. This study aims to find out what constraints occur in the production process and the impact of these constraints on production costs. The method used in this study is descriptive. The results of this study are internal constraints are engine damage and external constraints are delays in the delivery of raw materials. The impact of these constraints on production costs is the loss of raw material costs and an increase in factory overhead costs.Keywords: Constraints, Production Cost, Theory of Constraint

The Influence of Human Resources Management Processes (HRMPs) to Achieving Sustainable Competitive Advantage

2019 ◽  
pp. 1433-1451
Author(s):  
Mufleh Amin AL Jarrah ◽  
Louay Karadsheh ◽  
Muawya Naser ◽  
Samer Alhawari
Keyword(s):  
Human Resources ◽  
Competitive Advantage ◽  
Human Resources Management ◽  
Sustainable Competitive Advantage ◽  
Resources Management ◽  
Industrial Companies ◽  
Management Processes ◽  
Research Findings ◽  
The Impact ◽  
Regression Tests

This article is used to examine the impact of HRMP to achieve a sustainable competitive advantage (SCA) in organizations. The hypotheses that HRMPs influences SCA imply that control of distinctive processes of human resources management (HRM) in industrial companies implies distinct factors of SCA. As a result, new questionnaires were developed and disseminated to 50 companies (200 top and middle managers) in Jordan in a survey format. The collected data was subjected to several simple regression tests using an SPSS program. The research findings presented that different processes of HRM, depending on acquisition, recruitment, training, evaluation performance, and promotion. There has been a strong interest in competing to achieve the highest SCA. The implications of the findings were discussed and suggestions were made.

The Influence of Human Resources Management Processes (HRMPs) to Achieving Sustainable Competitive Advantage

2018 ◽  
Vol 9 (1) ◽  
pp. 41-58
Author(s):  
Mufleh Amin AL Jarrah ◽  
Louay Karadsheh ◽  
Muawya Naser ◽  
Samer Alhawari
Keyword(s):  
Human Resources ◽  
Competitive Advantage ◽  
Human Resources Management ◽  
Sustainable Competitive Advantage ◽  
Resources Management ◽  
Industrial Companies ◽  
Management Processes ◽  
Research Findings ◽  
The Impact ◽  
Regression Tests

This article is used to examine the impact of HRMP to achieve a sustainable competitive advantage (SCA) in organizations. The hypotheses that HRMPs influences SCA imply that control of distinctive processes of human resources management (HRM) in industrial companies implies distinct factors of SCA. As a result, new questionnaires were developed and disseminated to 50 companies (200 top and middle managers) in Jordan in a survey format. The collected data was subjected to several simple regression tests using an SPSS program. The research findings presented that different processes of HRM, depending on acquisition, recruitment, training, evaluation performance, and promotion. There has been a strong interest in competing to achieve the highest SCA. The implications of the findings were discussed and suggestions were made.

scholarly journals From internationalization to local markets poverty alleviation and competitiveness in the agro-industrial sector of Latin America

2020 ◽  
Vol 9 (2) ◽  
pp. 181-196
Author(s):  
Tania Elena González Alvarado ◽  
Renata Kubus ◽  
José Sánchez-Gutiérrez
Keyword(s):  
Latin American ◽  
Industrial Sector ◽  
Creative Industries ◽  
Source Analysis ◽  
Secondary Source ◽  
Business Networks ◽  
Industrial Companies ◽  
Intangible Heritage ◽  
The World ◽  
The Impact

The objective of this paper is to analyse the proposal that the production units of the Latin American agribusiness sector evolve from internationalization to their products offers aimed at “the local”, in response to changes in the world scenario. To achieve the objective, a documentary and secondary source analysis were carried out, regarding the impact of COVID19 on the Latin American economy at the world stage. The main result points to the transversality of the creative industries with the agro-industrial sector to encourage creativity within the local business networks that were originally oriented at indirect internationalization. Value enhancement (revaluation) through creativity of orange economy and recognition of peoples' cultural assets, diversity and intangible heritage generates wealth. This transversality contributes to the alleviation of poverty, sustainability and competitiveness of agro-industrial companies.

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