Cycle time and cost-employment consiquences

Assignment Help Managerial Accounting

Reference no: EM1349330

As the chief executive officer of a large corporation, you have decided after discussion with production and accounting personnel to implement activity based management concepts. Your goal is to reduce cycle time and, in turn cost. A primary way to accomplish this goal is to install highly automated equipment in your plant, which would then displace approximately 60 percent of your workforce. Your company is the major employer in the area of the country where it is located.

a. Discuss the pros and cons of installing the equipment from the perspective of your
(1) Stockholder, (2) employees, and (3) customers.

b. How would you explain to a worker that his or her job is a non value added activity?

c. What alternatives might you have that could accomplish the goal of reducing cycle time but not create economic havoc for the local area.

Reference no: EM1349330

Questions Cloud

Describe financial ratios : You have been given financial statements and asked to analyze financial performance of your division. Other managers have suggested you use financial ratios in your analysis.

Regression-activity-based costing-cost drivers : Newroute Manufacturing has been using activity-based costing to determine the cost of produt X-678. One of the activities, "Inspection," ocbcurs just before the product is finished.

Determining teenage identity : Why is it difficult now for teenagers to find their identity? Is it because the media and pop-culture have literally diluted all aspects of trying to identify ones-self with anything?

Describe how you think health organizations and health care : Describe how you think health organizations and health care management could be affected by what you reported

Cycle time and cost-employment consiquences : As the chief executive officer of a large corporation, you have decided after discussion with production and accounting personnel to implement activity based management concepts. What alternatives might you have that could accomplish the goal of r..

Homosexuality in the society : Same sex marriage is a controversial topic today. Will there ever be acceptance or will people begin to embrace the idea of same sex marriages?

Assume that upward is the positive direction : An asteroid is discovered heading straight toward Earth at 14 km/s . An international team manages to attach a giant rocket engine to the asteroid. The rocket fires for 10minutes , after which the asteroid is moving at 28degrees to its original pa..

Adolescents to the young adult stages : This aligns with the process of development in which maturity occurs from adolescents to the young adult stages. I am interested to hear your take on this?

Explain how does us government correct for this apparent : Explain how does the U.S. Government correct for this apparent market failure.

User Account

All Pages