Reference no: EM133856873

Problem

Your supervisor at White Oak, Inc. has asked you to attend a seminar on reducing costs while promoting sustainability. Seminar topics also include continuous improvement strategies involving activity-based costing, just-in-time inventory, and total quality management (TQM). Your supervisor asks you to write a blog post for the organization's website highlighting the benefits of these continuous improvement strategies. Your supervisor also asks you to describe stakeholder communications strategies and modifications for addressing the needs of the organization's various stakeholders, including customers, the board of directors, and employees.

Directions

Write a blog post that describes how to reduce costs in an organization and includes effective communications strategies that organizations can use for different stakeholders.

Specifically, you must address the following:

I. Explain how activity-based costing gives greater visibility into the cost components of the organization.
II. Describe how just-in-time inventory methods help reduce the overall carrying costs of the organization's inventory.
III. Describe the connection between quality standards and cost reduction in the organization.
IV. Determine how continuous improvement strategies enhance the net income of the organization.
V. Summarize effective communication methods for the organization's various stakeholders. Get the instant assignment help.
VI. Discuss modifications that can be made to communications strategies to meet the needs of the organization's intended stakeholders.