Syllabus A1b
Managing Costs 5 / 9
Indicative syllabus content:
• The impacts of just-in-time (JIT) production, the theory of constraints and total quality management on efficiency, inventory and cost.
• The benefits of JIT production, total quality management and theory of constraints and the implications of these methods for decision making in the contemporary manufacturing environment.
• Kaizen costing, continuous improvement and cost of quality reporting.
• Process re-engineering and the elimination of non-value adding activities and reduction of activity costs
Managing Costs - Introduction
0:46
Just - In - Time
8:56
Quiz on Just-In-Time
Past exam question
0:19
Backflush Accounting
2:44
TQM explained
9:11
Quiz on TQM
Past exam question
1:15
Past exam question
2:30
Kaizen Costing
1:29
CBE on Kaizen Costing
Quality Costs And More
2:31
Business process Re-engineering
2:10
Past exam question
2:42
CBEs on Managing Costs
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A1a. Recap - Analysing Costs
A. Managing the Costs of Creating Value
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A1b. Throughput Accounting
A. Managing the Costs of Creating Value