TAILIEUCHUNG - Lecture Operations now: Supply chain profitability and performance (3/e): Chapter 5 - Byron J. Finch

Chapter 5 - Cost: The price of value creation. The main goals of this chapter are to: Describe the relationship between cost and value, understand how costs affect the three profitability measures, describe why costs are important in operations, state the dangers of using average costs, explain why it is important to be able to assign operations costs,. | Chapter 5 Cost: The Price of Value Creation Learning Objectives Describe the relationship between cost and value. Understand how costs affect the three profitability measures. Describe why costs are important in operations. State the dangers of using average costs. Explain why it is important to be able to assign operations costs. Explain the concepts of tracing and allocating costs. Define the components of product cost. Describe how cost reduction relates to productivity improvement. Explain the concepts of standards and variances. Compute usage, price, and total variances. Understand the difference between total cost and cost per unit. Conduct a breakeven analysis. 5- Cost versus Price Cost Tieiness Cost – A scarce resource given up in order to obtain a current or future benefit. Price – Amount of money a seller agrees to accept in return for something, like a product or service. 5- Paying for Value Cost includes all resource outlays over the life of the product or service

• Quản trị kinh doanh
• Operations now
• Operations management
• Supply chain
• Supply chain management
• Assigning operations costs
• Product cost
• Service quality
• Quality management
• Quality tools
• Process performance
• Process perfection
• Project management
• Customer value
• Supply chain management decisions
• Supply chain performance
• Demand forecasting
• Resource planning
• Independent demand inventories
• Finished product inventories
• Positioning goods
• Logistics network configuration
• Matching productive resources
• Market demand
• Constraint management
• Simplifying complex systems
• Making location
• Layout decisions
• Optimizing human capital
• Employee contributions
• Supply chain profitability
• Business environment
• Profit model
• Evaluating profitability
• Economic Value Added
• Consumer customers
• Value transfer model
• Process decisions
• Process choice
• Business to business