Modern Management Techniques

Paper Summary:

This paper explains that just-in-time (JIT), total quality management (TQM) and activity-based costing system (ABC) are often directed toward reducing the company's costs as well as maximizing profit, improvement of the operation of the business itself, management competence and good internal and external relations of the organization. The paper then describes the establishment of a just-in-time (JIT) management at Toys-R-Us, total quality management (TQM) at AT&T and activity-based costing system (ABC) at Conoco. The paper also examines the structure and advantages of each program.

Table of Contents:
Toys-R-Us Implementing Just-In-Time Inventory System
AT&T implements Total Quality Management
Conoco Implementing Activity-Based Costing System

From the Paper:

"A total quality system should be designed to promote a reorientation of thinking from an emphasis on inspection to an emphasis on prevention, continuous improvement, and building quality into every process and product. This reorientation should indicate any existing quality problems so that managers can set goals and identify methods for quality improvements. The system should also be capable of measuring quality and providing feedback on quality improvements. Last, the system should encourage teamwork in the quality improvement process."

Sample of Sources Used:

• Lauderback, Holmen and Dominiak. Managerial Accounting, 9th edition. South-Western College Publishing (2000)
• Barfield, Raiborn and Kinney. Cost Accounting, Tradition and Innovations. South-Western (2001)
• Toys-R-Us. (2007). http://www4.toysrus.com/about
• AT&T. (2003-2007) AT&T Knowledge Ventureshttp://www.att.com/gen/landing-pages?pid=3308
• Wikipedia, the free encyclopedia. Conoco. (2007)http://en.wikipedia.org/wiki/Conoco

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