Explain and discuss the six categories of costs

Assignment Help Operation Management
Reference no: EM131202782

Select a product from a product-based firm and answer these questions regarding your selection:

Explain and discuss the six categories of costs.

Explain and discuss how an organization can benefit from a focus on total cost of ownership.

Explain and discuss relevant costs.

Explain and discuss the following:

Downtime costs
Cycle time costs
Conversion costs
Non-value-added costs
Supply chain costs
Product liability costs
Customer satisfaction costs

Instructions:

Your essay will require an organizational structure that includes the introduction section, conclusion section, and individual sections that address each of questions noted above.

Write a 3- to 4-page paper (page count doesn't include the required title and reference pages).

Your paper must be properly cited and formatted according to the CSU-Global Guide to Writing and APA Requirements.

This is an individual paper and you must adhere to CSU-Global's Re-Using and Re-Purposing One's Own Work guidelines.

You must support your analysis with at least four scholarly references. Sources such as Wikipedia, USA Today, Fox News, or MSNBC news do not qualify as scholarly references.

Reference no: EM131202782

Questions Cloud

Describe the specific type of od intervention strategy : Provide a brief scenario where it may be preferable to utilize an OD consultant. Then, using both the course materials and your experiences, describe the specific type of OD intervention strategy that may be best utilized in the scenario, along w..
How many address bus lines are needed : If we have 256 memory locations, how many address bus lines are needed? How many memory locations can be selected using a 16-bit address bus?
What is your attitude toward living in the global village : What is your attitude toward living in the global village?- how would you feel about packing up and moving there for several years?
What is the minimum sampling frequency : If a piece of music in which the highest frequency is 10 kHz is to be converted to digital form, what is the minimum sampling frequency?
Explain and discuss the six categories of costs : Explain and discuss the six categories of costs. Explain and discuss how an organization can benefit from a focus on total cost of ownership. Explain and discuss relevant costs.
Discuss the upward and downward communication channels : Discuss the upward and downward communication channels you have experienced here at the University.- Identify any problems in organizational communication you have seen.
Classify the nature of leadership development programs : Explain how leaders develop through self-awareness and self-discipline. Explain how leaders develop through education, experience, and mentoring. Explain and classify the nature of leadership development programs.
Develop a list of key objectives that foster innovation : Analyze the most important value points in terms of process, products, and services. Assess the organization's competitive position and possibilities. Analyze the structure, logistics, and facility location of the organization.
How communication different when first meet a stranger : How is your communication different when you first meet a stranger, when you get to know the person and find something in common, and when you get to be good friends?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd