financial accountability.docx - He must establish financial accountability Delivering a quality product is not enough Being seen as the highest priced

financial accountability.docx - He must establish financial...

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He must establish financial accountability Delivering a quality product is not enough. Being seen as the highest priced option around can damage the company's reputation. He should aim to manufacture products that the customers feel comfortable purchasing as they feel it is their value they anticipated. This can be achieved by controlling production cost-effectively and meeting budgeted goals. Effectively managing all resources. To keep costs in line with expectations, he should clearly and correctly identify, allocate and effectively manage all the plant resources ( Schragenheim, 2017, pg. 25; McGraw-HillGrote, 2015, pg. 75) . Over or under allocation of resources can impact negatively on the company's budget, timeline, quality of products as well as the company's reputation. He should be able to conduct resource leveling when and where needed to avoid squandered or over-exhausted resources that can drive up costs or impact financial deliverables. He must develop quality assurance parameters.
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