Major Assignment 4 business Logistics

Major Assignment 4 business Logistics - are returned, (2)...

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Assignment #4 1. Activity Based Cost attempts to better understand the cost of a product by identifying what activities drive particular costs. Unlike traditional accounting techniques, activity-based costing attempts to trace an expense category to a particular cost object. With activity-based costing, cost objects consume activities, and activities consume resources. 2. The five steps of activity based costing are: Identify activities Determine cost for each activity Determine cost drivers Collect activity data Calculate product cost 3. The three basic ways to improve productivity are: Reduce the amount of input while holding output constant Increase the amount of output while holding input constant Increase output while at the same time decreasing input 4. 1,000*$5.00=5,000 dollars should be budgeted for that time period 5. Short Interval Scheduling involves scheduling short increments of a workers time so as to maximize output 6. The three critical factors of managing returned goods focus on (1) why products
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Unformatted text preview: are returned, (2) how to optimize reverse logistics, and (3) whether reverse logistics should be managed internally or outsourced to a third party 7. The difference between fragmented and unified logistics structures is fragmented is a multiple department of management and unified is a single department of management. The unified logistic should be better positioned than the fragmented structure to achieve coordination across the various activities. 8. The following three terms as they relate to logistics: Relevancy-refers to satisfying current and emerging customer needs, can be facilitated by developing mutually beneficial relationships with key customers Responsiveness-reflects the degree to which an organization can accommodate unique or unplanned customer requests Flexibility- an organizations ability to address unexpected operational situations, is predicated on avoiding early commitment to an irreversible course of action...
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This note was uploaded on 10/06/2011 for the course ECON 101 taught by Professor Smith during the Spring '11 term at University of Arkansas – Fort Smith.

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