Page 18 - PowerPoint Presentation

Revision

Other areas

• Be familiar with the following:

• explain the impacts and benefits of JIT production, the

theory of constraints and TQM.

• explain Kaizen costing, continuous improvement and

cost of quality reporting

• explain process re-engineering and the elimination of

non-value adding activities and reduction of activity

costs

• discuss target costing and the determination of target

costs from target prices

• explain value analysis and quality function deployment

• explain the value chain

• explain life cycle costing and its implication for

marketing strategies

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