Cost reduction Generally defined as the act of cutting costs to improve profitability. Cost reduction‚ should therefore‚ not be confused with cost saving and cost control. Cost saving could be a temporary affair and may be at the cost of quality. Cost reduction implies the retention of essential characteristics and quality of the product and thus it must be confined to permanent and genuine savings in the costs of manufacture‚ administration‚ distribution and selling‚ brought about by elimination
Premium Supply chain management Costs Cost
Q: Is depreciation expense or depreciation cost is fixed cost or variable cost in nature? Fixed costs: Fixed costs are such costs that do not change with the change in activity level within the relevant range. Where relevant range can be defined in terms of time or activity level. Variable costs: Variable costs are such costs that change with the change in activity level . Coming to the question‚ depreciation expense or depreciation cost can either be fixed or variable and this depends on the
Premium Costs Variable cost Depreciation
The Cost of Turnover Putting a Price on the Learning Curve by Timothy R. Hinkin and J.BruceTracey Employee turnover does more than reduce service quality and damage employee moraleit hits a hotels pocketbook. E mployee turnover has long been a concern of the hospitality industry‚ and therefore of researchers who examine industry human-resources concerns. One stream of research that arose in the past 20 years was an effort to quantify the cost of employee turnover. Although most managers
Premium Hotel Employment Costs
Structure Setting and Adjustment | Definition | A pay structure is a collection of pay rates or pay ranges.Structure setting and adjustment is the process of developing‚ adjusting‚ and maintaining a pay structure. | Purpose | Pay structures are used to help organizations: * maintain pay levels that are competitive with the external labor market‚ * maintain internal pay relationships among jobs‚ * recognize and reward differences in level of responsibility‚ skill‚ and performance‚ and
Premium Structure Public sector Organization
Name: Natthaorn Natthakornsakul Name (in Thai):ณัฐฏ์ฐาอร ณัฎฐากรสกุล Student ID: 5587768620 The Development of Task-Based Activities for Culture-Related English Lessons to Enhance Students’ Communicative Skills การพัฒนากิจกรรมการเรียนรู้สำหรับการสอนบทเรียนวิชาภาษาอังกฤษ ที่มีเนื้อหาเกี่ยวข้องกับวัฒนธรรมโดยใช้วิธีการสอนแบบเน้นงานปฏิบัติเพื่อพัฒนาทักษะการใช้ภาษาอังกฤษเพื่อการสื่อสาร Background of the study
Premium Second language acquisition Language education Teaching English as a foreign language
Office of Inspector General October 16‚ 2006 JERRY D. LANE VICE PRESIDENT‚ CAPITAL METRO AREA SUBJECT: Management Advisory – Delivery and Retail Standard Operating Procedures – Capital Metro Area (Report Number DR-MA-07-001) This report presents the results of our review of the implementation of Delivery and Retail Standard Operating Procedures (SOP) in the Capital Metro Area (Project Number 06XG016DR003). Our overall objective was to assess implementation of Delivery and Retail SOP in the Capital
Premium United States Postal Service Management
Product cost is the cost of direct labor‚ direct materials‚ and manufacturing overhead that are consumed to create a product. Product cost can also be considered the cost of the labor required to deliver a service to a customer. Direct Material Cost Definition: Direct material cost is the cost of materials used to manufacture a product or provide a service. Direct Labor Definition: Direct labor is production or services labor that is assigned to a specific product‚ cost center‚ or work order
Premium Manufacturing Production and manufacturing
Office Systems and Procedures * Managing the trends and challenges of office network systems as a Result of new technology. * To understand the designing and advantages of office system Definitions by Zane K Quible System. Interrelated procedures necessary to achieve a well-defined goal. Procedure. Related method necessary to complete work process. Method. Specific clerical or mechanical operations or activities Question: What is the difference between procedure and method? Question
Premium Flowchart
Front Office Operations DHM 122 The Official Guide Boston Business School 520 North Bridge Road #03-01 Wisma Alsagoff Singapore 188742 www.bostonbiz.edu.sg All rights reserved; no part of this publication may be reproduced‚ stored in a retrieval system‚ or transmitted in any form or by any means‚ electronic‚ mechanical‚ photocopying‚ recording or otherwise without the prior written permission of the Publisher. This guide may not be lent‚ resold‚ hired out or otherwise disposed of by way
Premium Hotel
Generally‚ there are three basic activities of an office automation system: data storage of information‚ data exchange‚ and data management. Office automation refers to computer‚ software and machinery combine to accomplish basic tasks in the work place. Data storage includes office forms and documents. Word processing accommodate textual and spreadsheet applications handling in numbers. Word processing is the most basic and common office automation activity. The input is usually via keyboard to
Premium Spreadsheet