AFM481 Study Guide - Spring 2018, Comprehensive Midterm Notes - Atomic-Force Microscopy, Variable Cost, Fixed Cost
AFM481
MIDTERM EXAM
STUDY GUIDE
Fall 2018
Stoes ifoatio i a a that allos sales, distiutio, ad podutio aages to
aess the ifoatio the eed.
○
Ma opaies uild thei o opehesie dataased alled ERP syste○
Costs ad othe data ae pat of the aageet iforatio syste MIS•
Shos ho osts auulate ad eoeed he ustoes puhase poduts/seies○
Cost aoutig easues ad epots fiaial ad ofiaial ifoatio elated to the osts
of auiig ad usig esoues.
•
Maages ofte delieatel iu additioal osts i the shot u e.g. adetisig to
ehae eeues ad pofits i the log u
○
Cost aageet iludes the atiities of idetifig, epotig, ad aalzig all osts of
opeatios
•
Goal is to fail peset ho a usiess do duig a speifi peiod that affet the eooi
health of a opa
○
Repoted ased o GAAP
This is alled eooi sustae, hih is the fiaial outoe of all the diffeet tpes
of usiess tasatios that happeed
○
Fiaial aoutig fouses o epotig to eteal paties•
Use past pefoae to pedit the futue
○
The epots should also sho ho atiities a e haged to affet ad ipoe hat ill
happe i the futue
○
Maageet aoutig easues, aalzes, ad epots fiaial ad ofiaial ifoatio
to iteal aages.
•
Aoutig systes: fiaial ad aageet aoutig
Cost leadeship s alue leadeship diffeetiatio○
Ask uestios to deide hih stateg to use e.g. ho ae ou ustoes? Ho to delie
alue to the? What sustitute poduts eist i the aketplae? What ae e opetet
at doig?
○
Strategy speifies ho a ogaizatio athes its o apailities ith the oppotuities i the
aketplae
•
Strategi deisios ad aageet aoutig
Custoes dead oe tha just lo pie, the at othe alues suh as tiel delie •
Value hai ad supply hai aalysis ad key suess fators
The value hai is the seuee of usiess futios i hih ustoe usefuless is added to
poduts o seies.
•
R&D○
Desig
The flo of osts iued i a opoatio a e lassified ito the alue addig atiities of •
Value-hai aalysis
Notes
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chapter 1
Ma , : PM
AFM 481 Page 1
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Desig
○
Podutio○
Maketig○
Distiutio○
Custoe seie○
These osts auulate ad aot e eoeed•
The te supply hai desies the flo of goods, seies, ad ifoatio fo thei iitial
soues to the delie of poduts ad seies to osues, egadless of hethe those
atiities ou i oe o oe ogaizatios.
•
Cost aageet ephasizes itegatig ad oodiatig atiities aoss all opaies i the
suppl hai, as ell as aoss eah usiess futio i a idiidual opa's alue hai, to
edue osts
•
Supply-hai aalysis
Cost ad effiiey - ahiee the taget ost iiizig eessa atiities ad tasks i all
alue hai usiess futios
•
Quality - Total ualit aageet TQM diets attetio toad siultaeousl ipoig all
opeatios thoughout the alue hai to delie poduts ad seies that eeed ustoe
•
Key suess fators KSF
AFM 481 Page 2
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Document Summary
Costs a(cid:374)d othe(cid:396) data a(cid:396)e pa(cid:396)t of the (cid:373)a(cid:374)age(cid:373)e(cid:374)t i(cid:374)for(cid:373)atio(cid:374) syste(cid:373) (cid:894)mis(cid:895) Sto(cid:396)es i(cid:374)fo(cid:396)(cid:373)atio(cid:374) i(cid:374) a (cid:449)a(cid:455) that allo(cid:449)s sales, dist(cid:396)i(cid:271)utio(cid:374), a(cid:374)d p(cid:396)odu(cid:272)tio(cid:374) (cid:373)a(cid:374)age(cid:396)s to a(cid:272)(cid:272)ess the i(cid:374)fo(cid:396)(cid:373)atio(cid:374) the(cid:455) (cid:374)eed. Ma(cid:374)(cid:455) (cid:272)o(cid:373)pa(cid:374)ies (cid:271)uild thei(cid:396) o(cid:449)(cid:374) (cid:272)o(cid:373)p(cid:396)ehe(cid:374)si(cid:448)e data(cid:271)ased (cid:272)alled erp syste(cid:373) Cost a(cid:272)(cid:272)ou(cid:374)ti(cid:374)g (cid:373)easu(cid:396)es a(cid:374)d (cid:396)epo(cid:396)ts fi(cid:374)a(cid:374)(cid:272)ial a(cid:374)d (cid:374)o(cid:374)fi(cid:374)a(cid:374)(cid:272)ial i(cid:374)fo(cid:396)(cid:373)atio(cid:374) (cid:396)elated to the (cid:272)osts of a(cid:272)(cid:395)ui(cid:396)i(cid:374)g a(cid:374)d usi(cid:374)g (cid:396)esou(cid:396)(cid:272)es. Sho(cid:449)s ho(cid:449) (cid:272)osts a(cid:272)(cid:272)u(cid:373)ulate a(cid:374)d (cid:396)e(cid:272)o(cid:448)e(cid:396)ed (cid:449)he(cid:374) (cid:272)usto(cid:373)e(cid:396)s pu(cid:396)(cid:272)hase p(cid:396)odu(cid:272)ts/se(cid:396)(cid:448)i(cid:272)es. Cost (cid:373)a(cid:374)age(cid:373)e(cid:374)t i(cid:374)(cid:272)ludes the a(cid:272)ti(cid:448)ities of ide(cid:374)tif(cid:455)i(cid:374)g, (cid:396)epo(cid:396)ti(cid:374)g, a(cid:374)d a(cid:374)al(cid:455)zi(cid:374)g all (cid:272)osts of ope(cid:396)atio(cid:374)s. Ma(cid:374)age(cid:396)s ofte(cid:374) deli(cid:271)e(cid:396)atel(cid:455) i(cid:374)(cid:272)u(cid:396) additio(cid:374)al (cid:272)osts i(cid:374) the sho(cid:396)t (cid:396)u(cid:374) e. g. ad(cid:448)e(cid:396)tisi(cid:374)g to e(cid:374)ha(cid:374)(cid:272)e (cid:396)e(cid:448)e(cid:374)ues a(cid:374)d p(cid:396)ofits i(cid:374) the lo(cid:374)g (cid:396)u(cid:374) Fi(cid:374)a(cid:374)(cid:272)ial a(cid:272)(cid:272)ou(cid:374)ti(cid:374)g fo(cid:272)uses o(cid:374) (cid:396)epo(cid:396)ti(cid:374)g to e(cid:454)te(cid:396)(cid:374)al pa(cid:396)ties. Goal is to fai(cid:396)l(cid:455) p(cid:396)ese(cid:374)t ho(cid:449) a (cid:271)usi(cid:374)ess do du(cid:396)i(cid:374)g a spe(cid:272)ifi(cid:272) pe(cid:396)iod that affe(cid:272)t the e(cid:272)o(cid:374)o(cid:373)i(cid:272) health of a (cid:272)o(cid:373)pa(cid:374)(cid:455) This is (cid:272)alled e(cid:272)o(cid:374)o(cid:373)i(cid:272) su(cid:271)sta(cid:374)(cid:272)e, (cid:449)hi(cid:272)h is the fi(cid:374)a(cid:374)(cid:272)ial out(cid:272)o(cid:373)e of all the diffe(cid:396)e(cid:374)t t(cid:455)pes of (cid:271)usi(cid:374)ess t(cid:396)a(cid:374)sa(cid:272)tio(cid:374)s that happe(cid:374)ed.