TITLE

Executive Induced Cost

AUTHOR(S)
Chambers, Doug
PUB. DATE
January 1993
SOURCE
Book of Papers, National Technical Conference of AATCC;1993, p287
SOURCE TYPE
Conference Proceeding
DOC. TYPE
Article
ABSTRACT
Be it in building a textile finishing plant, robotizing a process line, or replacing a mercerizer, executive practices squander millions of dollars. Firms without business goals, for example, may fritter away $10 million dollars of manufacturing effort for every $1 million dollars of profit ultimately earned. The competitive advantage is with textile firms that involve manufacturing managers in capital expenditure, staffing and profit-making decisions. Manufacturing is handicapped by focusing on schedules and direct costs before quality procedures and absorbing as much as 70 percent overhead in ill-founded standard cost accounting. After adding executive induced cost, gross margin may be halved from what it could be. Fortunately, managers in textile finishing who understand the reality behind the numbers achieve the greatest gain in cost performance when utilizing resources of people, equipment and money.
ACCESSION #
59415253

 

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics