Proposal of Performance Assessment by Integration of Two Management Tools

Kádárová, Jaroslava; Mihok, Jozef; Turisová, Renáta

doi:10.12776/qip.v17i1.143

Cited by 9 publications

(2 citation statements)

References 7 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…These issues are also involved in these authors Antlová (2009); Castellacci et al (2005); Kádárová et al (2013); Popesko (2008Popesko ( , 2009b; Siničáková (2013); Spišáková (2010).…”

Section: Introductionmentioning

confidence: 97%

Implementation of the Abc Model in a Company Dealing With Extraction of Raw Materials

Bajus

Stašová

2014

Business, Management and Education

View full text Add to dashboard Cite

ABC method is a new system for accurate product pricing, cost analysis of the causes of individual products and their optimization. The prices of products are accurately taken into account according to all relevant overhead costs in their actual context and relationships. Except of product costs, ABC method follows costs regarding customers, suppliers, distribution, transport, manufacturing, operational and security processes, management processes and other business activities. ABC method sees the company as a complex of interrelated activities and processes. ABC method represents more precise cost calculation for the product. The aim of the present article is to highlight the introduction of the ABC method to the enterprise and compare it with the traditional method. The result is to reduce costs by introducing ABC method to the enterprise.

show abstract

Section: Introductionmentioning

confidence: 97%

Implementation of the Abc Model in a Company Dealing With Extraction of Raw Materials

Bajus

Stašová

2014

Business, Management and Education

View full text Add to dashboard Cite

show abstract

“…Performance measurement is a fundamental principle of management and it consists of quality indicators. (Kádárová et al, 2013) System of quality management is one of key indicators of business in industry in Slovakia. In this paper we analyze the economic-statistical quality indicators using a breakdown of the costs of quality according to the PAF model.…”

Section: Introductionmentioning

confidence: 99%

Economic Indicators of Quality and Their Influence on Cost Effectiveness

Teplická¹,

Pavlickova²

2014

Proceedings of the Scientific Conference Quality and Leading Innovation´2014

View full text Add to dashboard Cite

Purpose: Economic optimum of quality is to find a balance beetween quality and costs of quality, therefore it is very important to monitor quality costs and economical indicators for valuation of cost effectiveness. All economic indicators can provide information to the company in terms of quality costs trend. All indicators are important for to improve TQM performance and for continual improvement of quality. The relative importance of economic indicators brings knowledges for managers to value cost effectiveness. Methodology/Approach:In this paper we use economical and statistical indicators for quality costs. We use in this paper model PAF, that it include prevention costs, evaluation costs, internal errors costs, external errors costs. We used these statistical indicators: Total costs, Individual simple cost index, cost ratio and cost structure.Findings: All these economic indicators can provide information to the company in terms of quality costs trend and their constant monitoring and management. Quality costs in relation to the profit participate with low percentage ie. the costs relative to quality significantly affect the generation of profits as their share of unit sales is too low, which is the most positive indicator of profit. While an index of costs in the monitored period decreases, which is in terms of this indicator positive phenomenon and it is not necessary to optimize the costs of the quality in relation to the reported sales.Originality/Value of paper: Cost effectiveness helps to improve TQM performance. TQM is a major business strategy for the company. Cost of quality influence to profit in the industrial company and profit is very important indicator for next business activities.

show abstract