Syllabus A1b. Managing Costs 4 / 6

Indicative syllabus content:
• The impacts of just-in-time (JIT) production, the theory of constraints and total quality management on efficiency, inventory and cost.
• The benefits of JIT production, total quality management and theory of constraints and the implications of these methods for decision making in the contemporary manufacturing environment.
• Kaizen costing, continuous improvement and cost of quality reporting.
• Process re-engineering and the elimination of non-value adding activities and reduction of activity costs
Managing Costs