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Controlling Performance (quality control (performance, feature,…
Controlling Performance
financial control
the basic numbers
balance sheet
income statement
interpreting the numbers
liquidity
activity
profitability
verifying the numbers
internal audit
external audit
budgetary control
types of budget
expense
revenue
cash
capital
budgetary approach
top down
bottom up
advantage
facilitate coordination
disadvantage
can be used mechanically
quality control
performance
feature
reliability
conformance
durability
serviceability
aesthetics
perceived quality
inventory control
types of inventory
raw materials
work in progress
finished goods
importance of inventory
deal with uncertainty
cost of inventory
control methods
EOQ
JIT
importance of inventory control
managerial lvl
top
finance
middle and lower lvl
budgetary control
timing
finance
feedback
budget and quality
concurrent
inventory
feedforward