20061105
1 成功大學 EMBA
Slides, the updated progress 20061105, Zara 1, Zara 2
2006/11/5
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AM 1 Notes: (the updated progress 20061105)35 公報(資產減損):just in
time, Toyota, Dell, Zara (考試必考):流動比例(資產(應收帳款):負債
(可轉換公司債))if 1:1 且不倒-->very good. Every items should be
evaluated.博達(長期公司債)
※ Relevant Total Costs = Purchasing Costs + Ordering Costs
+Carrying (持有) Costs + Shortage (缺貨) Costs + Quality Costs
※ EOQ (Economic Order Quality) and JIT (just in time 零存貨)
※ Safety Stock is the trade off (考試必考:取捨,簡答,畫圖)
between shortage cost and carrying cost
※ EOQ is the trade off between carrying cost and order cost
※ Total Quality Cost is the trade off between preventive cost and
failure cost
※ Inventory Planning use Payoff Table
※ Cost (price) management (Early bird, twilight fee for golfer)
2006 Oct. 23 (Financial Times the best 2006 Global EMBA in the world)
U Penn, Columbia NY/London Business School (USA/UK), orthwestern
U (Kelogg)/HK UST (USA/China)
Industrial and Commercial Bank of China (20061027) 19.1 billions
proceds
Lucent Technology (AT&T anti-trust, break into many small firms)
公司債(Bonds payable), ADR, GDR
可轉換公司債 (Convertible Bonds, CB) conversion ratio / price
可交換公司債 (Exchangeable Bonds, EB)
ADR (American Depository Receipts) 美國存托憑證(臺積電,聯電,
日月光)
GDR (Global Depository Receipts) 全球存托憑證
SL Cardinals vs. Detroid Tigers, AL vs. NL, regular season, playoff
season, world series
Inventory Valuation-Achilles'(English,Chinese) Heel
期初存貨+this buy=銷售成本+期末存貨
Cost methods
FIFO (First in First Out)
LIFO (Last in First Out)
Average method
Lower of Cost or Market Method (Replacement Cost)
The Toyota Way:價值觀(4 尊重挑戰,現地現物,團隊,持續改善),策略(5
Lean Production JIT, humman assets, supply chain management,
Nemawashi-going around the roots, Big room innovation), Pull vs. Push,
Lean vs. Mass
Relevant Total Costs = Purchasing Costs + Ordering Costs
+Carrying (持有) Costs + Shortage (缺貨) Costs + Quality Costs
20061105
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2 成功大學 EMBA
Relevant Total Costs = Ordering Costs (C1)+Carrying (C3) Costs
(exercise), D=13000=250*52 (EOQ=root √of 2DC3/C1)(two exponential
curve=smile curve)
Shortage Cost vs. Safety Stock (term of last year) tradeoff
Inventory Planning using Payoff Table (list the expected value to become
payoff table)
EVPI(expected value of perfect information)-LEPU(less expected payoff
nder uncertainty)
業主與專業經理人如何分享 EVA (Economic Value Add (EVA))
中信金插旗兆豐金案檢調今約談 5 名董監事
AM 2 Notes:
 (EOQ and JIT )
 Safety Stock 是 Shortage Cost ＆ Carrying Cost 的 Trade off
 EOQ 是 Carrying Cost ＆Order Cost 的 Trade off
(2)管會補充資料 (PP23-27)
 管會補充資料 (PP23-24) Dell, Ford, ZARA, Me too (Juice Guy learned Jumble Juice),
 Virtually (vertically) Integrated, Ford and ZARA
Factory has two parts (service depts. ENG 100 & MAT 200 and production depts. A 300 & B
500), overhead 製造費用 for all 4 departments, distributing ENG & MAT to A & B (450
& 650), ABC method, Willie Sutton Rule and difference
Page 25: direct method, step method, reciprocal allocation methods
Page 26: ABC vs. Tradition method
Page 27, Activity-based Costing
Test: ABC vs. Tradition method (32) number is important, not only concept, 計算題
管會英文本(Morse)
page 171, scenario: rethinking the revolution in automobile retailing
172, used car firm, large area, many models and colors (options a lot), inventory
control is difficult,
管會參考資料 (PP24-27)
台積電 20050915 supply chain management and C planning
25-31
27-28 C-planning for central firm and supplier (考試必考)
Ben S. Bernanke
Weekend Effect
30, D plan, E plan (ABCDE are all important)
管會英文本(Morse)
page 176, Dell ask the supplier to the factories instead of warehouse. Enhance
the value chain, reduce the cost of customers, Boeing ask 100000 PCs from
Dell with 30 engineers, in order to reduce the cost of Boeing by providing
very good servece (開立冷氣 in NCKUMC, high maintenance fee, when asked to
change, there was a fire…), Dell also serve the Eastman very well by providing
a lost cost Ethernet software from 200 to 20.
20061105
3 成功大學 EMBA
179, Structural cost drivers: goal, location, scale, scope (vertical integration),
technology, complexity; Organization cost drivers: organization of process,
layout efficiency, exploitation of linkage, work force, attitudes toward
total quality
187, Pools, material handling cost, setup cost, both how to distribute to 3 firms.
(placing purchase orders, verifying, unloading/unpacking/inspecting), ABC
189, Job 102,
PM 1 第 2 組報告 決策管理會計(評論: 第 6 組) and discussion
PM 2 new topic:
What would be lost most if the product was not sold? Room of hotel?
Priceline.com Why it is not running well? Blog discussion makes all the
discussion open to the public…
管會管會中文本資料 (PP21)
1.
2.
3.
Cost associated with goods for sale
JIT production:
Reducing Incoming material inventory
Reducing work-in-process inventory (custom response time, reducing cycle
time-manufacturing lead time, including set up, processing, movement, waiting and
inspection time)
Reducing finished goods inventory
HP for Kayak workstation
Cost associated with goods for sale
1. purchasing costs
2. ordering costs
3. carrying costs
4. shortage costs
5. quality costs: preventive costs, appraising costs(鑑定), failure costs(內部失敗, 外部
失敗, such as Sony battery)
管會管會中文本資料 (PP22)
RRR: required rate return
EOQ
EOQ & JIT conflict: set up time and costs are little, lead time=0, line balance is smooth
(no bottleneck), small lot size, no shortage, poor quality, engineering changes, downtime
of machine
管會補充資料 (PP30-33)
P32, Toyota Americanization (localization vs. socialization)
Locus of Control (外控型 vs. 內控型)
 Type A: ask for perfection, peptic ulcer…
 Type B:
 X-theory: 人性本惡
20061105
4 成功大學 EMBA
 Y-theory: 人性本善
 Z-theory: 中庸
1. Individualization and collectivism
2. Power distance
3. Uncertainty avoidance
4. Masculinity and femininity
P33 Inventory management and supply chain efficiency: Kimberly-Clark is the best
1. satisfy main customer
2. lowered costs in the logistical step
3. 4 5
P34 Safeway vs. Wal-mart
Costs associated with good for sale
1. purchasing costs
2. ordering costs
3. carrying costs
4. stock-out costs
5. quality costs
EOQ
公式要背 EOQ= √2DC3/C1
P35, will test
P36~37: payoff table
管會參考資料 (P31)
東洋式攻略
1. 少量多樣，精實生產（Lean Production）
2. 把員工當資產 (Human Assets)
3. 加強供應商向心力 (Supply Chain Management)
4. 根回制度, 提升效率(Nemawashi- going around the roots)
5. 「大部屋模式」(Big Room) 刺激創新
6 Sigma
管會英文本(Morse):
(1) Inventory Management & Supply Chain Efficiency(PP329-330) (補充資料 P33)
(2) Inventory Valuation with Absorption and Variable Costing (PP332-334)
(3) Dysfunctional Effects of Traditional Performance Measures (P345)
Kimberly-Clark is the best (PP329-330)
 satisfy retail customer (Costco, Target..)
 lowered costs in the logistical step
 working as a team, an inventory manager, logistics managers…
 The goal is to keep the inventory as low as possible without risking empty
shelves (Costco now 2 weeks stock)
20061105
5 成功大學 EMBA
Two specific managerial accounting issues involving inventories are the impact of
inventory valuation on financial statements and the JIT approach to inventory
management.
P332, Exhibit 8-1:
P334, Exhibit 8-2:
P336~7, Exhibit 8-3: TA will give examples demonstration…
P341: Empirical study: JIT positive effect on quality and cost, enplyee training,
empowerment and flexible manufacturing environment in 116 plants
P342: 5 elements of cycle time
P343: push and pull
P345: Dysfunctional effects of traditional performance measure
P346: cycle efficiency
P347 EDI, electronic data interchange
Announcement reminders
Character 5: Value Chain Analysis & Activity Based Management
※ Supply Chain Management
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金流計劃 (C Planning)： (中心廠, 供應商 and 銀行)
※ ABC(Activity Based Costing) and ABM(Activity Based Management)
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5.
(a)
(b)
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Peanut-Butter Costing
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傳統的製造費用分攤到各產品,會產生 Peanut-Butter Costing
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ABM Umbrella
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管會補充資料 (PP16-27)
1. ABC & ABM (PP16-22)
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管會英文本(Morse):PP171-172,
1. 管會英文本(Morse) (PP171-172), Rethinking the Revolution in Automobile
Retailing (PP171-172) (Scenarios)
管會補充資料(23-24)
What’s happing? (Virtual Integration) (P176)
Overhead 傳統方法 vs. ABC 管會補充資料 (PP24-27)
管會英文本(Morse) What's Happening (P176)，管會補充資料 (PP23-24)
管會英文本(Morse) P191, P194
What’s happening? Alcoa 公司採用 ABC (P191)
ABC 法可發現 Non-Value-Added Activities (P194)
上課重點:
Character 8: Inventory Valuation Approaches and Just-in-Time Inventory
Management
(零存貨生產與及時存貨管理)