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Strategy Driven Costing and Lean Management essay case study
Strategy Driven Costing and Lean Management essay case study
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Strategy Driven Costing and Lean Management essay case study
Barbco Engineering Co.: Strategy-Driven Costing and Lean Management
Strategy Driven Costing and Lean Management essay case study
Barbco Engineering Co.: Strategy-Driven Costing and
Strategy Driven Costing and Lean Management essay case study
Lean ManagementStrategy Driven Costing and Lean Management essay case study
HISTORY, CHANGE, AND ENSUING LOSSStrategy Driven Costing and Lean Management essay case study
Reading the 2008 financial statements, Barb Lutz’s sons knew their companyStrategy Driven Costing and Lean Management essay case study
was in trouble. Their family-ownedStrategy Driven Costing and Lean Management essay case study
California manufacturing company had just experienced a reported loss ofStrategy Driven Costing and Lean Management essay case study
$350,000—a loss that was approximately
Strategy Driven Costing and Lean Management essay case study
one-third of the company’s equity. The company is small, with $4-6 million inStrategy Driven Costing and Lean Management essay case study
with original equipment manufacturers (OEMs), sales are primarily to custom-designed equipment end-users. Sales
are obtained through bids based on the custom design characteristics ofthe
partsBarbco manufactures.The company is now in its second generation of family management and
adheresto the same strategy initiated by BarbLutz, the company’s founder—making sales by adding value to customers’
equipment. Its foundry-castings businesssegment is largely outsourced for manufacturing and is not the focus of this
case. Barbco’s other activity, and now itslargest business segment, isthe manufacture of uniquely specified steel
bladesthat are bolted to the edges of customers’heavy equipment, such as road grader original-equipment blades or earth-
moving tractor buckets. Barbco’s engineers
work with customers and add their expertise to design the application of
tungsten carbide to these add-on blades (called
“bolt-ons”). Their unique tungsten carbide process hardens the edge and
saves the equipment from abrasion and wear.
The manufacturing process is called “tungsten carbide impregnating,” or
TCing.
Barbco competes based on custom-design engineering, timely delivery, and itsproprietary manufacturing process. It adds
value to customers’ equipment since its relatively inexpensive bolt-ons extend
the life of the much more expensive OEM
equipment. For example, a $3,000 Barbco bolt-on protects a $50,000 tractor
bucket. Generally, it takes two to three timeslonger for a Barbco-TCed blade to wear out compared to competitors’
replacement blades. Thus Barbco’s bladeslengthen
the in-service time of heavy equipment, and Barbco’s currently fast cycle time
helps customers avoid extended downtime
for difficult-to-replace blades.Barbco has a strategic advantage with the process that melts the bolt-on
blades’ edges and impregnates them withtungsten carbide. Its TCing operations are in-house, and it typically processes
units. Single-unit orders are common. Barbco was profitable from the
its competitive advantage in designing custom products. For its TCing
business, it historically paid little attention tocritically evaluating and managing material ssourcing,manufacturing
processes, cost control, and job profitability. It
with fundamental business changes in the
wasn’t until the 2008 financial loss that Barbco’s owners were forced to deal
nature of their business and the importance of operating issues, job
profitability, and information support.
Strategy Driven Costing and Lean Management essay case study
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. 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The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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