MUHAMMAD FAIZ BIN RAZMAN (AC090701) SITI NOR AISYAH BT AZMI (AC090660) NUR NABILA BT AHMAR (AC091288) NURUL SYAZANA BINTI MESNI (AC090761) NOOR ASYEKIN BINTI MUKHTAR (AC090770) FAHIMAH BINTI MOHAMAD TAHIR (AC090748)
Two (2) benefits to Nukiya Bhd of adopting a target costing approach at such an early stage in the product development process are : Only those features that are value to customer will be included in the product design. Profitability of new product is increased by target costing. Roles of benchmarking within the cost management framework are : Create performance standard derived from an analysis of the best in business and study how it performs the activities. Establish customer expectations of business standard set by the best supplier in industries and performed activities more efficiently. Evaluating strategic performance and making corrective adjustment and ensure improvement are implement.
Benefits using a cost of quality Measures the result of quality improvement activities with align quality goals with organizational goals. Identify major opportunities for cost reductions. The report shows when management efforts should be directed to reduce cost. Reducing customer dissatisfaction by measure performance of production and design that customer will satisfied. Help identify the redundant activities because the report encourage spending at the prevention strategy.