StudentShare solutions
Triangle menu

Boardman Management RFP Assesment - Article Example

Not dowloaded yet

Extract of sample
Boardman Management RFP Assesment

At the primary stage of analysis, Boardman Management will need to investigate the possibility of using lower-priced materials. If this is not possible, the organizational structure will be redesigned to take advantage of lower-priced materials. Such an approach will enable the company to remain competitive and, in some cases, beat the prices of its competitors. Additionally, the assessment will be made regarding the possibility of storing the cost data for in-process items on-line within the computerized information system so that cost data would always be up to date. With the implementation of such an approach, the problem of out-of-date standard cost figures should never recur (Burkun, 2006).
The analysis of the budget will be an important step for Boardman Management to evaluate and calculate investment decisions. Budgets are both planning and control mechanisms that, although essential to control (particularly cost control), serve as a balance between planning and control. They refer to future periods of time, and translate company plans into financial resources. They furnish a guide for future expenditures, and by helping to guide actual performance toward budgeted performance, assist in the achievement of objectives. Budgets establish expected relationships among a number of factors in need of control, such as expenses for advertising, product planning, personal selling, and product development. They may be thought of as short-run aspects of planning (Burkun, 2006).
The next step is to analyze the proposed structure of changes and their impact on the organization. The evaluation will uncover an important problem that is not included initially in the investigation. The assistant analysis will take several directions. The company will analyze costs required for implementation and change management, and time schedule. The cost control difficulties caused by restructuring are not hard for the experienced outside auditors to detect. However, developing appropriate recommendations in the form of cost control procedures take a little more time. Such analysis requires the development of different cost information, with cost classifications normally supplied by accounting statements. But generating relevant cost information from accounting statements, though conceptually simple, is actually quite complicated. First, the problem of discerning the costs of different activities is not easy (Burkun, 2006). Second, the allocation of costs among functions and other control units involves subjective judgments. Accountants classify expenditures on a natural basis. Hence, costs may be assigned to advertising, personal selling, transportation, warehousing, and sales promotion. The real purpose of these expenditures, however, is to achieve other objectives, such as sales, market position, image, and reputation.
The next step of responses evaluation is to analyze pros and cons of the proposed software and its benefits for the company. The effectiveness of management and its staff in fulfilling their assigned tasks is evaluated. Within the next subsection, the ability of R&D management to exert the necessary leadership to accomplish stated objectives and oversee R&D projects effectively is examined. In a somewhat similar manner, the upward and downward flows of information between different departments and its staff ...Show more

Summary

Boardman Management will have to analyze the responses and select the best one for the company. The main areas of analysis will be technical structure and organizational framework, time and budget. Also, the company will have to analyze the plans in terms if long-term and short term strategies of the company…
Author : jaida11
Boardman Management RFP Assesment essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the article on your topic
"Boardman Management RFP Assesment"
with a personal 20% discount.
Grab the best paper

Related Essays

Baderman Island Resort Risk Assesment
Changes in these variables can have potentially profound effects on performance. It is a manager's job to develop a good understanding of the causal linkages underlying a strategic situation. In risk assessment, Baderman management should take into account that designing an IT strategy requires human, financial, and energy resources.
3 pages (750 words) Article
Boardman Management Analysis and PRF
It may be to facilitate the distribution of information, to monitor organizational units, or to enable the generation of ideas within a group. From a management perspective, communication technology should primarily serve the intended goals. Once the communication technology implementation decision has been made, the introduction of communication technology has to be viewed as an occasion in the life of an organization that affects the processing of information by knowledge workers.
5 pages (1250 words) Article
Budget Management
The benefits that I envisage upon my inclusion within the budget discussions would be that I will have a first hand understanding of these domains and hence would give a better idea as to how these fiscal issues need to be taken care of. The
1 pages (250 words) Article
Weight management
Almost half of mature person Americans report that they are endeavoring to misplace heaviness . Most people regain their weight after loosing it. The study aims at investigating dietary practices ,
2 pages (500 words) Article
Program management
PMO enables the completion of projects on time, within budget, and meet the specifications using limited resources in the
1 pages (250 words) Article
Emergency Management - Risk Management
ed by rainfall-triggered landslides has caused a lot of hazards especially to the vulnerable residents of unplanned communities in the Third World Countries. Although they acknowledge the contributions of the conventional top-down strategies in the mitigation of landslides,
3 pages (750 words) Article
Strategic Management
The article by Flickinger, M., Wrage, M., Tuschke, A. und R. Bresser: How CEOs protect themselves against dismissal: A social status perspective. Strategic Management Journal 36 published this year
1 pages (250 words) Article
Management
Leading and controlling are concerned with motivating people and measuring their performance. The content provides the reader with a thorough understanding of basic management concepts so anyone who is new
2 pages (500 words) Article
Management
It is significant to note that through the training process, employees are able to learn diverse strategies of performing a given job in the most efficient manner possible. As an
1 pages (250 words) Article
Management
Maslow’s hierarchy of needs can partially explain such impact as after fulfilling basic needs, a person strives to meet such needs as the one for achievement of certain goals or power to manage certain situation
1 pages (250 words) Article
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation