Tag Archives: Cost Cutting

Case Study for Effectiveness of Selected Human Resources Management Practices on Organisational Performance and Objectives

Case Study about Effectiveness of Selected Human Resources Management Practices on Organisational Performance and Objectives

Abstract: A considerable body of literature suggests that Human resource management is effective. Nonetheless, the term HRM is ambiguous, the precise ways in which it works uncertain, and hard empirical evidence as to its impact on organisational performance and objectives is short to lacking. The present study investigates executives’ perceptions of HRM, organisational performance, and realization of organisational objectives at the Libyan Iron and Steel Company (LISCO). Results suggest that LISCO executives have positive perceptions of LISCO’s implementation of HRM, of LISCO performance, and of LISCO’s realization of its objectives.

Case Study on  Human Resources Management Practices

Introduction: Human resource management (HRM) in organisations concerns the planned management of employees in order to optimise the organisation’s performance. HRM covers such practices as training and development, health and safety, recruitment, selection, job evaluation, performance appraisal, and human resource planning. This list is far from exhaustive. Nonetheless, HRM practices are held to be an essential component of organisational strategy (e.g., Boxall and Purcell, 2003). In the past, HRM was associated with Draconian styles of management (downsizing, cost-cutting, and work-intensification) (see, e.g., (Boxall and Purcell, 2003). More recently, it has put on a more human face (Boxall and Purcell, 2003), and some authorities, Holman et al. (2003) for example, point to organisations’ need for intelligent, well educated, and highly motivated workforces. Thus HRM, as the term is now used, usually means employers caring for workers, consulting with them, educating them, enabling them to fulfil their potential, and so on. Keep Reading..

Comments

Filed under HR

A Case Study of Value Analysis Technique for Cost Reduction in Production Industry

A Study about Value Analysis Technique for Cost Reduction in Production Industry

Abstract: This paper present the basic fundamental of Value Analysis that can be implemented in any product to optimize it’s value. A case study of a Universal Testing Machine (UTM) is discussed in which the material, design of components is changed according to the value engineering methodology. In the present case study, it is observed that the unnecessary increase in cost is due to the use of expensive material, increase in variety of hardware items and thereby increasing the inventory and so on. Therefore we have selected some components from UTM and we have applied Value Analysis technique for the cost reduction of the some components of UTM.



Case Study on Value Analysis Technique

Introduction: In 1947, L.D. miles, Design Engineer in G.E.C. USA organized the technique of ‘Value Analysis’ while attempting to reduce the manufacturing cost of some products. His attempt was to search for unnecessary manufacturing cost and indicate the ways to reduce it without lowering down the performance of product. However in India, VE is mostly associated to any alternative design with the intension to cost cutting exercise for a project, which is merely one of the initial intension of the VE. This paper outlines the basic frame work of value Engineering and present a case study showing the merits of VE in a universal testing machine.

Click here to read more on Value Analysis Technique


Comments

Filed under Cost Accouting, Operations

A Case Study on Continental Airlines

Continental has changed the way it does business. Using strategic and tactical decision-making analytics, Continental’s EDW helps the airline continually alter its models and analyze ways in which the business might be positively changed. Every day, employees study potential cost cutting and revenue opportunities.



A Case Study on Continental Airlines

Everything is questioned. Business analytics helps management dig into regional numbers, country numbers and individual flights to pinpoint successes and problem areas. Action can be taken immediately, ensuring maximum profitability and smooth operations…
Click here to read more on Continental Airlines



Comments

Filed under Assorted, Aviation Sector, Industry Specific Cases

Managing IT in a Downturn: Beyond Cost-cutting


During a downturn economy, the IT department is often among the first to be hit with senior executives’ cost-cutting initiatives. Yet in some instances, IT investments deliver more value to a company’s top and bottom lines—by creating new efficiencies and increasing revenues—than any savings gained from traditional IT cost-cutting. Discover the other reasons why your IT spending can actually save money in the long run. Read More…

Register to mark your comments

Comments

Filed under Computers and IT

Case Study on Revamping the Supply Chain – The Ashok Leyland Way

Revamping the Supply Chain: AL seemed to realize that cost cutting would work only if the supply chain was smooth. Thus, in 1999, AL launched Project OSCARS (Optimising Supply Chain and Rationalising Sourcing). OSCARS identified two methods to reduce costs in the inbound supply chain: reduce material costs and through optimum inventory levels reduce the invisible inventory carrying costs.

Supply Chain Case Study

The Strategic Sourcing and Corporate Quality Engineering (CQE) teams jointly formed the single window vendor management agency, bringing with them specialised commercial and technical knowledge. Within the centrally negotiated price and share of business, unit material functions interacted with the approved panel of vendors to “pull” materials in line with their production plans.

For the suppliers, this had created a convenient single-point contact with AL, for sharing drawings, for negotiating prices and long-term business volumes, and for assistance and consultancy on quality to management issues. Click here to read more…

Register to mark your Comments

Comments

Filed under Operations, Supply Chain

A Case Study on Pragmatic Steps for Leading Lean

Typical rationales driving operational excellence initiatives include things like cost reduction, improving efficiency and effectiveness, and even propelling growth. You might figure that’s just obvious. Yet the impetus for your initiative can have a telling effect on the outcomes you achieve over the long term. It’s not a bad idea to dig a bit deeper and re-examine the big ideas that are driving you forward.




Pragmatic Steps for Leading Lean

While elimination of waste, cost reductions, and increased capacity are typical and important results of lean initiatives, taking a narrow view of the initiative’s purpose as a cost-cutting mission doesn’t yield the most sustainable results. Click here to read more…



Register to mark your Comments

Comments

Filed under Free Cases

Indian IT firms’ new cost cutting mantra: Hire non-techies

As IT firms automate their commoditized service offerings, they do not necessarily need engineers to perform all tasks. Instead, they are increasingly hiring non-engineering graduates for testing software applications and managing computer infrastructure of their clients in order to do more with fewer staff and at lower wages than computer engineers..click here to know more on this change

Register to mark your comments

Comments Off

Filed under Articles