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Business, general

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Controllership training: a competitive weapon

Article Abstract:

After a three years absence, the controllership training program at Monsanto Co is back again. The program offers instruction in financial skills and technical accounting, as well as in areas that affect Monsanto's business outside the controllership arena. The program was reinstated because company employees expressed their desire for on-the-job training and professional growth. The new program is more decentralized and is administered within the guidelines of Monsanto's controllership function. Employees are surveyed for the types of in-house courses desired, as well as their durations. What makes the program unique is that it runs on the voluntary commitment of operating units and staff managers and not on a traditional line authority structure.

Author: Robinson, Michael A., Hughes, Donald T.
Publisher: Institute of Management Accountants
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1989
Analysis, Training, Monsanto Co., MTC, Career development, Management training

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Decentralize and outsource: Dial's approach to MIS improvement

Article Abstract:

Dial Corporation, a wholly owned subsidiary of The Dial Corp, made two significant decisions regarding its management information systems (MIS). These were: to transfer from a centralized IBM mainframe environment to a Digital Equipment Corporation (DEC)-based network of microprocessors and mid-range computers decentralized over its operating locations; and to contract with Andersen Consulting for the outsourcing of its mainframe operations during the transition period. The decision-making process used for these two decisions provides a useful model for managers planning MIS decentralization strategies. It also illustrates the cost-saving benefits of outsourcing during the crucial transition period.

Author: Robinson, Michael A.
Publisher: Institute of Management Accountants
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1991
Prepackaged software, Soap and other detergents, Manufacturing industries, not elsewhere classified, Computer related services, not elsewhere classified, Groceries and related products, not elsewhere classified, Computer programming services, Usage, Financial services industry, Financial services, Contracts, Information management, Consumer goods industry, Dial Corp., Management information systems, Andersen Consulting, Outsourcing

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How vendor analysis supports JIT manufacturing

Article Abstract:

Wholly-owned Emerson Electric subsidiary Copeland Electric Corp uses the just-in-time inventory (JIT) control method. Copeland developed a vendor rating system which can be based on linear averaging, weighted point methods, or both. The procedure provides an objective picture of vendor performance and synchronicity with the JIT method. Test variables include dollar cost, quality costs, terms of sale, meets-specifications, meets-expectations, quality assurance, delivery quality, lead time, administrative accuracy, and support. Tests such as these help ensure the close working relationship between Copeland and vendors that is crucial to the JIT inventory control method.

Author: Robinson, Michael A., Timmerman, John E.
Publisher: Institute of Management Accountants
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1987
Evaluation, Just in time inventory systems, Just in time systems, Logistics, Vendors and purchasers (Law), Copeland Electric Corp.

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Subjects list: Accounting and auditing
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