An Analysis of Panasonic Group in Terms of Activity

Discussion Post 3:

Ouassini, I. (2019). An Analysis of Panasonic Group in Terms of Activity-Based Costing, Just-in-Time Production and Quality and Environment Costing. IUP Journal of Operations Management18(3), 49–65.

The author of the article explains how some methods including the ABC method of accounting can help Panasonic in increasing its profits. He starts the article by describing the history of the Japanese company, Panasonic, which helped to fuel the Japanese economy in the early decades of the twentieth century. He shows the company’s performance throughout the years and also categorizes the high growth businesses of the company. He then goes on to define ABC costing and the benefits that can be gained using them. In Panasonic’s case, multiple forms of ABC were advised, and the limitations of the ABC method were shown. He went on to describe the benefits and limitations of the just-in-time method that the company uses in the different categories of its product line. Similarly, he also goes into the quality and environmental costs of efficient production to comply with the increasing regulations. All four methods should be implemented in Panasonic operations only after scrutinizing the benefits and pitfalls.

Rakotondrajoa, P., Rakotomamonjy, T., Baptiste, R. J., Demers, L., Kileo, P., Anholt, M., Aghajanian, J., & Bassett, K. (2020). Achieving self-sustainability of service delivery in an eye care program in Madagascar using time-driven activity-based costing. BMC Health Services Research20(1), 1–9.

The authors of the article show how the developing city of Sava in Madagascar, which is a developing country and where facilities for ophthalmology are poor and to optimize the resources and manage costs better ABC method was used to do determine cost based on the ophthalmologist’s time spent on the particular activity. So, the ABC was based on the unit cost based on the time and also take into account the number of resources needed to do a particular procedure. Fixed and variable costs from the Kilimanjaro Center for community ophthalmology (KCCO) were analyzed and showed that 97 percent of the overall cost was generated by patients themselves. All costs were divided according to the activity and that helped to determine the revenue based on the cost of an activity. The time-driven ABC method for the ophthalmology activities was compared in terms of different activities as a proportion of total revenue, cost recovery for each part, and determined that while the hospital visits generated profits, the outreach cams did not. So bigger but fewer camps were advised. Though full sustainably was not achieved for such operations, the ABC method of accounting improves self-sufficiency in many aspects of the operations.

Sandu, D. I. (2009). Multidimensional Model for the Master Budget. Journal of Applied Quantitative Methods4(4), 408–421.

The author has put forward that data and information is the most important asset to get business information and towards master budgeting. She delineates the basic components of business performance management (BPM), which includes processes such as budgeting, analysis, forecasting, etc. She goes on to define different types of budgeting and defines the processes in BPM. She portrays how the process is inefficient and how only using a spreadsheet to do all the processes hinders the actual analysis of business data. She thinks that such issues can be solved by using modern software that can handle databases, support multiple users, and easily adapt to changes. She shows how multidimensional models can help in the analysis of multiple dimensions using schemas, and fact and dimensional tables. She also goes on to show examples of problems. In such models, cubes of information are created, including one for the master budget, which accounts for hierarchical attributes and other attributes. So, according to the article, multidimensional cubes solve the problem of master budgeting by handling all related data well to determine budgets irrespective of the software used.

Lowry, R. (2020). Defensive Budgeting or How to Protect Your Piece of the Pie. Armed Forces Comptroller65(2), 20–23.

The author has put forward a concept of defensive budgeting where he describes that resources can dwindle even if a project remains the same. Sometimes, higher authorities restrict funding for a project to pay for other projects and provides the appropriate actions to prevent such actions. The author tells us that it is important to identify the factors that affect the diminishing of funding from adversaries. According to him, there may be certain projects that managers are interested in, thus cutting funding. Sometimes, the benefits of cost reduction and their methods may be overestimated, and travel expenses can also be very expensive. There may be also a movement of resources for a project or no resource at all. He also points out hiring freeze, bringing in private companies for better efficiency and program delays and advises using defensive tactics to ward off such situations.

  1. In the first article, the ABC method is useful to assign overhead cost and indirect costs to a product to ascertain the cost of goods produced. ABC can be adopted in different ways for different products along with other methods if necessary, such as Just-in-time or quality and environmental costs. The second article showed us how a time-based ABC method of accounting can help us determine all costs based on the time taken by each activity and helps us to understand the costs at a more detailed level. The third article gives us the concept and the importance of using dimensional models and cubes in understanding master budgeting by greater analysis of data concerning multiple dimensions like time, region, etc. The granular level of data can also be changed by changing the hierarchical data and slicing and dicing the data. The last article shows us that there, in practice, there may be budget constraints to projects due to various internal reasons in a company and how those pitfalls of lack of resources can be avoided to allocate an appropriate amount of budget to the project.
  2. C.        As a manager, the different approached to applying the ABC method that accounts for indirect costs to the cost of goods should be implemented. This gives an accurate estimate of what the cost price of a unit price should be so that the retail price can be determined. ABC method should be modified according to the business type and that would help in determining the costs of goods produced better. Time is a valuable component that can affect labor costs and machine hours. So, time-driven ABC can be a useful tool to help better divide the final cost price. The manager should also make sure that he uses dimensional models and appropriate software to help in dimensional modeling so that all dimensions can be analyzed in many ways. Moreover, huge amounts of data can be handled by such Information Technology Systems that otherwise are extremely cumbersome to maintain. Business intelligence based on the reports based on such models can help managers make better decisions based on the parameters. Lastly, the manager should always use defensive tactics to make sure that his project gets the desired funding for his projects by warding off peers’ attacking tendencies to funnel resources towards their projects.


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