Select a publicly held manufacturing company. For this company, complete a balanced scorecard that includes metrics from each of the following modules:
Pricing Decisions and Customer Profitability: Select a gross margin percentage for your company and a pricing strategy. Justify your strategy.
Support Department Cost Allocation: Provide two departments that require tracking and present the target cost for those departments as a percentage of sales in total. Provide your selected percentage and rationale.
Allocation of Joint Products and Byproducts: Indicate a potential byproduct that is realizable from your company's operations. Express the total cost of the byproduct as a percentage of sales. Justify your selection.
Spoilage, Rework, and Scrap: Indicate the expected percentage level of spoilage and rework for the company as a percentage of sales. Justify your selection.
Quality Analysis: Develop a target of quality acceptance that is justified based on requirement 4. Justify your selection.
Balanced Scorecard: Provide a learning and growth metric of your choice for the scorecard. Justify your selection.
Inventory Management: Presume you will implement JIT. Project the decrease in percentage of inventory investment that will be realized. Justify your selection.
Management Control Systems, Performance Measurement: Include two of the following management performance metrics: return on investment, residual income, and Economic Value Added®. Justify your selection.
Present your scorecard in a supporting table. Include as one of the total slides an executive summary of one slide and your justification of each selection. Include an operational approach that would represent a primary initiative to achieving the expected level of performance.