Cost and Management Accounting

Running head: COST AND MANAGEMENT ACCOUNTING
Cost and Management Accounting
Name of the Student:
Name of the University:
Author’s Note:

1COST AND MANAGEMENT ACCOUNTING
Table of Contents
Answer to Question 1:................................................................................................................3
Answer to question 2:.................................................................................................................5
Sub part 1:..............................................................................................................................5
Sub part 2:..............................................................................................................................6
Sub part 3 and 4:....................................................................................................................6
Answer to question 3:.................................................................................................................7
Sub Part 1:..............................................................................................................................7
Sub Part 2:..............................................................................................................................7
Sub Part 3:..............................................................................................................................7
Sub Part 4:..............................................................................................................................8
Sub Part 5:..............................................................................................................................8
Sub Part 6:..............................................................................................................................8
Sub Part 7:..............................................................................................................................9
Answer to question 4:.................................................................................................................9
Sub Part 1:..............................................................................................................................9
Sub Part 2:..............................................................................................................................9
Sub Part 3:............................................................................................................................10
Answer to question 5:...............................................................................................................10
Sub Part 1:............................................................................................................................10
Sub Part 2:............................................................................................................................10

2COST AND MANAGEMENT ACCOUNTING
References and bibliography:...................................................................................................11

3COST AND MANAGEMENT ACCOUNTING
Answer to Question 1:
Introduction:
Michel Porter introduced the concept of Value chain analysis, which helps in
analysing strategies of a business organization to know the competitive efficiencies of the
company. To achieve the ultimate objective of a business and the goals of their mission and
vision, they need to make efficient their inbound, outbound logistics, process flow and
operations. In this report, Began Cheese of Australia have been selected for a value chain
analysis for better experience and understanding of the topic (Cooper, 2017).
Efficiency in operations:
Began cheese is an Australian company dealing in dairy products. As it can be noticed
from the name of the company, their main product and competencies is in cheese products.
Their huge in-house dairy farm and production process helped them to achieve operational
efficiency and to meet the growing customers’ demand (begacheese.com.au, 2019).
Inbound Logistics:
Inbound logistics includes the procurement of inputs materials and creating good
relationship with the suppliers. Porters Values chain seeks the inbound logistics to be
efficient and strong enough to achieve an operational efficiency. If a good relationship can be
build up with the suppliers and partnerships then it would help the company to procure their
input materials in. Bega Cheese is having various partnerships with various suppliers who are
continuously working with the company to meet their demand of inputs .
Outbound Logistics: