1. List and explain the roles of teams in the above case.

2. Identify and explain the four specific areas that Mr. Ahmed identified and how this cost plays essential roles in reducing the expenses for the organization.

3. List and explain the roles of top management related to the above case. Any two. 

Oman Commercial Vehicle Manufacturer Company is one of the largest companies in the Sultanate of Oman. It is the third-largest manufacturer of passenger cars. Extensive quality enhancement and cost reduction task was initiated in September 2018. The outcome of this task helped the company to reach a profit of 28 million while the loss in the year ended March 2017 was 500 million. The company followed the cost cutting system and saved more than 300 million of the company's expenses over the last two years. The positive turnaround of the cost- cutting resulted in huge money gain, which does not even go beyond the projection. The vice president of the company Mr. Ahmed, who is at the manufacturing, was given the title of "Cost-cutting champion", and he oversee the entire initiative. Four Specific Areas Were Identified 

• Direct material costs (which constitute roughly 65 per cent of all costs); 

• Variable conversion costs.

Answer rating: 100% (QA)

1 The roles played by teams which were made are They combinedly analysed all the factors that would help them achieve the cost cutting goal Various fa... View the full answer