Briefly describe the company, its products, and its history. Provide a link to the video that you assessed so the reader can follow up if interested.
The company I chose is The Boeing Company. Boeing is the world’s largest manufacturer of commercial and military aircrafts, electronic and defense systems, satellites and weapons. In July 1916, William Boeing founded The Pacific Aero Products Co. in Seattle, Washington. On March, 1917, this company became The Boeing Airplane Company. Boeing is organized in to two business units Boeing Commercial Airplanes and Boeing Defense, Space & Security (BDS). For more than 40 years, Boeing has been manufacturing the commercial airlines which accounts for approximately 48 percent of world’s service jetliners. BDS provides industry solutions for the design, production, modification and
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See if you can find any information in an SEC 10-K report, and making assumptions is fine, just explicitly state your assumptions
The cost management systems that involve ABC simplifies the whole production process by identifying core products and processes, providing material management strategies and analyzing between value added and non-value added services.
Boeing’s 2014 SEC 10-K report can be found here: https://www.sec.gov/Archives/edgar/data/12927/000001292715000011/a201412dec3110k.htm
Table of contents 7.2 shows that the commercial aircraft business is extremely complex, involving extensive coordination from thousands of employees with performance and reliability standards. In addition, there is a need to seek opportunities to reduce the costs of building aircraft including identifying and implementing productivity improvements. For these reasons, Boeing might benefit from ABC system in different aspects like addressing the complexity and diversity of the manufacturing process and focusing on long term