Abc Cost Accounting

Abc Cost Accounting

: back to the early 1980s, established by three entrepreneurs,

Abbott, Guidry, and Scott. They recognized an opportunity in the water purification equipment industry

and created a niche manufacturing company producing high quality brass valves. With Steve Abbott's

business sense, John Scott's established rpnlttot:~-' .. manufacturing industry, and Roland Guidry's

administrative expertise; the founders 0 )ducts quickly grew their company into the

leading water purification supplier. They cllversified their product line quickly adapting the

manufacturing- skills utilized in brass valve production and began producing brass pumps and flow

controllers. sement saw it imperative to innovate and capture market share in the

manufacturllle; Vl VVa<", p~' , ..__timl components; so they invested in an engineering department tasked

with research and development of new products.

The company assembled the new components in their modern manufacturing facility using the

same equipment and labor for all three product lines. They adopted a just-in-time delivery system,

processing, packaging and shipping products upon completion. Just-in-time (JIT) production, which is

also called lean production, is a "demand-pull' manufacturing system that manufactures each component

in a production