Abc Cost Accounting
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: 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 Abbotts
business sense, John Scotts established rpnlttot:~- .. manufacturing industry, and Roland Guidrys
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 line as soon as, and only when, needed by the next step in the production linel •

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Niche Manufacturing Company And Administrative Expertise. (June 9, 2021). Retrieved from https://www.freeessays.education/niche-manufacturing-company-and-administrative-expertise-essay/