Jit ppt on manufacturing business

20 - 1 ©2003 Prentice Hall Business Publishing, Cost Accounting 11/e, Horngren/Datar/Foster Inventory Management, Just-in-Time, and Backflush Costing Chapter.

the same organization or other organizations. “bullwhip effect” or “whiplash effect” 20 - 34 ©2003 Prentice Hall Business Publishing, Cost Accounting 11/e, Horngren/Datar/Foster Learning Objective 5 Differentiate materials requirements planning (MRP) systems from just-in-time (JIT) systems for manufacturing. 20 - 35 ©2003 Prentice Hall Business Publishing, Cost Accounting 11/e, Horngren/Datar/Foster Materials Requirement Planning (MRP) Materials requirements planning (MRP/


JIT 1 JIT -Just in time Often called lean production or Toyota Production System (TPS) JIT is a philosophy whereby we continuously attempt to drive all.

done –This support must be long term - JIT does not occur overnight !!! JIT 29 Some key points Is JIT just for manufacturing? IS JIT for everyone ? Are most of the elements of JIT for everyone? Are the Japanese really the only ones who can do this? –A sidebar on business history JIT 30 JIT wrap-up JIT is an all encompassing philosophy that includes manufacturing, purchasing, logistics and operational employees. The/


Just-in-Time (JIT) and Lean Systems Chapter 7. Management 326 Operations and Operations Strategy Designing an Operations System Managing an Operations.

input into decisions 3 Key Principles of JIT and Lean Systems Just-in-time processes Total quality management Respect for people Blockbusters Project Store Lean Systems Project Business objectives Give customers a better experience & /time Shorter setup times Parallel processing Clean, well-organized workplace See pages 244-245 for details Elements of JIT Manufacturing Inventory reduction exposes problems Kanbans & pull production systems Small lots & quick setups Uniform plant loading Flexible resources/


BRIGHT NSIAH FORDJOUR INNOVATION IN BUSINESS CREATION AND MANAGEMENT.

some companies The Theory of Constrains (COT)Just-In-Time (JIT)Total Quality Management (TQM) Process reengineeringTheory of Constrains (COT) Types of Quality Improvement Programs  Just in time (JIT) manufacturing system Just in time (JIT) manufacturing system  KANBAN KANBAN  Total quality management (TQM) system Total quality management (TQM) system  Six sigma Six sigma  Business process reengineering (BPR) Business process reengineering (BPR)  Theory of constraints (TOC) Theory of/


Business Process Replenishment Business Processes Fundamentals, with Focus on Forecast- Based Replenishment.

inventory levels And more … 79 © 2002 Computing Technology Industry Association, All rights reserved Business Process What do we mean by Just-In-Time? An inventory management methodology where goods are delivered just before they are needed for manufacturing, eliminating the necessity to store inventory at the manufacturing location. inventory A JIT strategy should involve all relevant parts of the supply chain; if the supplier/


Productivity JIT Stock Control Use of Technology in Production

revenue Loss of profit Customer goes to a competitor Customer tells their friends and family Bad image for the business JIT (Just-in-time) Production requires accurate and efficient stock control systems. Firms must know exactly when they need/ of the production process. This is called: Quality inspection Quality assurance Quality control Quality checking Quality The car manufacturer changes their production process so that every worker is responsible for ensuring quality standards are met. This is called/


Lean Management AS Economics and Business Unit 2b

production of each item JIT and suppliers To make JIT work the large manufacturer needs to haver excellent working relationships with their smaller parts suppliers. JIT does not work when there are delivery or quality issues No buffer stocks are held in a JIT system so if delivery does not arrive the product cannot be made JIT and employees Employees of the business may need training to/


Global Operations and Supply Chain Management McGraw-Hill/Irwin International Business, 11/e Copyright © 2008 The McGraw-Hill Companies, Inc. All rights.

to improve competitiveness –Just-in-time supply chains (JIT) –Highly synchronized manufacturing systems –Mass customization –Six Sigma 19-19 Japan’s Use of JIT Requirements to operate without inventory –Components defect-free / Production Techniques Synchronous ManufacturingManufacturing system with unbalanced operations that emphasizes total system performance Mass Customization –Flexible manufacturing system to produce customized products and services Six Sigma –Business management process for reducing/


The philosophy of JIT can be traced back to Henry Ford, but formalized JIT originated in Japan as the Toyota Production System. W. Edwards Deming’s lesson.

a product layout (line) to eliminate setups entirely. If volume is insufficient to keep a line of similar products busy, group technology can be used to design small production lines that manufacture, in volume, families of components with common attributes Preventive Maintenance Because JIT emphasizes low inventory between workstations, unplanned machine downtime can be disruptive. Preventive maintenance can reduce the frequency and duration/


1 Operations Management Higher Business Management 2008 - 2009.

produced unless there are customers ready to buy 53 Just-in-Time (JIT) - Example Just-in-Time was first developed in Japan by Toyota, the car manufacturer. In order to reduce the costs involved in holding stocks of materials/  A process of Quality Assurance  Compare your performance with the market leaders (efficient producers)  Customers  Industrialists  Business Analysts  Journalists  Could be resistance to obtaining information  May continue to benchmark when you become the market leader 81 /


1 u Supplier management issues u Supplier Development Outreach Program: Video: The case for Toyota u JIT Just-in Time Management Supplier Partnerships.

of current manufacturing facilities/capabilities u Assessment of future manufacturing capabilities u Suppliers design capabilities u Suppliers speed in development 4 Supplier Partnerships: Other Factors u Safety record of the supplier u Business references u / Vendor delinquencies Scrap Design backlogs Machine downtime Decision backlogs Inspection backlogs Paperwork backlog 21 Minimizing Waste: JIT Production Produce what is needed when it’s needed NOTHING MORE! 22 Minimizing Waste: Uniform Plant/


CAD CAM CADMAT A2 Graphics. CADMAT We will look at … We will look at … CADMAT CADMAT –Computer aided design, manufacture and Testing PDM PDM –Project.

involved could include: The departments / sections that are involved could include: –Business strategy –Manufacturing strategy –Manufacturing planning and control –Ordering department –Suppliers –Manufacturing cells –Assembly –Distribution department –Customers –Design department –Sales and marketing / Self regulating machines are used. No need for humans. Computers can run machines centrally. JIT and Workplace Organisation Operational set up times are reduced. This increases flexibility and capacity to /


CHAPTER 9 JUST IN TIME OPERATIONS MANAGEMENT. 2 JUST IN TIME DEFINED n Just-in-Time Manufacturing is an organization-wide quest to produce output within.

7 가지의 Waste 의 형태 – Waste as a Symptom of Problem : 예 ) Inventory as Waste : 비용발생, 문제파악 불가능 3 BENEFIT OF JIT MANUFACTURING n Inventory Reduction n Quality Control Improvement n Lead Time Reduction : setup & move n Flexible work force n Vendor Control/Performance Improvement : / cost reduction programs – Long-term contracts, Narrow supplier bases, stable production plans 16 LIMITATION OF JIT n No one business strategy is appropriate for all competitive situations. n Just-in-Time will have limited success if: /


Lesson 2: Manufacturing. *What is JIT? Just-in-time (JIT) is an inventory strategy that strives to improve a businesss return on investment by reducing.

system or process used to eliminate waste of inventory at both the entry point and the exit point of manufacturing is referred to as: A. JIT B. CE C. CIM D. RP *What should you do when a problem arises on an assembly line/example of: A. Customized production B. Batch production C. JIT production D. Continuous production *What is marketing? Marketing is the action or business of promoting and selling products or services. A director in a manufacturing company asks his team to name a new product the company/


Lean Management (Just in Time) Business Studies. Lesson Objectives To be able to discuss Just in Time (JIT) management of stock To be able to identify.

production of each item JIT and suppliers To make JIT work the large manufacturer needs to haver excellent working relationships with their smaller parts suppliers. JIT does not work when there are delivery or quality issues No buffer stocks are held in a JIT system so if delivery does not arrive the product cannot be made JIT and employees Employees of the business may need training to/


Kenneth J. Andrews EMP-5179-1-1 Manufacturing Systems: EMP-5179 Dr. Ken Andrews High Impact Facilitation Fall 2010.

purpose of the process.)  Asking how the process currently performs and how it could perform better.  Asking what people and business processes are needed to support the value creating processes.  Aligning purpose, process, and people in search of the perfect process./40 50 60 70 80 90 100 30 10 20 % Capacity Utilization 60 Production Lead Times (days) 40 50 Traditional Manufacturing JIT Manufacturing Kenneth J. Andrews EMP-5179-1-24 Time-Based Competition  It is no longer good enough for firms to be /


Just-In-Time Manufacturing. JOIN KHALID AZIZ  FRESH CLASSES  ICMAP STAGE 3  COST ACCOUNTING PERFORMANCE APPRAISAL  18 TH FEBRUARY 2010  INDIVIDUAL.

Techniques (cont’d)  Reduced Setup Times  Shop-Floor Layout and Production Cells  Total Quality Assurance  Preventive Maintenance Brainstorming Exercise:  How can Just-In-Time Manufacturing be Effective in your Business? A Competitive Edge  Integrating and Optimizing  Improve Continuously  Understanding the Customer The Major Misconceptions of JITJIT is Only an Inventory Control System  It is a Method to “Push” Inventory Back to the Supplier/


The philosophy of JIT can be traced back to Henry Ford, but formalized JIT originated in Japan as the Toyota Production System. W. Edwards Deming’s lesson.

a product layout (line) to eliminate setups entirely. If volume is insufficient to keep a line of similar products busy, group technology can be used to design small production lines that manufacture, in volume, families of components with common attributes Preventive Maintenance Because JIT emphasizes low inventory between workstations, unplanned machine downtime can be disruptive. Preventive maintenance can reduce the frequency and duration/


Insurance Community Center A Center For Learning…A Community For Sharing www.InsuranceCommunityCenter.com 1 Insight on How to Insure a Manufacturing Risk.

for long durations. 19 Insurance Community Center A Center For Learning…A Community For Sharing www.InsuranceCommunityCenter.com Modern Manufacturing  The indirect loss exposures such as loss of business income and extra expense will be the major focus.  Since the purpose of the “JIT” reduce stockpiling of parts and finished product it is implicitly time sensitive and highly dependent on outsourced timetables.  Also/


Integria Logistics Oy Ltd New business concept for manufacturing networks Timo Koivumäki Vehicle component supplier network development project closing.

in Russia Member of Odette / NAF since April 2012 Vision and business idea Opening a new market for Nordic component manufacturing industry and leaving a lasting footprint in Finnish automotive industry Mission Integria /Financing -Quality assurance Localization -Efficient sales -Trading agency -Value added service -JIT operations -Sequencing Localization -Efficient sales -Trading agency -Value added service -JIT operations -Sequencing Logistics -Kitting -Sequencing -Safety stock -Forwarding -Customs -/


Marketed by Tata McGraw-Hill

aim is to receive supplies and manufacture components Just in time for next operation.In JIT , the ideal inventory is one. Just in time First sell it , then make it : JIT reverses the conventional approach of first/ Policy deployment Customer focus Participative Mgt. Culture TQM review & rewards Executive Leadership Customer Satisfaction Process Quality Business Results Organisational structure Customer requirement Standard methods/procedures Quality data Tools & techniques Quality System Self check forTQM/


© 2008 Prentice Hall Business Publishing Accounting Information Systems, 11/e Romney/Steinbart C The Expenditure Cycle: Purchasing to Cash Disbursements.

, this function usually reports to the VP of Manufacturing. © 2008 Prentice Hall Business Publishing Accounting Information Systems, 11/e Romney/Steinbart ORDERING GOODS, SUPPLIES, AND SERVICES A crucial decision is the selection of supplier. Key considerations are: Price Quality Dependability Especially important in JIT systems because late or defective deliveries can bring the whole system to a halt. Consequently, certification that suppliers meet/


Manufacturing with Kanban Supply into Production (233)

Planning (Plant) Classic Kanban: External Procurement with scheduling agreements Classic Kanban with JIT calls, calculation and alerting Classic Kanban: In-house production (repetitive manufacturing) with quantity signal and trigger point Classic Kanban: Stock transfer from warehouse with/to documents involved in the process flow. Connects two tasks in a scenario process or a non-step event Business Activity / Event: Identifies an action that either leads into or out of the scenario, or an outside/


Manufacturing with Kanban Supply into Production (233)

Planning (Plant) Classic Kanban: External Procurement with scheduling agreements Classic Kanban with JIT calls, calculation and alerting Classic Kanban: In-house production (repetitive manufacturing) with quantity signal and trigger point Classic Kanban: Stock transfer from warehouse with/to documents involved in the process flow. Connects two tasks in a scenario process or a non-step event Business Activity / Event: Identifies an action that either leads into or out of the scenario, or an outside/


Just-In-Time Manufacturing David Comita Arielle Herold Jaslyn Moore Shanelle Williamson.

Introduction Just-In-Time or JIT Manufacturing is a management philosophy that improves businesses by decreasing inventory and the costs associated with it. JIT focuses on constant improvement of manufacturing’s organizations return on investment, quality and efficiency. Outline O History O Philosophy O JITs approach to Manufacturing O Strengths O Weaknesses O Real Life Examples History O JIT was first developed within Toyota manufacturing plants by Taiichi Ohno/


IB Business and Management 5.7 Production Planning.

Lack of purchasing economies Admin costs of ordering high Reliance on sophisticated technology Conditions needed for JIT to be successful Excellent relationships with suppliers Suppliers to be located nearby Commitment from management and /their core operations Reduce costs If the business lacks expertise If the business is working at full capacity Off Shoring Relocating business functions and processes overseas. This can be: Production offshoring (e.g. manufacturing) Service offshoring (e.g. call /


1 Material Requirements Planning or as we in the business like to call it - MRP Computer Based Production Planning and Inventory Control System Scientific.

Requirements Planning (MRP) –along with Manufacturing Resources Planning (MRP-II) –capacity requirements planning (CRP), –and Enterprise Resource Planning (ERP) Just-in-Time (JIT) Manufacturing 4 Basic Definitions MRP (Materials Requirements Planning/ERP Enterprise systems are commercial software packages that enable the integration of transactions-oriented data and business processes throughout an organization (and perhaps eventually throughout the entire inter- organizational supply chain). Enterprise/


Copyright © 2000-2004 Six Sigma Academy International LLC All Rights Reserved Introduction To Just In Time (JIT)

do we gain -Predictable Flow -Predictable WIP -Predictable Lead Time -Visual controls -Process intolerant of variation Pull Manufacturing Solution 1 2 3 4 FG Pull Copyright © 2000-2004 Six Sigma Academy International LLC All Rights Reserved Introduction/ the opportunity to redeploy workers for business growth Copyright © 2000-2004 Six Sigma Academy International LLC All Rights Reserved Introduction To Just In Time Pg 28 Critical Success Factors For JIT 1.Management leadership 2.Management-Labor cooperation/


Unit 8 Financial Information Systems; Manufacturing Information Systems; Marketing Information Systems; & Human Resources Information Systems MANAGEMENT.

Budgeting n Financial modeling is one of the oldest uses of mathematical simulations in business D-30 Appendix C Manufacturing Information Systems MANAGEMENT INFORMATION SYSTEMS 8/E Raymond McLeod, Jr. and George Schell Copyright 2001 Prentice-Hall, Inc./ C-31 Manufacturing Information System n Used to support efforts to produce products n Evolution of computer use in manufacturing –Systems keyed on reorder points –MRP –JIT n Consists of three input and four output subsystems /


What is OM? Quantitative Tools: –probability –queueing models –optimization Operations Management: –inventory management –shop floor control (MRP, JIT)

American size spurred large scale railroad development and ultimately mass marketing and mass production. –Japanese concentration facilitated JIT. Lessons of America/Japan Analogies –Underdogs are hungry. –Both American and Japan exploited their cultural//of Lions: How Manufacturing Leadership Evolved, 1780-1984,” in K.B. Clark, R.H. Hayes, C. Lorenz (eds.), The Uneasy Alliance, Boston: Harvard Business School Press, 1985. Evolution of Management 1780-1850: Manufacturing Leaders as Technological Capitalists/


chapter Global Production, Outsourcing, and Logistics McGraw-Hill/Irwin Global Business Today, 5e © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved.

an international business by factors such as distance, time, exchange rates, and customs barriers Efficient logistics can have a major impact upon a firms bottom line 14 - 39 Chapter 14: Global Production, Outsourcing, and Logistics The Power of Just-in-Time (JIT) The basic philosophy behind JIT systems is to economize on inventory holding costs by having materials arrive at a manufacturing plant just/


1st Session: Chapter 1: Manufacturing in America, Class Introduction Chapter 0: Factory Physics? Paula Jensen SD School of Mines and Technology TM 663.

mass production. By WWII: America had more large scale business enterprises than the rest of the world combined. Paula Jensen SD School of Mines and Technology Role of /Tools: – Probability, queueing models, optimization Operations Management: – inventory management – shop floor control (MRP, JIT) – scheduling, aggregate planning – capacity management Manufacturing Principles: – characterize fundamental logistical behavior – facilitate better management by working with, instead of against, natural/


JUST IN TIME Operational Systems for ManufacturingJIT and Lean Production.

too early, not to late... not too early, not to late... JIT is the result businesses want, not a starting point JIT is the result businesses want, not a starting point What happens with JIT… Eliminate non-value added activities  less time spent and less money/ time reduced by 78% l Labor cost as % of sales reduced 41% The Name Game… JIT Short Cycle Mfg. Toyota Production System Synchronous Mfg. Lean Manufacturing Lean Production Common Sense Mfg. The Vision of “Lean” in the USA Perhaps best stated by /


PRODUCTIVE OPERATIONS SYSTEMS, E FFICIENCY & P RODUCTIVITY & JIT Prepared by Prof. Dr. Şevkinaz Gümüşoğlu using different references about POM.

SYSTEMS PRODUCTIVITY MEASUREMENT Productivity is a common measure of how well a country, industry, or business unit is using its resources ( or factor of production). Productivity is defined as OUTPUTS //JIT is still evolving JIT isn’t for everyone A W ORLD C LASS C OMPANY … is a company that has achieved high standards and has undergone fundamental changes from traditional forms of organization and management continuously pursues improvement in all aspects of its operations, including its manufacturing/


MANGT 660 (A): Supply Chain Planning and Control Chapter 12 Manufacturing Focused Supply Chain Integration (1/2)

, and demand for products in the market – Faster “clock speed” accelerates. The pace of the changes in the business environment (E.g., product clock speed, process clock speed, organization clock speed, etc.) 4 SCI (cont’d)/JIT Production (cont’d) The 5 practices of JIT (cont’d) 3)Cellular manufacturing Traditional process-focused layout: Jumbled flows, long cycles, difficult to schedule 13 3. JIT Production (cont’d) The 5 practices of JIT (cont’d) 3)Cellular manufacturing (cont’d) JIT cellular manufacturing/


Lean Systems and JIT.

deliveries Supplier infrastructural improvements emphasis on win-win relationship Customer structural improvements design for manufacturability and procurement establish EDI systems to remove demand uncertainty reduce inventories of purchased materials /accept payment at regular intervals rather than upon delivery Potential Supplier Concerns with JIT Purchasing Desire for diversification -- concerned about all business stemming from single customer. Poor customer scheduling -- concerned that customer will /


PRODUCTIVE OPERATIONS SYSTEMS, E FFICIENCY & P RODUCTIVITY & JIT Prepared by Prof. Dr. Şevkinaz Gümüşoğlu using different references about POM.

FOR BUYERS. PRODUCTIVITY MEASUREMENT Productivity is a common measure of how well a country, industry, or business unit is using its resources ( or factor of production). Productivity is defined as OUTPUTS / /JIT is still evolving JIT isn’t for everyone A W ORLD C LASS C OMPANY … is a company that has achieved high standards and has undergone fundamental changes from traditional forms of organization and management continuously pursues improvement in all aspects of its operations, including its manufacturing/


MEANING OF SUPPLY CHAIN Supply chain is an overall system which covers the flow of material and information from a business to it customer. In a manufacturing.

customers”. Supply chain is an overall system which covers the flow of material and information from a business to it customer. In a manufacturing organization, raw materials enters into the system through a SUPPLY SYSTEM and then the goods are /Sub optimization leads to trade-offs between different components of the chain or between different functional areas. E.g, JIT maintains less inventory whereas operations need heavy inventory. Another major issue is globalization of SC that leads to partnering /


Lecture 28 Just-in-Time Manufacturing (Continued) Books Introduction to Materials Management, Sixth Edition, J. R. Tony Arnold, P.E., CFPIM, CIRM, Fleming.

Lecture 28 Just-in-Time Manufacturing (Continued) Books Introduction to Materials Management, Sixth Edition, J. R. Tony Arnold, P.E., CFPIM, CIRM,/Texas Lutheran University, Barry Render, Graduate School of Business, Rollins College, Prentice Hall Objectives JIT layout Distance reduction Increased flexibility Inventory Reduced variability Reduced setup cost JIT scheduling Kanban JIT quality tactics Lean Operations JIT Layout Reduce waste due to movement JIT Layout Tactics Build work cells for families of /


LEAN MANUFACTURING. Introduction Modern business model impact on business Business growth – New technologies - Cross border markets Increasing business.

and Approach Objective – Examine and explore how lean manufacturing instruments can be tailored from discreet to continuous manufacturing setting and assess their impact on business interest Hypothesis – There are immense prospects and opportunities for /and Techniques Main instruments include: a.Continuous improvement b.Cellular manufacturing c.Waste recognition and elimination d.Production smoothing e.Standardization f.Just-In-Time (JIT) production Continuous improvement In Japan – Kaizen or quest /


Gunn’s Model for World Class Manufacturing Presented by: Group 2 Name Roll No. Mrugank Hathi 029 Sagar Yerunkar 061 Tushar Kothavale 130.

WCM Computer Integrated Manufacturing [CIM] Total Quality Control [TQC] Just in Time [JIT] Manufacturing for Competitive Advantage Framework – Arthur Young Strategic Vision World Class Manufacturing Strategic Vision World Class Manufacturing Global Competitors /Credibility on the Wall-Street. – Scrap Boeing’s paternalistic corporate culture. Assessment process – current business situation & performance. Formulated implementation plan -‘Airlines should order airplanes the way consumer order automobiles’ /


Operations Management

added at each stage. STANDARDISATION Economies of Scale Start-up Costs High Automation System Failure? Reduced Stockholding eg JIT Standardised – All Customers? Quality Systems Built In Work is Repetitive Flow Production Production items move continuously from one/ large market (flow) Stage of Business Development - eg when starting up (job or batch) may then move to flow as sales increase Technology - new materials/machinery eg computers and robotics in car manufacturing - also different models on same /


International Business 7e

to decentralize production activities to the major national or regional markets in which the firm does business or to implement flexible manufacturing processes that enable the firm to customize the product coming out of a factory according to /JIT) systems is to economize on inventory holding costs by having materials arrive at a manufacturing plant just in time to enter the production process, and not before JIT systems generate major cost savings from reduced warehousing and inventory holding costs JIT/


© 2006 McGraw-Hill Ryerson Ltd. Managerial Accounting and the Business Environment Chapter One.

Business Environment Chapter One © 2006 McGraw-Hill Ryerson Ltd. Learning Objectives 1.Identify the major differences and similarities between financial and managerial accounting. 2.Understand the role of management accountants in an organization. 3.Understand the basic concepts underlying Just- In-Time (JIT/.  Example: Production supervisors in a manufacturing plant. Staff positions support and assist line positions.  Example: Cost accountants in the manufacturing plant. © 2006 McGraw-Hill Ryerson Ltd/


Managerial Accounting and the Business Environment

assist line positions. Example: Cost accountants in the manufacturing plant. The Controller The chief accountant in an organization with responsibility for: Financial planning and analysis. Cost control. Financial reporting. Accounting information systems. The Professional Management Accountant Three types of professional accountants work as management accountants in Canada: CGA. CA. CMA. The Changing Business Environment A more competitive environment emphasizing: Higher quality products/


Chapter 8 - Strengthening Business-to-Business Relationships via Supply Chain and Customer Relationship Management Supply chain management (SCM) systems.

approach was pioneered by Toyota. It is used extensively by computer manufacturers to avoid component obsolescence e.g. Dell keeps only two hours of inventory in stock JIT requires tight cooperation between all partners in the supply network. Vendor-Managed Inventory (VMI) VMI is a business model in which suppliers manage the manufacturer’s (or retailer’s) inventory levels based on pre-established service/


 2004 Prentice Hall Business Publishing, Accounting Information Systems, 9/e, by Bodnar/Hopwood 9 – 1 The Production Business Process Chapter 9.

point = Lead time × Average inventory usage rate  2004 Prentice Hall Business Publishing, Accounting Information Systems, 9/e, by Bodnar/Hopwood 9 – 12 Just-in-Time (JIT) Production Just-in-time production is a term used to describe a production/ – 43 Activity-Based Costing Activity-based costing (ABC) calculates several overhead rates, one for each manufacturing activity.  2004 Prentice Hall Business Publishing, Accounting Information Systems, 9/e, by Bodnar/Hopwood 9 – 44 Activity-Based Costing What are/


1 Slides used in class may be different from slides in student pack Chapter 18 Synchronous Manufacturing and the Theory of Constraints  Goldratt’s Rules.

is being processed.  Queue time is the time that a part waits for a resource while the resource is busy with something else. 1717 Slides used in class may be different from slides in student pack Time Components of Production / Market Exhibit 17.9 2020 Slides used in class may be different from slides in student pack Quality Implications of synchronous manufacturing  More tolerant than JIT systems –  Except for the bottleneck – 2121 Slides used in class may be different from slides in student pack Batch/


©2005 Prentice Hall Business Publishing, Introduction to Management Accounting 13/e, Horngren/Sundem/Stratton 14 - 1 Job-Costing and Process-Costing Systems.

and overhead $765,000 + =Endinginventory$155,000Endinginventory$155,000 Cost of goods manufactured$2,500,000 manufactured$2,500,000 – ©2005 Prentice Hall Business Publishing, Introduction to Management Accounting 13/e, Horngren/Sundem/Stratton 14 - 9 /49 Backflush Costing Example Speaker Technology, Inc., recently introduced backflush costing and JIT. Speaker Technology, Inc., recently introduced backflush costing and JIT. Model AX27 Standard material cost:$14 Standard conversion cost:$21 Model AX27 Standard/


The Scenario: Low Cost through Economies of Scale Techniques used include JIT, TQM, Kanban Innovative Approach Competitive Pricing Dynamic Environment.

increase customer satisfaction and product specifications Improves performance JIT minimizes down time And better shipping minimizes damages Effective/: Whirlpool Desirable Image: Fashion product Technological Innovation Reputation Manufacturing consistency Status Symbol Implications of Differentiation Strategy Competitive rivalry / Niche * Leadership Diversification Is a process that: Improves the core business execution Enhances the unit’s structural position Increases the competitive advantage Creates/


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