The term ‘lean production’ came about to describe the Toyota production system in the late 1980’s. This came to pass through a research group from MIT who over five years analysed the automotive industry in fourteen countries. It was called ‘lean manufacturing’ rather than the Toyota production system to make it easier for competitors and organizations to adopt this type of system. The concept of lean production in a manufacturing organization basically means to try and maximise the use of materials
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THE BALANCED SCORECARD 1 Why businesses need a balanced scorecard The balanced scorecard was developed by US academics Robert Kaplan and David Norton in response to the shortcomings of traditional financial measures. Traditional financial measures are one-dimensional. By definition‚ they only look at the financial aspects of a business. Traditional financial measures are historical. They tell us nothing about what may happen to the business in the future. There are many examples of businesses
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Lean on Me In the film Lean on Me‚ Joe Clark‚ played by Morgan Freeman‚ took on the responsibility of being the principle for a troubled inner-city high school. The students at this high school were mainly minority children‚ faced by issues of poverty‚ drugs‚ and racism everyday. The state of New Jersey claimed that this school was heading nowhere but down and that the teachers were unable to teach the children the basic skills they needed to survive in the world. I feel the causes of the schools
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The Balanced Scorecard and Performance Measurement Assignment 1. The design of a good performance measurement system must follow a “top down” approach to ensure that key measures are in fact a measure of the strategic goals established by senior management. Performance initiatives should always start at the top because senior management has the power to implement the system and provide the organizations missions and objectives. The top down approach starts with a clear business strategy
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The lean accounting method was first developed and introduced by Toyota and other Japanese companies. Toyota executives claim that the famed Toyota Production System was inspired by what they learned during visits to the Ford Motor Company in the 1920s and developed by Toyota leaders such as Taiichi Ohno and consultant Shigeo Shingo after World War II. As pioneer American and European companies embraced lean manufacturing methods in the late 1980s‚ they discovered that lean thinking must be applied
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distribution‚ resource availability and consumption and the monetary system. The causes for such imbalances are complex and manifold. Factors at work include deepening economic globalization‚ division of labour and industrial relocation‚ and capital flow. Therefore‚ the aim of this essay is to discuss balanced development and critically discuss why Zambia should strike a balance between agricultural and industrial investments. Balanced development is defined as the creation of equal opportunities for
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Lean Glossary The following are key concepts associated with lean manufacturing. Click on a link to jump directly to the related definition. 5S Andon Bottleneck Analysis Continuous Flow Gemba (The Real Place) Heijunka (Level Scheduling) Hoshin Kanri (Policy Deployment) Jidoka (Autonomation) Just-In-Time (JIT) Kaizen (Continuous Improvement) Kanban (Pull System) KPI (Key Performance Indicator) Muda (Waste) Overall Equipment Effectiveness (OEE) PDCA (Plan‚ Do‚ Check‚ Act) Poka-Yoke
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Managing operations in the supply chain context 14 June 2012. Word Count 2588 Table of contents Section 1: Introduction of Starcomms Plc 3 1.1 Products and Services 3 1.2 Order Qualifiers and Winners 3 1.2.1 The order qualifiers for Starcomms 3 1.2.2 The order winners for Starcomms 4 Section 2: 5 2.1 Operations Problem 5 2.2 Evidence to support the claims 5 Section 3: Potential Harm to Starcomms 5 Section 4: Literature Review
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in a lean environment? Explain the specific reasons that support your answer. In general‚ we do not think that traditional accounting practices that Topeka plant adopted in 1979 to support its mass production would fit into the lean accounting environment. The differences between the two accounting methods make the traditional accounting hard to work for the lean environment. We would analyze from the following perspectives: Goal The goal of traditional accounting practices is to achieve the
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Tasks and answers Task 1: To what extent could or should Deane expect to apply the philosophies and techniques of JIT/Lean to the running of a staircase cell? Staircases Production Company (SPC) is a small‚ successful‚ privately owned timber and building materials company based in a small city in the UK. The company offers a wide variety of timber products‚ from regular doors‚ windows and staircases to special products such as non-standard sections or special profiles (i.e. old designs of skirting
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