making. In contrast with standing costing system‚ lean accounting proposes the value stream as a single cost collector. A value stream is defined as “all the activities required to bring a product or service from conception through to the customer‚ including related information processing‚ logistics‚ and the collection of money” (van der Merwe and Thomson‚ 2007‚ p.29). Lean organizations dedicate resources to value stream. Costs are recognized as they incurred rather than being inventoried and matched
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Q1: Do the traditional accounting practices that the Topeka plant adopted in 1979 to support its mass production process have value 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
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English 101 12 March 2013 Media Stream: The Negative impact on today’s youth Consuming media‚ it seems‚ has far outstripped reading story books or playing dress up as the average American children favorite past time. Overall‚ children between the ages of 2 to 18 spend an average of almost 5 and a half hours a day at home watching television‚ playing video games surfing the web or using some other form of media (“Unraveling new media’s effect on children). Media affects youth not only by
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principles in their logic sequence. The principles are : 1. Identify Value. 2. Map the Value stream 3. Create Flow 4. Establish pull 5. Seek perfection. Figure 1 Defining lean principles 1. Identify Value is to specify value from the standpoint of the end customer. 2. Map the value stream is to identify all steps in the value stream‚ eliminating whenever possible those steps that do not create value. 3. Create flow is to make
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JIT and Process Standardization Just-in-Time is a philosophy that concentrates on the delivery of a product or service in the time‚ quantity‚ and quality desired by the customer. Applying just-in-time philosophy to the service industry by standardizing processes improves customer satisfaction. A fast food drive-through restaurant is a perfect example of how using JIT philosophy and standardization improves the process thus improves customer satisfaction. Implementing continuous improvements in
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I. Briefly describe the answers to the following questions about the readings: a. What simple‚ inexpensive tool is used by UNC Health Care to communicate to patients? What are the doctors required to do to use this tool? Why did the tool work so well? UNC Health Care initiative included a written care plan and a whiteboard in every room with daily goals to help keep the patient focused on his or her discharge date. So there was a focus on communication with patients. They had
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look for new ways in how to contribute new revenue streams. Museum can be interesting to visit once if displays and exhibitions are not changed. As well as interactions and special events has to accommodate demand. Bearing in mind seasons‚ half term holidays or summer holiday is a good way start looking into additional revenue. Museum need to be creative and come to a problem from many angles at once. Advertising is an important revenue stream for helping businesses reach exactly the customers
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DEFENSE ACQUISITION REVIEW JOURNAL Joint Strike Fighter Courtesy of Lockheed Martin Corporation 172 Report Documentation Page Form Approved OMB No. 0704-0188 Public reporting burden for the collection of information is estimated to average 1 hour per response‚ including the time for reviewing instructions‚ searching existing data sources‚ gathering and maintaining the data needed‚ and completing and reviewing the collection of information. Send comments regarding this burden estimate or any
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International Journal of Operation and Production Management‚ vol.17‚ no McCoy‚ T. 1996‚ Creating an open book organization: where employees think and act like business partners‚ AMACON Publishers‚ New York. McManus‚ H.L. & Millard R.L. 2002‚ ‘Value stream analysis and mapping for product development’‚ Proceedings of the International Council of the Aeronautical Sciences‚ 23rd ICAS Congress‚ 8-13 September‚ 2002‚ Toronto‚ Canada‚ pp. MIT & UIUC‚ 2003‚ ‘The Design Structure Matrix (DSM)’ available at
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group with a tool to assist in defining the objectives of lean manufacturing is developed. A case study is used to demonstrate the lean implementation in material handling operations. Keywords: material handling; lean manufacturing; case study; value stream mapping; diamond drill bit components 1. Introduction The proper flow of materials through manufacturing processes allows industries to generate and maintain a competitive edge. This edge is the ability to meet customer demand for on time delivery
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