Managing Cost In Today S Manufacturing Environment
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Managing Cost in Today's Manufacturing Environment by Peter Chalos Pdf
Interest in cost accounting has been fuelled by automation changes in industry. This book for cost managers and manufacturing engineers covers computer manufacturing, flexible manufacturing systems, JIT, capital adjusting for automated equipment, cost of quality and issues in incentive design.
The Design of Cost Management Systems by Robin Cooper,Robert S. Kaplan Pdf
This collection of readings and cases analyzes the defects with existing, traditional cost management systems, and shows how to design systems that will provide value to a wide range of organizations.
Design and Management of Manufacturing Systems by Arkadiusz Gola Pdf
Although the design and management of manufacturing systems have been explored in the literature for many years now, they still remain topical problems in the current scientific research. The changing market trends, globalization, the constant pressure to reduce production costs, and technical and technological progress make it necessary to search for new manufacturing methods and ways of organizing them, and to modify manufacturing system design paradigms. This book presents current research in different areas connected with the design and management of manufacturing systems and covers such subject areas as: methods supporting the design of manufacturing systems, methods of improving maintenance processes in companies, the design and improvement of manufacturing processes, the control of production processes in modern manufacturing systems production methods and techniques used in modern manufacturing systems and environmental aspects of production and their impact on the design and management of manufacturing systems. The wide range of research findings reported in this book confirms that the design of manufacturing systems is a complex problem and that the achievement of goals set for modern manufacturing systems requires interdisciplinary knowledge and the simultaneous design of the product, process and system, as well as the knowledge of modern manufacturing and organizational methods and techniques.
Availability Engineering and Management for Manufacturing Plant Performance by Richard G. Lamb Pdf
In today's manufacturing environment, the integration of commercial, production, maintenance, and engineering functions is a common and crucial goal. In this timely volume, Richard G. Lamb presents a new standard within the enterprise and plant design management. Lamb shows readers how to advance the plant's role in enterprise business performance and leadership by most cost effectively achieving the mechanical availability necessary to perform in the face of current events, business cycles, and industry trends. Performance is from the designed and managed reliability and maintainability of its equipment.
With a proven track record for helping companies achieve critical cost reductions without sacrificing customer satisfaction, target costing provides managers and executives with the tools to survive and prosper in today’s increasingly competitive market—without raising prices on customers. Target Cost Management: The Ladder to Global Survival and Success details the preliminary steps required for a company to institutionalize target costing and the two necessary ingredients of target costing—proper organizational structure and cost tables. It describes and illustrates the interrelationships of the major techniques, tools, and methodologies needed to achieve the ultimate success. Jim Rains shares powerful insights harvested during his two decades of studying and benchmarking target costing for leading Japanese corporations including Toyota, Nissan, and Canon. Supplying the understanding and the tools to achieve critical cost reductions while maintaining and even improving customer satisfaction, this book explains the steps needed to reap the rewards of constant, consistent, acceptable, and predictable levels of profitability.
Activity-Based Cost and Environmental Management by Jan Emblemsvåg,Bert Bras Pdf
It is clear that our environment is changing, and not for the better. Companies cannot ignore environmental issues anymore. Public awareness is growing, legislation is tightening, and demand for ISO 14000 compliance is rising. For many, however, the field of environmental management (including ISO 14000) is full of unfamiliar terms, high learning curves, unproductive approaches, much frustration, and often little action. If environmental management is to become widely accepted and self-motivated in industry, it must connect to the basic motivators for business: increased competitiveness and profitability. Activity-Based Cost And Environmental Management: A Different Approach to the ISO 14000 Compliance demonstrates how environmental assessment and management can be performed based upon familiar principles: cost accounting and cost management. Specifically, this book describes how the well-established Activity-Based Costing and Management principles can be extended with non-monetary environmental dimensions. The result is a single, integrated framework called Activity-Based Cost and Environmental Management that provides the tools and abilities to do both environmental management and cost management in an integrated manner and according to modern management principles. This integration of economic and environmental dimensions based upon familiar cost accounting and management principles makes it easier for decision-makers to not only include the environment in their decision-making, but also to identify, rank and prioritize opportunities for win-win situations where competitiveness is increased and environmental impact reduced at the same time. In this book, the basic concepts of Activity-Based Cost and Environmental Management are described, as well as how to make your own integrated Activity-Based Cost and Environmental Management implementations and how to get the most out of them using uncertainty distributions, Monte Carlo simulations, and sensitivity charts. Among others, the book includes chapters on environmental management and Activity-Based Costing, as well as several real-life case studies from companies for which the authors implemented Activity-Based Cost and Environmental Management systems.
Updating Standard Cost Systems by Carole B. Cheatham,Leo R. Cheatham Pdf
The new manufacturing environment requires new cost-accounting systems as well as new technology. While some authorities have advocated installing new and untried systems, the authors of this book recommend updating the standard cost system which 85 percent of manufacturing firms have in place. Updating the present system can achieve greater benefits in terms of providing information to managers for decision making. It also allows the organization to avoid disruption to the corporate culture and the cost associated with a new system. The authors show how standard cost systems can be redesigned to measure factors recognized to be important in today's manufacturing environment such as quality, production levels, and throughput. They demonstrate how standard cost systems can foster continuous improvement through dynamic rather than static standards. After examining characteristics of the new manufacturing environment and benefits of upgrading the cost system, ways to update the traditional standard cost system are discussed. Revisions include a unique input-output method of variance analysis, specific metrics related to manufacturing performance, ways to identify cost drivers, and use of dynamic standards. The authors demonstrate how to redesign the information-gathering and reporting system as new manufacturing procedures are put in place. They discuss ways that marketing activities are affected and how to plan plant and equipment expenditures in an automated environment. This book is directed primarily towards accountants and managers needing to improve informational content of accounting data for decision-making purposes. It should also be beneficial to any person within the business firm who either supplies data of this type or uses it, such as project analysts, controllers, managers, and even management trainees. Academicians teaching cost and managerial accounting as well as those teaching production management and financial decision-making courses should find it beneficial as a text supplement or as a primary text in courses dealing with current problems in today's changing manufacturing environment.
Designing Cost Management Systems to Support Business Decision-Making by Pieter Buys Pdf
This book illustrates the importance effective cost management systems in providing a supportive environment in which reliable and relevant management information can be generated. Such a cost management system is only attainable if the importance of key business, operational and stakeholder requirements are recognised within the organisational context. In illustrating this importance, this book provides several case studies as examples thereof. The first two case studies focus on the engineering sector and illustrates the development of a cost management system in a water recycling context; and the design of a budgetary system in a mining engineering context. The remaining case studies focus on the services sector, including cost management systems for a digital technology services provider and a medical insurance services provider; an alternative activity-based costing approach for a public sector services provider; and finally a re-designed value stream for an automotive services provider. Academic researchers and industry managers in the fields of management accounting and financial management, as well as engineering and operations management, will find value in the experiences described herein.
Global Perspectives on Achieving Success in High and Low Cost Operating Environments by Roos, Göran Pdf
Competing in both high and low-cost operating environments can present a number of unique challenges. In light of global competition and the changing scope of various industries due to technological advancement, these challenges must be addressed in order to ensure business success. Global Perspectives on Achieving Success in High and Low Cost Operating Environments features a collection of research and case studies addressing contemporary issues surrounding operational success in various regions. Business professionals, managers, academics, and upper-level students will find this publication an essential resource for the latest tools and solutions for managing operations in diverse operating environments.
Assessment and Management of Environmental Risks: Cost-Efficient Methods and Applications by Igor Linkov,José Palma-Oliveira Pdf
The management of environmental contamination requires decision makers to weigh existing risks against the potential effects of implementing environmental policies, considering both the benefits and disruptions that may result from different courses of action. The present book represents an major advance in the development and application of cost-efficient methods of risk assessment, especially under circumstances of budget constraints and in developing countries. The book explores the potential of risk assessment to act as a unified and unifying technique for addressing a wide range of environmental problems. A wide range of issues are discussed, ranging from specific and local studies through global decision and management frameworks. The approaches developed range from specific methods through widely applied public policies. The book shows that the use of risk assessment can provide the scientific basis for environmentally sound, cost-effective policies, strategies and solutions to our environmental challenges.
Life-cycle Cost Approach for Management of Environmental Resources by V. Ratna Reddy,Mathew Kurian,Reza Ardakanian Pdf
This book demonstrates the application of Life-cycle Cost Approach (LCCA) in the management of infrastructure and other investment projects in the context of developing countries. The main goal is to identify potential opportunities for the adoption LCCA in developing countries, with the help of case studies and best practices. The editors observe that developing countries are plagued with poor and fluctuating service delivery which affords low or no priority for environmental protection. They seek to instill at the policy-making level an understanding of why life-cycle cost assessment is central to achieving the goals of sustainable development as well as sustainable service delivery and to influence the behavior of sector stakeholders. The editors examine the evolution of LCCA from a project appraisal tool to a more comprehensive method of incorporating sustainable development aspects in a variety of sectors. By providing a compendium of concepts, tools and practical experiences, it seeks to broaden the application of LCCA, which is often limited to specific phases of the life-cycle with little or no weight given to environmental aspects. The aim of the book is to mainstream LCCA into governance processes at institutional levels from local to national, in order to increase the ability and willingness of decision makers - both users and those involved in service planning, budgeting and delivery - to reach better informed and more relevant choices among different types and levels of products and services.
Innovative Solutions for Implementing Global Supply Chains in Emerging Markets by Dwivedi, Ashish Pdf
Advancements in the field of information technology have transformed the way businesses interact with each other and their customers. Businesses now require customized products and services to reflect their constantly changing environment, yet this results in cutting-edge products with relatively short lifecycles. Innovative Solutions for Implementing Global Supply Chains in Emerging Markets addresses the roles of knowledge management and information technology within emerging markets. This forward-thinking title explores the current trends in supply chain management, knowledge acquisition and transfer mechanisms among supply chain partners, and knowledge management paradigms. This book is an invaluable resource for researchers, business professionals and students, business analysts, and marketing professionals.
Breaking the Cost Barrier by Stephen A. Ruffa,Michael J. Perozziello Pdf
"Success is often the culmination of a series of lesser known accomplishments." -Stephen A. Ruffa and Michael J. Perozziello In the Muroc, California desert over fifty years ago, a team of contractors and government engineers along with a daring young test pilot named Chuck Yeager achieved the seemingly impossible and broke the sound barrier. It was a brilliant, selfless team effort; one that opened the doors for limitless advances in aviation. Yet, once again, this industry is faced with an apparently insurmountable barrier; not one of performance, but of cost. To break this barrier, a team of manufacturing professionals led by the Department of Defense's Stephen Ruffa-was given unprecedented access by the giants of military and commercial aircraft engines and avionics production. Their mission? Go beyond the age old focus on flying farther, faster, and higher to discover how to effectively and permanently slash the cost of producing aircraft to allow this industry to continue its rapid pace of advancement. The results of their study set the stage for a new approach that will again change the face of this industry. These findings lauded by leaders across the industry and comprehensively explored in Breaking the Cost Barrier prove that production variation, as opposed to more common targets like labor utilization and inventory levels, is the chief cause of escalating production costs. More importantly, they reveal how companies can control spiraling production costs by first controlling the variability that has for too long been considered a necessary evil in manufacturing circles. While much has been written about what "lean production" techniques are, Breaking the Cost Barrier is the first book to explain how to effectively put lean techniques into place. It presents the big picture on how you can understand and adopt the industry proven techniques used in the lean production environment and coordinate the best into one powerhouse variation management program. Case studies and examples showcase how these techniques can be applied to control production variability across industries and requirements. Breaking the Cost Barrier provides far more than just another plug-and-play technique for increasing efficiency. Instead, it tells the step-by-step story of how one team of professionals, guided by the belief that an answer was closer than anyone realized, broke the code on production variability problems and introduced exciting, profitable, and easily adaptable variation management methods to one of the world's most important and noteworthy industries. THE NATIONAL ASSOCIATION OF MANUFACTURERS is the nation's largest broad-based industrial trade association. The NAM is headquartered in Washington, D.C., and has regional offices across the country. For more information on the NAM, call David W. Walker, Vice President, Marketing and Member Services, at (202) 637-3186. The dramatic account of how a team of aerospace professionals attacked production variation to slash costs by 25% Variation Management the identification and control of variation in production processes-is critical to today's cost-conscious aerospace industry. Now, the story of how its underlying framework was discovered by a team of professionals in a cooperative effort with a range of organizations, from McDonnell Douglas and Pratt & Whitney to Westinghouse and even the U.S. government, is chronicled in the innovative and technique-packed Breaking the Cost Barrier. This fast-paced, highly entertaining book gives you a behind-the-scenes look at how you can design and implement a system to successfully control production variability and leverage the power of that system for your own organization. It describes what many of the components of a variability control system are and what goals they should achieve, then demonstrates from the inside out why each comprises an important part in the puzzle.
