A01=Debra Smith
Actual Overhead Cost
Author_Debra Smith
Balance Score Card
Category=KJU
Conflict Cloud
Constrained Capacity Resource
cost accounting reform
Cycle Time
Determine Batch Size
drum buffer rope method
End Item Demand
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
financial measurement barriers
GAAP Financial Statement
Gross Profit
implementing throughput accounting strategies
Key Leverage Point
lean manufacturing systems
Minimize Unit Cost
Negative Branch
Non-constraint Resources
Potential Bottleneck
production bottleneck analysis
Production Cost Centers
Purchase Price Variance
real time performance metrics
Schedule Due Date
Shipping Buffer
Shipping Schedules
Significant Setup Time
Throughput Accounting
TOC Methodology
Tp Tool
TQM Failure
Weekly Planning Sessions
Product details
- ISBN 9781574442465
- Weight: 540g
- Dimensions: 152 x 229mm
- Publication Date: 22 Dec 1999
- Publisher: Taylor & Francis Inc
- Publication City/Country: US
- Product Form: Hardback
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Today's competitive environment requires that companies distinguish themselves in the marketplace using factors other than prices. Companies that excel at on-time delivery, short cycle/leadtime, quality, and fast response to the market gain a competitive edge - and have the ability to market based on these features.
A proven approach to achieve this is the Theory of Constraints (TOC) production solution known, as drum-buffer-rope scheduling. Just in time (JIT), Total Quality Management (TQM) and other philosophies aim at exploiting these competitive edge factors. However, accounting systems, financial, and incentive measurements continue to be the biggest stumbling blocks to companies wishing to improve their financial performance with these tools.
Agreement on the need for a measurement system that encourages local actions in line with bottom line results is common, but solutions have remained elusive. Whether a company is pursuing JIT, TQM, or TOC, cost accounting is the common enemy.
Attempts have been made to introduce "new" costing methods such as activity based costing and economic value added, but they have failed to recognize the basic difference between product costing for financial statement purposes and collective management information to make real time decisions.
The Measurement Nightmare shows you how to resolve the conflicts and remove the accounting systems, financial, and incentive measurement roadblocks to adopting TOC, thereby gaining improved performance and sustaining competitive advantage. The techniques that the author, leading authority Debra Smith, has implemented and tracked at various companies highlight "the productivity measurement nightmare". Especially important are the day-to-day tools she developed to ensure successful implementation.
