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Financial Models and Tools for Managing Lean Manufacturing [Supply Chain Integra
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Item specifics
- Condition
- Book Title
- Financial Models and Tools for Managing Lean Manufacturing (Supp
- ISBN
- 9780849391859
- Subject Area
- Business & Economics
- Publication Name
- Financial Models and Tools for Managing Lean Manufacturing
- Publisher
- Auerbach Publishers, Incorporated
- Item Length
- 9.3 in
- Subject
- Purchasing & Buying, Production & Operations Management, Quality Control, Industries / Manufacturing
- Publication Year
- 2006
- Series
- Supply Chain Integration Modeling, Optimization and Application Ser.
- Type
- Textbook
- Format
- Hardcover
- Language
- English
- Item Height
- 0.7 in
- Item Weight
- 16 Oz
- Item Width
- 6.5 in
- Number of Pages
- 197 Pages
About this product
Product Identifiers
Publisher
Auerbach Publishers, Incorporated
ISBN-10
0849391857
ISBN-13
9780849391859
eBay Product ID (ePID)
50934040
Product Key Features
Number of Pages
197 Pages
Publication Name
Financial Models and Tools for Managing Lean Manufacturing
Language
English
Subject
Purchasing & Buying, Production & Operations Management, Quality Control, Industries / Manufacturing
Publication Year
2006
Type
Textbook
Subject Area
Business & Economics
Series
Supply Chain Integration Modeling, Optimization and Application Ser.
Format
Hardcover
Dimensions
Item Height
0.7 in
Item Weight
16 Oz
Item Length
9.3 in
Item Width
6.5 in
Additional Product Features
Intended Audience
Scholarly & Professional
LCCN
2006-008335
Dewey Edition
22
Series Volume Number
No. 1
Illustrated
Yes
Dewey Decimal
658.5
Table Of Content
Introduction Historical Background of the Problem Objectives of the Study Important Questions for the Study Importance of this Study References Impact of Management Accounting Methods on Lean Implementation Management Accounting Transition in Focus from Internal to External Difficulties Presented by the Current forms of Financial Reporting Just-in-Time (JIT) and Lean Manufacturing Practices Related Studies and Missing Elements Problems with Previous Studies Contributions of this Study References Multi-Period Simulation Model of a Factory with Lean Manufacturing Experimental Design, Statistical Hypothesis, and Data Analysis Experimental Design Proposed Hypotheses Data Analysis Methods Diagrams Experimental Factors Generation of a Random Sales Demand Inventory Policy Management Accounting Method Detailed Description of Data Generation Process Simulation Model Design Simulated Factory Parameters Model Manufacturing Operations Production Planning Tool Calculation of the Coming Month Production Schedule Tracking On-Hand Inventories Calculation of Income Statements by Accounting Method Model Execution - Data Generation Technical Issues with the Simulation Model References Analytical Findings from Lean Manufacturing Factory Operation Raw Data and Descriptive Statistics Test of Hypotheses Results by Performance Measure and Period Gross Profit Net Profit Sensitivity to Sales Variability Service Level Sensitivity Analysis References Conclusions and Implications of Lean Manufacturing Factory Operation Summary of Research Findings Comparison to Previous Studies Implications for Practice Limitations Suggestions for Future Research Expansion of Time Horizon Expansion of the Number of Inventory Reduction Policies Modeled per Dataset Customer Service Level Measures Reduction in Reporting Cycle Expansion of Income Statements Use of Distribution Other than Normal Further Development of the Order-Activity Product Costing Method References Impact of the Pareto Distribution on Product Cost Calculations Introduction Definition of Problem Research Questions Methods Results Discussion Conclusions and Implications of This Research References Apendices
Synopsis
The effect Lean Manufacturing programs have on profit and loss statements during the early months of their implementation often causes them to be viewed as failures. The length of time it will take traditional financial reports to reflect lean manufacturing improvements depends upon how poorly the operation was doing in terms of inventory management prior to the initiation of the lean effort. As yet, no one has put forth a set of methods for dealing with the finances and financial reporting issues dynamically during the implementation of lean practices, until now. Financial Models and Tools for Managing Lean Manufacturing provides an understanding of the impact that traditional accounting practices have on operational improvement programs. The book shows managers of supply chains how to prepare for and present the impact of Lean Manufacturing to top management and stakeholders. To illustrate the impact of lean manufacturing on the income statement, the authors present a multi-month, Excel(tm) and Pro-Model(tm) based manufacturing operation environment that incorporates actual sales, sales forecasts, and production results. Their text gives supply chain managers the financial skills they need to successfully manage Lean Manufacturing and its impacts. In short, the book explains how existing accounting practices have a tendency to report the results of operational improvement programs in a negative light. Other books have identified this issue but have not attempted to quantify the impact to a firm's profit and loss nor have they shown the impact over a series of reporting periods. As a consequence, although Lean Manufacturing practices are being adopted at an ever-increasing rate, they have not been eagerly embraced by manufacturers and supply chain managers. Identifying the effects of past poor manufacturing practices that are being cleaned up by the operational improvements brought by the lean program, the book arms you with the knowledge you need to defend the lean program through the months when income statements indicate a decline in profitability., The effect Lean Manufacturing programs have on profit and loss statements during the early months of their implementation often causes them to be viewed as failures. The length of time it will take traditional financial reports to reflect lean manufacturing improvements depends upon how poorly the operation was doing in terms of inventory management prior to the initiation of the lean effort. As yet, no one has put forth a set of methods for dealing with the finances and financial reporting issues dynamically during the implementation of lean practices, until now. Financial Models and Tools for Managing Lean Manufacturing provides an understanding of the impact that traditional accounting practices have on operational improvement programs. The book shows managers of supply chains how to prepare for and present the impact of Lean Manufacturing to top management and stakeholders. To illustrate the impact of lean manufacturing on the income statement, the authors present a multi-month, Excel(TM) and Pro-Model(TM) based manufacturing operation environment that incorporates actual sales, sales forecasts, and production results. Their text gives supply chain managers the financial skills they need to successfully manage Lean Manufacturing and its impacts. In short, the book explains how existing accounting practices have a tendency to report the results of operational improvement programs in a negative light. Other books have identified this issue but have not attempted to quantify the impact to a firm's profit and loss nor have they shown the impact over a series of reporting periods. As a consequence, although Lean Manufacturing practices are being adopted at an ever-increasing rate, they have not been eagerly embraced by manufacturers and supply chain managers. Identifying the effects of past poor manufacturing practices that are being cleaned up by the operational improvements brought by the lean program, the book arms you with the knowledge you need to defend the lean program through the months when income statements indicate a decline in profitability., Financial Models and Tools for Managing Lean Manufacturing provides an understanding of the impact that traditional accounting practices have on operational improvement programs. This book shows managers of supply chains how to prepare for and present the impact of Lean Manufacturing to top management and stakeholders of a company. To illustrate the impact of lean manufacturing on the income statement, it presents a multi-month, Excel'¢ and Pro-Model'¢ based manufacturing operation environment that incorporates actual sales, sales forecasts, and production results. This text offers the financial skills that supply chain managers need to successfully manage Lean Manufacturing and its impacts., Financial Models and Tools for Managing Lean Manufacturing provides an understanding of the impact that traditional accounting practices have on operational improvement programs. This book shows managers of supply chains how to prepare for and present the impact of Lean Manufacturing to top management and stakeholders of a company. To illustrate the impact of lean manufacturing on the income statement, it presents a multi-month, Excel and Pro-Model based manufacturing operation environment that incorporates actual sales, sales forecasts, and production results. This text offers the financial skills that supply chain managers need to successfully manage Lean Manufacturing and its impacts.
LC Classification Number
HD38.5.K849 2006
Item description from the seller
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