Cost Accounting and the Lean Production Philosophy

Cost accounting and the lean production philosophy By Tyrone Williams AIU Online September1, 2012 Abstract As Dr. Stephanie White prepares to cope with the a steep reduction in the budgetary allocation to the Uptown Clinic she must carefully determine which areas to cut while striving to maintain current levels of service. This essay will offer advice Dr. White on preparing for budget cuts. It will also discuss the lean production philosophy and how this compares with typical production. This essay will also describe the differences between managerial accounting and cost accounting. There are many strategies that Dr. White could employed to adequately mitigate the negative impact of reduced budgetary allocations to†¦show more content†¦This philosophy is now generally accepted as the ideal business model of the 21st century and replaces the mass production philosophy of the previous century. On the website www.1000advices.com Mr. Vadim Kotelnikov, Inventor of inspirational Business e-Coaching states that the lean production philosophy â€Å"is about doing more with less: less time, inventory, space, labor, and money. Lean manufacturing, a shorthand for a commitment to eliminating waste, simplifying procedures and speeding up production (www.1000advices.com). At its very core, this philosophy employs a systematic approach to the elimination of waste in seven key areas. These areas could be summarized as eliminating overproduction and producing only what customers’ need; eliminating unnecessary delay, down or idle time; streamlining inventory processes to eliminate unnecessary purchasing and storing of raw materials; prevent over-processing by removing any unnecessary steps in processes or procedures; streamlining the motion/movement of people and equipment; eliminating transportation delays and unnecessary material handling and reducing defective products and the cost to repair/replace them (www.1000advices.com). As is obvious by now, there are clear differences between typical production process and the lean production model. Suited for the mass production strategy of the last century, the manufacturing cycle of the typical production process primarily engages in cost accounting whether periodic orShow MoreRelatedDescribe the Difference in Managerial Accounting vs. Cost Accounting1479 Words   |  6 PagesDescribe how managerial accounting is different from cost accounting. Cost accounting is the process of tracking, recording and analyzing costs associated with a company’s product or project. Internal managers are the ones who normally use cost accounting information. Direct Costs, Indirect Costs and Overhead/Absorbed Costs are usually what are measured in Cost Accounting. This information is then used by managers when decisions are made dealing with company costs and how to improve the profitRead MoreThe Theory Of Constraints Of Lean Thinking1128 Words   |  5 Pagesand functioning have become very complicated due to increasing competition, increasing cost, decreasing profit margins and economic instability. Hence, manufacturers strive hard to obtain maximum output with the available input in order to ensure the optimum utilization of scarce resources. This includes measuring the value of inputs against the value of outputs which implies, matching cost per unit of production against the value of output or selling price. There have been a num ber of practices implementedRead MoreCost Management Techniques And Accounting Principles937 Words   |  4 Pagesâ€Å"Cost management techniques and accounting principles used in the 1950s and 1960s have not changed dramatically in their ability to help in managing the development and innovation in productivity and business philosophy.† (Northrup, 2004, p. 2) Ideally businesses running today use the same methodology which was used in the past 60 years however, management procedures over the past century has changed. If we were to look in the past, we would understand that most manufacturing industries began toRead MoreEssay about Lean Versus Traditional Production and Company’s Cost1064 Words   |  5 PagesHow lean versus traditional production might affect a management accountant trying to calculate a company’s costs.  How would the information a management accountant would use to determine company costs change depending on type of production? Gaurav Agnihotri BU510 Module #2 March 8, 2013 . TABLE OF CONTENTS CHAPTERS | | I. | Abstract†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ | 3 | II. | Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ | 4 | III. | Company cost in traditional production system †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. | 5 | Read MoreLean Vs. Lean Manufacturing Industry1049 Words   |  5 Pages Lean accountings primary use is in the manufacturing industry. A lean manufacturing company in which lean accounting is used looks to attack wastes in all forms. This in turn reduces the cost of goods sold. Lean accounting instead uses value stream costing. â€Å"Lean accounting experts believe that accounting itself can be lean, which can contribute to profit rather than just calculating it. Cost do not exist to be calculated. Costs exist to be reduced† (Taiichi Ohno). Lean accounting accentuatesRead MoreWausau Equipment Company Case Study Essay925 Words   |  4 Pageslot by introducing lean strategy. The management’s next step should be in making further Lean improvements. As we know, â€Å"SIMPA† is widely used in Lean process. â€Å"SIMPA† stands for Specify Value, Identify Value Stream, Make it Flow, Pull and Always Improving. These phases draw a big and long-term picture to lead a team logically from detecting the problems to solving the problems and make sure that the team can sustain the achievement and keep improving. In this case, the lean project was plannedRead MoreRequirements Planning System For Replenishment Planning1308 Words   |  6 PagesVasilievic, 2014). Because of the uncertainty in demand and supply, a need for optimizing inventory control procedures exists. The goal of the manufacturer is to devise production and supply procedures that minimize the average holding cost and stock-out cost. A supply chain management challenge is to control the capital cost of raw material by keeping stock levels down while simultaneously providing a high level of customer service. However, these often conflicting objectives requir e a customizableRead MoreRequirements Planning System For Replenishment Planning1284 Words   |  6 PagesVasilievic, 2014). Because of the uncertainty in demand and supply, a need for optimizing inventory control procedures exists. The goal of the manufacturer is to devise production and supply procedures that minimize the average holding cost and stock-out cost. A supply chain management challenge is to control the capital cost of raw material by keeping stock levels down while simultaneously providing a high level of customer service. These often conflicting objectives require a customizable materialRead MoreSwot Analysis : Lean Manufacturing1892 Words   |  8 Pagescorrectly, lean manufacturing also known as lean thinking creates an atmosphere where competitive advantages and success is attainable. Due to the successful nature of this strategy, organizations other than manufacturing, have implemented lean thinking with a favorable outcome. Discussed below is the establish ment of lean thinking, the steps of 5S, which is the tool utilized to lay the groundwork of lean thinking, and distinct differences between traditional cost accounting practices and lean accountingRead MoreThe 5s Methods As A Method Of Eliminating Waste1369 Words   |  6 Pagesfull meaning of the 5S are Seiri means sort, Seiton - straighten, Seiso means shine, Seiketsu means standardize and Shitsuke means sustain. Sort: This is the first step of the 5S and it explains that materials, equipment that are rarely used in the production process should be cleared out by red-tagging. Red- tagging is when materials are placed in the closest, nearest or distance location depending on the quantity, frequency of how they are often used and needed. Each step are completed before the next

A Thousand Splendid Suns - Critical Analysis Paper

The Life Story, Struggle, and Self Sacrifice of Two Courageous Women 10. The driver who takes Babi, Laila, and Tariq to the giant stone Buddhas above the Bamiyan Valley describes the crumbling fortress of Shahr-e-Zohak as â€Å"the story of our country, one invader after another†¦ we’re like those walls up there. Battered, and nothing pretty to look at, but still standing.† Discuss the metaphorical importance of this passage as it relates to Mariam and Laila. In what ways does their story reflect the larger story of Afghanistan’s troubled history? In the novel A Thousand Splendid Suns Khalid Hosseini highlights the escalating conflicts in the Middle East and the fates of two Afghani women by highlighting†¦show more content†¦Nana told her that there wouldn’t be any shortage of things she would endure and she was right. Laila in contrast has a little bit different of a story but she as well had to endure many tragedies and loss. Laila wasn’t a harami and she had both of her parents. Her life growing up was a lot less traumatic but she stood out because she had blonde hair and green eyes. Laila is also much prettier than Mariam and is able to go to school and get an education. He father is a teacher and she has two brothers that she has never met because they left to join the jihad against the Soviets. At this point in the novel Hosseini shows how the war is escalating and this becomes more predominant in the proceeding chapters. The war has been going on for eight years and the Soviets were losing. Laila struggles to have a relationship with her mother, however, this is very difficult because her mother only talks about her brothers and really neglects her by not showing her affection. Mammy has good and bad days but usually just bad ones. She lies in bed all day and sometimes she won’t even leave her room for many days at a time. Laila’s best friend is Tariq and he is missing one of his legs from a land mine. As Laila and Tariq get older they actually become lovers and the war is moving closer to Kabul. Babi took Laila and Tariq to see their countries heritage by taking a day trip to The Red City called Shahr-e-Zohak. TheShow MoreRelatedOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 PagesE SSAYS ON TWENTIETH-C ENTURY H ISTORY In the series Critical Perspectives on the Past, edited by Susan Porter Benson, Stephen Brier, and Roy Rosenzweig Also in this series: Paula Hamilton and Linda Shopes, eds., Oral History and Public Memories Tiffany Ruby Patterson, Zora Neale Hurston and a History of Southern Life Lisa M. Fine, The Story of Reo Joe: Work, Kin, and Community in Autotown, U.S.A. Van Gosse and Richard Moser, eds., The World the Sixties Made: Politics and Culture

OkinawaN Culture, Customs and Traditions Essay Sample free essay sample

Remembering Ryukyu Not many people outside Japan know much about Okinawa other than it’s the southernmost district of Japan. But prior to going a prefecture. Okinawa wasn’t ever a portion of Japan. in fact. it did hold a separate faith. distinguishable civilization and its ain political system. which most likely contrasts the Nipponese domain ( Taira. 1997. p. 142 ) . In the yesteryear. Okinawa served as an international meeting topographic point for its adjacent states such as China. mainland Japan. Korea. Philippines and other states of Southeast Asia. The island enjoyed cultural dealingss from these states while its trade industry flourished ( Taira. 1997. p. 140 ) . Assortment is the trademark of Okinawan civilization. which is why it was besides labeled aChanpurucivilization. Chanpuru is an mundane dish prepared by the Okinawans by stir-frying miscellaneous veggies along with Tofu and porc. This dish represents Okinawa’s historical willingness to borrow cultural elements from foreigners and incorporate them with their ain. Another symbolic representative of this cultural merger is the brilliant Shurijo Castle. which incorporates Nipponese and Chinese architectural characteristics. Okinawans are a mixture of Malay from Formosa and Philippines. Chinese from China. and Nipponese ( Yamato ) from Japan. But culturally. they are closer to Filipino and Chinese than mainland Nipponese ( Minahan. 2002. p. 1458 ) . Well the Chinese had profound influence upon the indigens of Okinawa. this was in position of their version of the Chinese lunar calendar. the one-year rhythm of festivals.feng-shui( geomancy ) ( Hidekazu. 2003 ) . Confucian doctrine and pattern of hereditary ceremonials and rites ( Smits. 1999. p. 13 ) . Okinawans observe â€Å"ancestral veneration† a ritual they’ve likely learned from the Chinese every bit good. Okinawan’s believe their ascendants have the power to mediate with fate. which explains why they worship their dead ancestors—to give award. Although most of what’s seen at the small town is no longer portion of the Okinawans’ life today. some traditions born in the Ryukyu Kingdom epoch have lasted through t he old ages. Weaving is one illustration of their abiding tradition. This pattern makes usage of wooden looms to make designs and forms that mirrors Okinawa’s simpleness. Turning sugar cane and exporting sweet harvest is another long-standing usage on the island. which up to this twenty-four hours is conscientiously done by manus. Fabrics likeBingata.Bashofu. Tsuboya clayware. Ryukyu lacquerware and Ryukyu anil were merely a few of their admired wealths. It was nevertheless through Music. play. literature. even cooking particularly their diet. the Okinawans successfully foreground their strong cultural singularity. Karate on the other manus. has been considered as the most noteworthy cultural export of Okinawa. Karate is thought to be a combination of traditional Okinawan Martial humanistic disciplines with Chinese kung fu. It is believed to be the result of its close ties with China and its great influence to the Okinawan civilization ( Byrd. 2003 ) Unlike the reserved Japanese. Okinawans. are known for their courtesy. heat. generousness. and fairness ( Minahan. 2002. p. 1458 ) . Possibly the major differentiation between Okinawans and Nipponese can be drawn based on their gender dealingss. For the Japanese. particularly in the past. everything revolves around adult male and his domination. On the contrary. Okinawan civilization is built with a strong matriarchal orientation while the Japanese has strong patriarchal. In Okinawan civilization the adult male held a â€Å"political hierarchy. † while the adult female held a â€Å"religious hierarchy. † Together they work in harmonio usness to raise a household or land. In this island. a adult female appointed as the main priestess was about equal to that of the male monarch ( Sered. 1999. p. 13 ) . At present. Okinawa being a prefecture has non diminished its individuality in the shadow of Japan. Rather. Okinawan vivacious cultural patterns have contributed in battalion. strengthening the historical background of its female parent state. Mentions Hassan. I. ( 1997 ) . Fringy Literature at the Exploded Center: an Okinawan Instance.World Literature Today. 71( 1 ) . 13-21. Retrieved February 3. 2008. from Questia database: hypertext transfer protocol: //www. questia. com/PM. qst? a=o A ; d=95177717 Hidekazu. S. ( 2003 ) . On Cognitive Aspects of Rhetorical Time Reckoning: Metaphor and Image-Schema in Calendrical Divination in Okinawa.Asiatic Folklore Studies. 62( 2 ) . 291+ . Retrieved February 3. 2008. from Questia database: hypertext transfer protocol: //www. questia. com/PM. qst? a=o A ; d=5006598793 Hook. G. D. A ; Siddle. R. ( Eds. ) . ( 2003 ) .Japan and Okinawa: Structure and Subjectivity. New York: RoutledgeCurzon. Retrieved February 3. 2008. from Questia database: hypertext transfer protocol: //www. questia. com/PM. qst? a=o A ; d=108417693 Minahan. J. ( 2002 ) .Encyclopedia of the Stateless Nations: Ethnic and National Groups around the World( Vol. 3 ) . Westport. Connecticut: Greenwood Press. Retrieved February 3. 2008. from Questia database: hypertext transfer protocol: //www. questia. com/PM. qst? a=o A ; d=101434921 Sered. S. ( 1999 ) .Womans of the Sacred Groves: Divine Priestesses of Okinawa. New York: Oxford University Press. Retrieved February 3. 2008. from Questia database: hypertext transfer protocol: //www. questia. com/PM. qst? a=o A ; d=59783888 Smits. G. ( 1999 ) .Visions of Ryukyu: Identity and Ideology in Early-Modern Thought and Politicss. Honolulu. HI: University of Hawaii Press. Retrieved February 3. 2008. from Questia database: hypertext transfer protocol: //www. questia. com/PM. qst? a=o A ; d=11250224 Taira. K. ( 1997 ) . 6 Troubled National Identity. InJapan’s Minorities: The Illusion of Homogeneity. Weiner. M. ( Ed. ) ( pp. 140-173 ) . London: Routledge. Retrieved February 3. 2008. from Questia database: hypertext transfer protocol: //www. questia. com/PM. qst? a=o A ; d=104119457

Leadership and Change Management for Services- myassignmenthelp

Question: Discuss about theLeadership and Change Management for Professional Services. Answer: Change has become a necessary factor across global professional service organizations. While working as a change agent in a Professional Services Organization and making progress related to change management strategy, there are various steps that need to be accommodated (Appelbaum et. al., 2012). In any change management procedure, it becomes imperative to adopt a suitable communication strategy that can address employee resistance to change. The following are some strategies that can allow communicating in a situation where the organization is facing resistance to change. Patient listening: Communication is the key to overcome resistance to any type of change. Initiating communication from employees side can help instill confidence in them and prevent frustration. Once employees are able to voice their opinions and their thoughts are reflected then it becomes easier to arrive at the root cause to resistance. Communicating reason for change: Communicating to employees regarding reasons for change can help develop effective communications (Frankland, et.al., 2008). Developing a communication plan can help focus on target audience and focus on areas that they care about or changes that will benefit them. Clear communication has been regarded as an effective strategy in communicating towards the process of change. Demonstrate Excitement: An integral communication strategy involves way in which communication is made. Once a change agent or leader is able to depict excitement he feels towards the change procedure, then it becomes easier to convince the same to employees. A wholehearted communication related to the change will allow transfer the excitement and help. Focus on Employees: All communication need to be focused in a manner that highlights changes that employees will be approached with (Ford, Ford, D'Amelio, 2008). Communicating clearly with detailed plans will employee gain clear insight and reduce their resistance to change. Reference Lists Appelbaum, S.H., Habashy, S., Malo, J.L. and Shafiq, H., 2012. Back to the future: revisiting Kotter's 1996 change model.Journal of Management Development,31(8), pp.764-782. Ford, J.D., Ford, L.W. and D'Amelio, A., 2008. Resistance to change: The rest of the story.Academy of management Review,33(2), pp.362-377. Frankland, R., Mitchell, C. M., Ferguson, J. D., Sziklai, A. T., Verma, A. K., Popowski, J. E., Sturgeon, D. H. (2008).U.S. Patent No. 7,356,482. Washington, DC: U.S. Patent and Trademark Office.