The Measurement Nightmare: How the Theory of Constraints Can Resolve Conflicting Strategies, Policies, and Measures / Edition 1

The Measurement Nightmare: How the Theory of Constraints Can Resolve Conflicting Strategies, Policies, and Measures / Edition 1

by Debra Smith
     
 

ISBN-10: 1574442465

ISBN-13: 9781574442465

Pub. Date: 01/28/2000

Publisher: Taylor & Francis

Today's competitive environment requires that companies distinguish th emselves in the marketplace using factors other than prices. Companies that excel at on-time delivery, short cycle/leadtime, quality, and fa st response to the market gain a competitive edge - and have the abili ty to market based on these features. A proven approach to achieve th is is the

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Overview

Today's competitive environment requires that companies distinguish th emselves in the marketplace using factors other than prices. Companies that excel at on-time delivery, short cycle/leadtime, quality, and fa st response to the market gain a competitive edge - and have the abili ty to market based on these features. A proven approach to achieve th is is the Theory of Constraints (TOC) production solution known, as dr um-buffer-rope scheduling. Just in time (JIT), Total Quality Managemen t (TQM) and other philosophies aim at exploiting these competitive edg e factors. However, accounting systems, financial, and incentive measu rements continue to be the biggest stumbling blocks to companies wishi ng to improve their financial performance with these tools.

Product Details

ISBN-13:
9781574442465
Publisher:
Taylor & Francis
Publication date:
01/28/2000
Series:
APICS Constraints Management Series
Edition description:
New Edition
Pages:
208
Product dimensions:
6.00(w) x 9.10(h) x 0.70(d)

Table of Contents

Unbelievable Decisions by Companies You Would Know if I Could Name Them
The Measurement Nightmare
Theory of Constraints: The Evolution of a Revolution
How We Got in This Accounting Measuring Mess
Drum-Buffer-Rope Basics and Predictable Implementation Effects
New Manufacturing Floor Measurements and Reporting
New Measures for Operations: Subordination
The Bridge Between Throughput Accounting and GAAP Financial Statements
Four Basic Strategic Decisions from a Theory of Constraints/Management Accounting Standpoint
Aligning Strategy in the Organization

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