Search results
Results from the WOW.Com Content Network
Quality, cost, delivery (QCD), sometimes expanded to quality, cost, delivery, morale, safety (QCDMS), [ 1 ] is a management approach originally developed by the British automotive industry. [ 2 ] QCD assess different components of the production process and provides feedback in the form of facts and figures that help managers make logical ...
The main academic full-text databases are open archives or link-resolution services, although others operate under different models such as mirroring or hybrid publishers. Such services typically provide access to full text and full-text search, but also metadata about items for which no full text is available.
Process costing. Process costing is an accounting methodology that traces and accumulates direct costs, and allocates indirect costs of a manufacturing process. Costs are assigned to products, usually in a large batch, which might include an entire month's production. Eventually, costs have to be allocated to individual units of product.
Work in process. Work in process or work-in-process, (WIP), [1][2][3][4] work in progress (WIP), [5][6][7] goods in process, [1] or in-process inventory refers to a company's partially finished goods waiting for completion and eventual sale, or the value of these items. [8] The term is used in supply chain management, and WIP is a key input for ...
Factory Physics. Factory Physics[1] is a book written by Wallace Hopp and Mark Spearman, which introduces a science of operations for manufacturing management. According to the book's preface, Factory Physics is "a systematic description of the underlying behavior of manufacturing systems. Understanding it enables managers and engineers to work ...
One simple definition of management accounting is the provision of financial and non-financial decision-making information to managers. [ 2 ] In other words, management accounting helps the directors inside an organization to make decisions. This can also be known as Cost Accounting.
The intersection of technology and quality management software prompted the emergence of a new software category: Enterprise Quality Management Software (EQMS). EQMS is a platform for cross-functional communication and collaboration that centralizes, standardizes, and streamlines quality management data from across the value chain.
Supply chain management is a cross-functional approach that includes managing the movement of raw materials into an organization, certain aspects of the internal processing of materials into finished goods, and the movement of finished goods out of the organization and toward the end consumer.