By Trevor Hopper
Pooling the services of prime researchers matters in administration Accounting significantly explores a large variety of matters in a concise, digestible style.
Both scholars and practitioners specialising during this zone will locate this booklet an important consultant to the various advancements affecting administration accounting thought and practice.
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Example text
Each station only produces items explicitly demanded from a station located later in the production process. This eliminates inventories and reduces waste. JIT’s imperatives are to eliminate: (i) work-in-progress inventories by reducing batch size, (ii) raw material inventories by making suppliers deliver directly to the production line at the right time (just before use), (iii) errors by emphasising total quality management, (iv) finished-good inventories by only producing to order, and (v) costs of handling materials by designing the factory layout to minimise the movement of components.
Management accounting plays a role here. We also argue that standard cost systems and variance analysis do not necessarily conflict with aspirations for ‘zero defect’ strategies and lateral relations as is suggested by many operations management commentators. Many management accounting researchers respond that this may not be a problem because standards can be adjusted and updated in today’s management accounting systems. This adjustment has to be careful though, because optimistic standards may be more relevant for motivation purposes than for coordination.
Direct observation of JIT production processes provided effective visibility, so workers could not shirk or hide. Technology ousted opportunism. Self-management implies that authority for decision-making and control are given to employees. Here, accounting numbers are interactive levers of control used for individual learning and decision-making rather than top-down monitoring and performance evaluation. However, inter-active accounting numbers may, paradoxically, not only guide individual decision-making and planning.