ITM 410 Chapter Notes - Chapter 15: Finished Good, Cellular Manufacturing, Activity-Based Costing

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 410
• Professor: Margaret Plaza

Document Summary

There are three key drivers of complexity in manufacturing operations in the new millennium: pressure to reduce costs throughout the value chain, pursuit of new lucrative markets and channels, the quickening pace of product innovation. There are four key components of effective, integrated production processes in more depth: Competing in a global manufacturing environment: product innovation, production process innovation, supply chain management, management accounting system. Designing innovative products and getting them to market quickly is critical for being competitive in today"s complex global manufacturing environment: to have a rapid product innovation, cooperation among engineering, manufacturing, and marketing is vital. Enterprise systems facilitate the integration of all aspects of the product design, manufacturing, and marketing processes. Throughput time: is the time it takes from when authorization is made goods to be produced to when the goods are completed. Demand (sales orders) pull goods into production.