33:010:272 Lecture Notes - Lecture 2: Inventory Control, Linear Equation, Total Quality Management
31 Aug 2016
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Document Summary
A process developed by dr. w. ed deming to increase productivity through quality control techniques. An inventory control system that coordinates demand and supply to the point where desired materials arrive just when they are needed. Developed by the auto industry, it refers to shipping goods in smaller, more frequent lots. A specific approach used to identify and manage constraints in order to achieve the company"s goals. The fundamental rethinking and radical redesign of the business process to achieve dramatic improvement in critical measures of performance such as cost, quality, service, and speed. Range of activity where the assumptions about cost are valid. Y - total mixed cost a - fixed costs. Amount of money available after subtracting your variable costs. A factor, such as machine-hours, beds occupied, computer time, or flight-hours, that causes overhead costs. A report showing a comparison of projected and actual amounts for a specific period of time.
