Important to lean transformation and lean environment

Assignment Help Financial Management
Reference no: EM131344157

Lean manufacturing is a business model and collection of operational processes that emphasize eliminating non-value added activities (waste) while delivering quality products on time, at a lower cost and with greater efficiency.

Discuss “muda” and why this is important to a lean transformation and lean environment.

Do NOT list the seven wastes identified in the course material. Use your own words to discuss “muda”.

Discuss how the management accountant’s role is different in a lean environment compared to a mass production environment.

Reference no: EM131344157

Questions Cloud

Discuss about the organizational behavior : Explain the connection between organizational behavior and your selected job skills from the worksheet.Discuss how these job skills can lead to improved job performance.Explain how Organizational Behavior can aid you in decision-making and problem-so..
For fixed exchange rate system to work : For a fixed exchange rate system to work successfully, the government that oversees its operations must be able to make tight budget and monetary policies prevail from the beginning. Please explain why.
Explain how the answer is derived to earn partial credit : Suppose the quote on pounds was $1.624-31. If you converted $10,000 to pounds and then back to dollars, how many dollars would you end up with? Please explain how the answer is derived to earn partial credit.
Write an sql statement to list the names of employees : Write an SQL statement to list the names of employees who have worked on a property owned by a Corporation. Write an SQL statement to show the name and sum of HoursWorked for each employee.
Important to lean transformation and lean environment : Lean manufacturing is a business model and collection of operational processes that emphasize eliminating non-value added activities (waste) while delivering quality products on time, at a lower cost and with greater efficiency. Discuss “muda” and wh..
What will be the dividend payout ratio : If Altamonte reports net income of $1,200,000 and it follows a residual dividend payout policy, what will be its dividend payout ratio.
Present a mini research project : Write a report as well as submit a java or matlab code that can denoise a piece wise constant signal and to characterize the signal using applications that were taught throughout the course such as sample mean.
Cash flow projection for this replacement project : Meade Metals Inc is replacing an old truck with a new one. To make the change Meade will purchase a $200,000 truck that it will depreciate straight-line over ten years to a $40,000 salvage value. Develop a five-year cash flow projection for this repl..
What financial criteria should be considered : List the steps in buying a car.- What financial criteria should be considered? Discuss each briefly.

Reviews

Write a Review

Financial Management Questions & Answers

  Describe how the firm prices its revenues and costs

Describe how the firm prices its revenues and costs - What means do they use to hedge against exchange rate risk?

  Effective in creating and monitoring an operating budget

Discuss which financial management practices are most effective in creating and monitoring an operating budget.

  About the economist concept of the time value of money

Suppose your brother or sister owed you $500.00. Thinking about the economist's concept of the time value of money. Would you rather have this money repaid to you right away, in one payment, or spread out over a year in four installment payments? Wou..

  What will the interest charges be if she elects the plans

The price of a new car is $24,000. Assume that an individual makes a down payment of 25% toward the purchase of the car and secures financing for the balance at the rate of 6%/year compounded monthly. What monthly payment will she be required to make..

  What is the value of your retirement plan

Assume that you contribute $200 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $400 per month for another 25 years. Given a 5 percent interest rate, what is the value of your retirement plan after 40 ye..

  How large must each of the five payments be

You must make a payment of $1,513.17 in 10 years. To get the money for this payment, you will make 5 equal deposits, beginning today and for the following 4 quarters, in a bank that pays a nominal interest rate of 10% with quarterly compounding. How ..

  What will be the total amount that you will pay

Assume you purchase an automobile requiring a $30,000 loan at 7% for 48 months. What will be the monthly payment? What will be the total amount that you will pay over the 48 months?

  Consider the spot interest rates for maturities

Consider the following spot interest rates for maturities of one, two, three, and four years. r1 = 4.1% r2 = 4.5% r3 = 5.2% r4 = 6.0% Assuming a constant real interest rate of 2 percent, what are the approximate expected inflation rates for the next ..

  What is the equivalent annual cost of this machine

Tool Makers, Inc. uses tool and die machines to produce equipment for other firms. The initial cost of one customized tool and die machine is $850,000. This machine costs $10,000 a year (after-tax) to operate. Each machine has a life of 3 years befor..

  Performance evaluation of a portfolio is difficult

Performance evaluation of a portfolio is difficult. What challenges can investment managers face and what recommendations would you make in effort to meet these challenges? Portfolio insurance has always had an intuitive appeal to investors, particul..

  Hat is the yield to call for this bond

Fooling Company has a 13.8 percent callable bond outstanding on the market with 25 years to maturity, call protection for the next 10 years, and a call premium of $25. What is the yield to call (YTC) for this bond if the current price is 110 percent ..

  What is the true rate of interest that the company is paying

A company sold a $1 million issue of bonds with a 15 year life, paying 4 percent interest per year. The bonds were sold at par value. If the company paid a selling fee $50,000 and has an annual expense of $70,256 for mailing and record keeping, what ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd