VARIOUS WASTES IN MANUFACTURING ORGANIZATION To get a world-class company it is fundamental to eliminate and avoid any waste (muda) in manufacturing and also service processes. Waste is any activity or process that adds cost but adds no value (for the customer). Up to 80% of the work that goes on in any organisation is adding no value to your customers Muda = waste (in its many forms) Muda (is a Japanese word meaning "futility; uselessness; idleness; superfluity; waste; wastage; wastefulness"
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what our grandmas always used to tell us: Do not waste food; think of all the hungry children in Africa. At my recent TEDx talk‚ I mentioned that global food waste could feed every starving child‚ man and woman on this planet – three times over in fact! Here is some food for thought: A global shame Globally‚ human beings produce enough food waste to feed 3 billion people: over 30% of the world’s food supply is wasted. The annual food waste in Italy could feed 44 million people – all of Ethiopia’s
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ACCOUNTING NOTES FOR MY PERSONAL USE 4/12/2013 ELISHA VERIWA | Introduction to Accounting Accountancy is the process of communicating financial information about a business entity to users (stakeholders) such as shareholders and managers (Elliot‚ Barry & Elliot‚ Jamie: Financial accounting and reporting). Accounting has been defined as: * the art of recording‚ classifying‚ and summarizing in a significant manner and in terms of money‚ transactions and events which are‚ in part at least
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Vice President Jack Brickhouse asks Louise Boudreau‚ the controller‚ to reduce the estimate of warranty expense by $60‚000. The present estimate of warranty expense is $500‚000 and is known by both Brickhouse and Boudreau to be a fairly "soft" amount. Identify possible causes of action. -Brickhouse is acting unethically. His action serves only his self-interest‚ self review and has no clear basis in proper accounting procedures‚ so ignoring the familiarity with brickhouse ‚the controller‚ Louise
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Content 1 Introduction 1 1.Task one 2 The models and concepts affecting the pricing decisions taken by organisations‚ critically reflecting upon their usefulness 2 2‚ Task two 6 The role of standard costing and variance analysis in management accounting and a critically discussion of the value and limitations of variance analysis as a means of identifying key areas which have contributed to the overall profit figure. 6 3‚ The advantages and disadvantages of introducing an Activity Based Costing
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operations block. WOL 33785-01‚ Issue: 01‚ 27 March 2003 B- 1.2 Page 1 of 1 PART B. WORKS INFORMATION ^ D w r Cymru Works Description Works Description Welsh Water Cardiff WWTW. Operating Manual 2. 1 Works Description Cardiff waste water treatment works is designed to serve Cardiff and the surrounding valleys. Raw sewage is treated before being discharged into the Bristol Channel from a 4km long sea outfall. • Population Equivalent • Dry Weather Flow • Flow to Full Treatment
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Journal of Toxicology and Environmental Health Sciences Vol. 1 (1) pp. 001-007‚ June‚ 2009 Available online at http://www.academicjournals.org/JTEHS Academic Journals Full Length Research Paper Characterization of industrial waste and identification of potential micro-organism degrading tributyl phosphate Trupti D. Chaudhari3‚ Susan Eapen2 and M. H. Fulekar1* Department of Life Sciences‚ University of Mumbai‚ Santacruz (E)‚ Mumbai-400 098‚ India. Nuclear Agriculture Biotechnology Division
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HISTORY OF ACCOUNTING LEARNING OUTCOMES Understand the history of accounting dating from prehistoric times to written record keeping. Identify the seven preconditions for the emergence of systematic book keeping. Know Luca Pacioll contributions in introducing double entry book keeping. Accounting is a tool‚ invented by humankind‚ to fulfill needs of society. Unlike the explorers of the past who discovered new lands‚ accounting cannot in any true sense be said to have been discovered
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TASK 1: Cost Classification and Ethics The Sorrel Pharmaceuticals Corporation manufactures a variety of drugs that are marketed internationally. Inventories on May 31 and June 30 were as follows: May 31 June 30 Materials Inventory $354‚100 $327‚400 Work in Process Inventory 112‚600 116‚400 Finished Goods Inventory 138‚500 142‚800 Purchases of materials for June were $142‚600. Direct labor costs were incurred and computed on the basis of 27‚000 hours at $8 per hour. Actual overhead costs incurred
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Introduction to Cost and Management Accounting Lecturer: Nadini Persaud Contact Information: Email: nadini.persaud@cavehill.uwi.edu npersaud07@yahoo.com Office Location: Upstairs Main Library Tel: 417-4296 (DOMS General Office) 417-4297 (NP Office) March 2nd 2013 mid-term exam Contents Decision Making 3 Theory of Constraints 4 IMA Guidelines for Ethical Behavior 4 Competence 4 Confidentiality 5 Integrity 5 Credibility 5 Corporate Social Responsibility
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