Why does just-in-time require total quality management?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
Just in time JIT is a production strategy that focuses to improve a return on investment ...View the full answer
Answered By
Dinesh F
I have over 3 years of professional experience as an assignment tutor, and 1 year as a tutor trainee.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting An Introduction to Concepts Methods and Uses
ISBN: 978-0324639766
10th Edition
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
Question Posted:
Students also viewed these Managerial Accounting questions
-
Total Quality Management (TQM) addresses organizational quality from managerial and philosophical viewpoints. It focuses on customer-driven quality standards, managerial leadership, continuous...
-
Quality Management (TQM) and Six Sigma use a number of common tools for problem-solving and process improvement. Many of these tools have been in use for many years in various quality improvement...
-
Why is the customer focus of quality management so important in a small firm? Why can be done to ensure that the quality of a small ventures products or services remains high?
-
Many auditors consider the substantiation of the figure for inventory to be a more difficult and challenging task than the verification of most other items on the balance sheet. List several specific...
-
Give the values of the quantum numbers associated with the following orbitals: (a) 2 p, (b) 3 s, (c) 5 d.
-
The stock of Nogro Corporation is currently selling for $20 per share. Earnings per share in the coming year are expected to be $3.00. The company has a policy of paying out 50% of its earnings each...
-
How do cost-management analysts anticipate and resolve potential conflicts between jointproduct and process decision making and external reporting?
-
Summary operating data for Eco-Windows Company during the current year ended June 30, 20Y6, are as follows: cost of merchandise sold, $3,800,000; administrative expenses, $1,200,000; interest...
-
You are considering an investment with the following cash flows. If the required rate of return for this investment is 11%, should you accept it based solely on the internal rate of return rule? Why...
-
Sunn Co. manufactures a single product that sells for $180 per unit and whose variable costs are $135 per unit. The companys annual fixed costs are $562,500. 1. Prepare a contribution margin income...
-
What are the two costs of failing to control quality?
-
Why is time important in a competitive environment?
-
What effect does the identification of individually significant logical units have on the size of the recorded amount population for MUS?
-
What makes a set of objects a vector space? You will no doubt want to refer to notes and the text, but I'd like you to summarize it for starters. If you have identified a vector space, for example...
-
Walla Walla Company is in its planning stage for next year. Walla Walla expects a big Quarter 3 and is creating a production budget to determine if it needs to hire more employees. Walla Walla knows...
-
Task: P9 P9a P9b P9c P9d Describe the principles and applications of electromagnetic induction Describe using a series of bullet point statements, how transformers work and how their operation...
-
Based on the given information, analyse company's financial health and provide future projections. Unit FY16 FY17 FY18 FY19 Sales Rs. Cr 134 245 371 1,159 PAT Rs. Cr (281) (585) (78) (571) Assets Rs....
-
OBJECTIVE QUESTIONS 1. In each of the following only one statement/item is correct. State which. (i) Financial Accounting helps in (a) ascertaining the financial position of the concerned firm, (b)...
-
The five organizational parts of an organization as described by Mintzberg.
-
The swap spread is the difference between the swap rate and the equivalent-maturity Treasury bond yield. Explain why a widening swap spread may be a signal of deteriorating economic conditions. Plot...
-
List and explain the five fundamental ethical principles in the code of professional conduct for professional accounting bodies.
-
List eight key activities performed at this company. Choose at least one activity in the areas of production, sales, human resources, and accounting.
-
Listed below are several terms. Complete the following statements with one of these terms. You may use a term more than once, and some terms may not be used at all. a. ________________ are incurred...
-
Refer to the Mission Data Set. 1. Compute Missions indirect cost allocation rate. 2. Compute the total costs assigned to the Webb and Greg engagements. 3. Compute the operating income from the Webb...
-
Vaughn Company sells two types of pumps. One is large and is for commercial use. The other is smaller and is used in residential swimming pools. The following inventory data is available for the...
-
To fund your dream around-the-world vacation, you plan to save $1,300 per year for the next 14 years starting one year from now. If you can earn an interest rate of 5.83 percent, how much will you...
-
On NSE (Indian stock exchange), shares of ICICI Bank trade for 935 rupees. If the spot exchange rate is USD 0.012, what is the no-arbitrage USD price of ICICI Bank ADR? Assume that transactions costs...
Study smarter with the SolutionInn App