Tag Archives: Just-in-time

Overview of Management Accounting Techniques (Published)

In every organization, management must plan, organize, guide, motivate, evaluate and control. The main role of management accounting is to support managers inside the organization in forecasting as well as monitoring the present and past performance, measures and reports financial and non-financial information as well as other types of information on the monthly basis or more frequent depending on organization in the relevance for specific management decisions and control system, that are intended primarily to assist managers in fulfilling the goals of the organization. In this paper, the researcher aims to review some of the modern management accounting techniques, their definitions, process, advantages, and benefits.   

 

Keywords: Accounting, Activity Based Costing, Balanced Scorecard., Budgeting, Just-in-time

EFFECTS OF LEAN PRODUCTION ON ORGANIZATIONAL PERFORMANCE: A CASE STUDY OF FLOUR PRODUCING COMPANY IN KENYA (Published)

Global competition in business has forced most production sectors to realign their strategies to achieve competitive advantage. In flour producing companies in Kenya, the problem of broad production has been in place and as advanced technology takes its roots in Africa, there has been an increasing demand for quality output by the industry; which can be achieved by effective adoption of various production systems. The paper sought to assess the effects of lean production on organizational performance. The study was designed determine the elements of lean production, effect of lean production systems on product quality, strategies for waste reduction and the challenges of adopting lean production. The study adopted a descriptive research design. Data The study found out improving management style and involving all employees at all levels, as well as better inventory management leads to a more efficient practice of lean production. Material management and physical distribution are positively related and are therefore critical determinants of successful lean production practice within the organization. With a response rate of 75% the study concluded firms should adopt the use of lean production system as a means to improved performance.

Keywords: Inventory Management System, Just-in-time, Lean Production System, Organizational Performance, Total Quality Management

SUPPLY CHAIN MANAGEMENT AND COMPLETION OF PETROLEUM PROJECTS IN NIGERIA (Published)

Projects are executed for several reasons. The elements of risk and uncertainty inherent in virtually all projects explain why the project characteristics like duration, cost and quality cannot be precisely predicted. These risks, uncertainty and other factors are responsible for the delays or even abandonment of several projects for which Nigeria is notorious. Procurement of goods and services is a crucial determinant of whether or not a project will be completed. With the Nigerian Petroleum Development Company as case study, this paper examined how project completion depends on supply chain management, of which procurement is an essential subset and proxy. The study was questionnaire-driven, and the Statistical Package of the Social Sciences was used to analyse the results vide chi square test, correlation and cross-tabulation. The research found that strict adherence to SCM practices, will facilitate prompt completion of petroleum projects with its attendant benefits to the stakeholders

Keywords: Completion, Just-in-time, Nigeria, Petroleum project, Procurement, Supply chain management

EFFECTS OF LEAN PRODUCTION ON ORGANIZATIONAL PERFORMANCE: A CASE STUDY OF FLOUR PRODUCING COMPANY IN KENYA. (Review Completed - Accepted)

In flour producing companies in Kenya, the problem of broad production has been in place and there is an increasing demand for quality output by the industry; which can be achieved by effective adoption of various production systems. The paper sought to assess the effects of lean production on organizational performance. The study was designed determine the elements of lean production, effect of lean production systems on product quality, strategies for waste reduction and the challenges of adopting lean production. The study found improving management style and involving all employees as well as better inventory management leads to a more efficient practice of lean production. Material management and physical distribution are positively related and are therefore critical determinants of successful lean production practice within the organization. With a response rate of 75% the study concluded firms should adopt the use of lean production system as a means to improved performance

Keywords: Just-in-time, Lean Production, Organizational Performance, Total Quality Management