2. Directing and Motivating: Oversea day to day and keep it moving
3. Controlling: Measuing performance, and comparing to what is planned
Delegation of decision making authority through out an organization.
Breaks decisions up so managers make decisions in their department.
Directly involed in basic objectives of the organization
Support and assist the line position
The US manager of the accounting department
They report to the CFO
Cheir Financial Officer
Responsible for providing timely and relevant data to support planning and control activities
Cheif Executive Officer
Sets broad strategies for company and makes major strategic decisions
Push to make as much as possible
Do not worry about what the sales are
End up having large inventories of all things
Materials waiting to be processed
These consist of direct and inderect.
All materials that are purchases
Work in Process
Partially completed products
Consists of raw materials, direct labor, manufacturing overhead
Completed but not yet sold
Lean Thinking Model
5 step process results in a Pull system
Reduce wasted effort
Just in Time Model
The work takes place just in time in the sense that raw materials are recieved by each manufacturing cell just in time to go into production. Products completed just in time to be shipped to the customers.
Theory of Constrants (TOC)
Constraint: aka bottleneck is anything that prevents you from getting more of what you want.
This is based off of observation that effectivly managing the constraint is key to success.
Improvement factors must be focused on the constraint
Process improvment method that relies on cusomer feedback and fact-based data gatherin and analysis techniques to drive process improvement.
Generates no more than 3.4 defects per million
DMAIC: Define, Measure, Analyze, Improve, and Control.
Code of Conducts
Competence: Continue schooling, perform according to law, be accurate
Cerfified Management Accountant
Given greateer responsiblities and higer compensation.
Raw materials that can be easily traced
Labor costs that easily be traced
Touch labor because it is the cost of workers who touch the product
Costs that cannot be traced directly
Anything needed to build the prduct that can not see on it