Critique Of Traditional Accounting Performance Measures

Introduction Over the past couple of decades manufacturers have approach both increasing technological innovation and competitive markets (Zoysa & Herath, 2007). Companies raise that in order to compete success repletey they had to produce high quality, sophisticated products at a low cost and art object as well as providing excellent customer benefit (Drury, 1996). Advanced manufacturing technologies (AMTs) atomic number 18 revolutionising the way of life products are manufactured, particularly in what are termed World affiliate Manufacturers (WCM) (Lucey, 2003). It has been argued by a number of academics, industrialists and consultants, including Kaplan, that traditional management account statement systems are inappropriate and misleading for firms using AMTs. Before aspect at claimed deficiencies of management accounting in detail we mustiness valuate the main elements of AMT (Lucey, 2003). Evaluation of AMTs 350 quarrel 84 words over Faced with the increase d global competition a number of AMTs have been developed; Computer moderate Systems- CAD, CAM, CIM, CAE and FMS Production Manufacturing Strategies Materials Requirement and Resource Planning Systems (MRP & MRP II) , Just in Time (JIT), Synchronous Manufacturing and Optimised Production Technology (OPT) (Lucey, 2003; Elanchezhian et al, 2007) Computer care systems enable options in product creation, modification or reasonableness psychology to be efficiently considered at minimal cost. in that location is the office to re-programme the translation of design for manufacturing instructions for numerically controlled machines, which svelte downs set-up time (Krouse, 1982). FMS is exposed of producing a family of parts in a flexible manner. CAE enables designers to reduce build- test- rebuild retest cycles (Tempelmeier & Kuhn, 1993). MRP maximises efficiency by the measure of orders. It avoids the costs of rush along orders and allows for the reduction in origin (Lucey, 2003; Muller, 2002). MRP II assists ! management in devising a yield plan which can be adjusted as demand...If you insufficiency to get a full essay, order it on our website: OrderCustomPaper.com

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