Critique Of Traditional Accounting Performance Measures

Introduction Over the past couple of decades manufacturers have face both increasing technological innovation and competitive markets (Zoysa & Herath, 2007). Companies embed that in order to compete success repletey they had to produce extravagantly quality, sophisticated products at a low cost and epoch as well as providing excellent customer dish out (Drury, 1996). Advanced manufacturing technologies (AMTs) atomic number 18 revolutionising the way of life products are manufactured, especially 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 survey the main elements of AMT (Lucey, 2003).

Evaluation of AMTs 350 linguistic process 84 words over Faced with the increased global competition a number of AMTs have been developed; Computer obligate 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 servicing systems enable options in product creation, modification or insight psychology to be efficiently considered at minimal cost. in that respect is the office to re-programme the translation of design for manufacturing instructions for numeri cally controlled machines, which dilute do! wns 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 memorial (Lucey, 2003; Muller, 2002). MRP II assists management in devising a achievement plan which can be adjusted as demand...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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