A shopfloor solution to MRPII blues
Material requirements planning (MRPII) systems are failure-prone as they utilize centralized information technology (IT) platforms to achieve company-wide systems integration. The bottlenecks in data processing are due to the MRPII system's inability to reflect shopfloor realities. An alternative approach to MRPII implementation is distributed manufacturing resource planning (DMRP), a cellular manufacturing-based philosophy of manufacturing management. Cellular manufacturing environments organize factories into autonomous cells which concentrate on manufacturing products with similar production processes. This bottom-up planning process can effectively utilize any MRPII system and has been proven to reduce work in progress by up to 80% and can reduce manufacturing lead times by as much as 70%.
Publication Name: Accountancy
Administration orders: a constructive solution to insolvency
Great Britain's Insolvency Act 1986 introduced the practice of Administrative Orders. Section 8 of the Act allows insolvent firms to remain a going concern, permits the approval of voluntary arrangements, and fosters an improved realization of corporate assets. Administrative orders offer certain advantages not found with receiverships: no resolution can be passed or order made for 'winding up' the firm, steps may not be taken to enforce any security over the firm's property, and no additional proceeding or execution of other legal process can be engaged or continued except by court permission.
Publication Name: The Accountant's Magazine
Prior Wall Street Journal announcements of possible bankruptcy filings and price reactions to subsequent bankruptcy filings
The effect of Wall Street Journal publication of potential bankruptcy filings on share price responses to succeeding bankruptcy filings for 336 companies that filed for bankruptcy in 1980-1993 was investigated. Findings showed that previous announcements of possible bankruptcy filings raise the markets a priori evaluation of companies' possible bankruptcy. This diminishes the surprise in succeeding bankruptcy filings. Hence, smaller price responses are observed where previous announcements have been made on possible bankruptcy.
Publication Name: Journal of Business Finance and Accounting
- Abstracts: Inflation & tax rates; their effect on financial planning and the real cost of debt. Why Latin America's debt burdens the U.S
- Abstracts: An analysis of scanning postures among grocery cashiers and its relationship to checkstand design. Aerobic capacity of urban women homemakers in Bombay
- Abstracts: The Ergonomic Solution to the VDT Syndrome. Splashing in the gene pool: new paintings by Alexis Rockman present a natural history of the future
- Abstracts: High concept, low blow. A comparative analysis of the market model and the multiple-factor market model. Total factor productivity - a misleading concept
- Abstracts: Gauging success of litigation cost recovery from IRS. Optimal disbursement of a sunk resource and decentralised cost allocation