A shopfloor solution to MRPII blues

Article Abstract:

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%.

Usage, Innovations, Information technology, Technology application, Information management, Production management, Computer-integrated manufacturing, Material requirements planning

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Administration orders: a constructive solution to insolvency

Article Abstract:

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.

Administrative acts, Great Britain

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Prior Wall Street Journal announcements of possible bankruptcy filings and price reactions to subsequent bankruptcy filings

Article Abstract:

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.

Business Failures

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