JIT and the Balanced Scorecard: linking manufacturing control to management control

Article Abstract:

Manufacturers can improve their effectiveness by linking just-in-time (JIT) philosophy with the concept of the Balanced Scorecard. The JIT environment can be improved through this approach because the Balanced Scorecard looks at the historical as well as the current and future operations of a company, measures value creation, and identifies factors critical to organizational success. Moreover, it not only measures but also communicates, offers feedback, facilitates learning and keeps strategic objectives aligned with day-to-day operational control. JIT metrics that may be assessed through the Balanced Scorecard are in the areas of process, workforce and supplier relationships, although other variables may also be examined, depending on the unique circumstances of the manufacturer. Management accountants should consider the benefits of the Balanced Scorecard in their management control activities.

Management, Measurement, Industrial productivity, Just in time inventory systems, Just in time systems

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The next generation: A world forecast for the year 2020

Article Abstract:

Issues concerning forecasts related to economic and demographic situation in 2020 are discussed. It is predicted that by 2020 the global population will have grown to 8.3 billion and that there will be problems created by illegal immigration and pollution.

Cases, Forecasts and trends, Economic forecasting, Cost and standard of living, Cost of living

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