The key to real teamwork: understanding the numbers

Article Abstract:

Springfield Remanufacturing Corp (SRC) has adopted a participative management-based strategy for its manufacturing operations. Critical to the strategy is a training program that ensures that all employees, known as players, possess sufficient understanding of accounting information in order to effectively perform their functions in compliance with prescribed rules while keeping track of variances in their areas of production. The training program involves a goal-orientation program, an accounting education program, a planning process that will function as the preparatory step to the creation of a master budget, and actual involvement of players in weekly meetings on current accounting data. True employee involvement in SRC's finncial performance is further encouraged among employees through rewards and an employee stock ownership program.

Industrial machinery, not elsewhere classified, Methods, Accounting, Study and teaching, Employee training, Springfield Remanufacturing Corp.

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J.I. Case Company: performance measurement

Article Abstract:

Performance measurement systems are designed to assist the implementation of continuous improvement programs in a world-class manufacturing (WCM) environment. Five general categories of WCM measurements are: finance costs, flexibility, production process time, delivery, and quality. Performance measurements must be compiled into a report if they are to be useful to management. Effective reports should be timely and understandable to users. A WCM performance system used by J I Case Agricultural Equipment Group is presented to illustrate WCM planning.

Commercial physical research, Evaluation, Measurement, Industrial efficiency, Economic efficiency, Agricultural supplies industry, Production management, Agricultural equipment and supplies industry, Agricultural equipment industry, J.I. Case Co. Agricultural Equipment and Component Engineering

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Bundle monitoring of strategic projects

Article Abstract:

Caterpillar Inc's bundle monitoring system was devised to ensure that the firm could track the progress of its ambitious $1.5 billion plant modernization program. The bundle monitoring system provides valuable information that is used to improve decision making related to the plant modernization program. The monitoring system provides the information required by tracking the costs and benefits of the capital project on a regular basis and by auditing key areas such as cash flows, manpower costs and inventory management.

Industrial trucks and tractors, Truck industry, Accounting and auditing, Capital investments, Caterpillar Inc.

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