by Lea Strickland | Apr 2, 2011 | Glossary
Strategy can be thought of as the creation of a unique combination of activities that create a valuable postion. The business model is a reflection of an organization’s strategy.
by Lea Strickland | Apr 2, 2011 | Entity, Glossary
A business model may be defined as the set of choices and the consequences of those choices. The organization may choose one legal or tax entity option versus another not fully realizing the attributes and disadvantages associated with their choice. They make the...
by Lea Strickland | Apr 2, 2011 | Glossary
Policies refer to the course of actions and decisions made by the organization regarding all aspects of the operation. Policies include strategic planning and goals, finanical reporting and controls, and other critical business systems.
by Lea Strickland | Mar 16, 2011 | Glossary
A conceptual framework that a “rope” links thee first operation in a process to the slowest machine/operation (the bottleneck/constraint) in the process; this creates a gap in the process in front of the bottleneck/constraint resource for a buffer to...
by Lea Strickland | Mar 16, 2011 | Glossary
The aspects of the system that are to be measured for determining a performance; two kinds; failure to do things that were supposed to be done and doing things that weren’t supposed to be done.
by Lea Strickland | Mar 16, 2011 | Glossary
The operating expenses over which the local area has full control; no allocated costs are included in the measure; requires creation of a “plant central” department for accumulation of costs at the plant level that are not controllable at department...
