
The Measurement Nightmare
How the Theory of Constraints Can Resolve Conflicting Strategies, Policies, and Measures
Debra Smith(Author)
CRC Press
1st Edition
Published on 22. December 1999
Book
Hardback
208 pages
978-1-57444-246-5 (ISBN)
Shipment within 15-20 days
Description
Today's competitive environment requires that companies distinguish themselves in the marketplace using factors other than prices. Companies that excel at on-time delivery, short cycle/leadtime, quality, and fast response to the market gain a competitive edge - and have the ability to market based on these features.
A proven approach to achieve this is the Theory of Constraints (TOC) production solution known, as drum-buffer-rope scheduling. Just in time (JIT), Total Quality Management (TQM) and other philosophies aim at exploiting these competitive edge factors. However, accounting systems, financial, and incentive measurements continue to be the biggest stumbling blocks to companies wishing to improve their financial performance with these tools.
Agreement on the need for a measurement system that encourages local actions in line with bottom line results is common, but solutions have remained elusive. Whether a company is pursuing JIT, TQM, or TOC, cost accounting is the common enemy.
Attempts have been made to introduce "new" costing methods such as activity based costing and economic value added, but they have failed to recognize the basic difference between product costing for financial statement purposes and collective management information to make real time decisions.
The Measurement Nightmare shows you how to resolve the conflicts and remove the accounting systems, financial, and incentive measurement roadblocks to adopting TOC, thereby gaining improved performance and sustaining competitive advantage. The techniques that the author, leading authority Debra Smith, has implemented and tracked at various companies highlight "the productivity measurement nightmare". Especially important are the day-to-day tools she developed to ensure successful implementation.
A proven approach to achieve this is the Theory of Constraints (TOC) production solution known, as drum-buffer-rope scheduling. Just in time (JIT), Total Quality Management (TQM) and other philosophies aim at exploiting these competitive edge factors. However, accounting systems, financial, and incentive measurements continue to be the biggest stumbling blocks to companies wishing to improve their financial performance with these tools.
Agreement on the need for a measurement system that encourages local actions in line with bottom line results is common, but solutions have remained elusive. Whether a company is pursuing JIT, TQM, or TOC, cost accounting is the common enemy.
Attempts have been made to introduce "new" costing methods such as activity based costing and economic value added, but they have failed to recognize the basic difference between product costing for financial statement purposes and collective management information to make real time decisions.
The Measurement Nightmare shows you how to resolve the conflicts and remove the accounting systems, financial, and incentive measurement roadblocks to adopting TOC, thereby gaining improved performance and sustaining competitive advantage. The techniques that the author, leading authority Debra Smith, has implemented and tracked at various companies highlight "the productivity measurement nightmare". Especially important are the day-to-day tools she developed to ensure successful implementation.
More details
Language
English
Place of publication
Bosa Roca
United States
Publishing group
Taylor & Francis Inc
Target group
Professional and scholarly
Professional Practice & Development
Illustrations
8 s/w Tabellen
8 Tables, black and white
Dimensions
Height: 235 mm
Width: 157 mm
Thickness: 16 mm
Weight
462 gr
ISBN-13
978-1-57444-246-5 (9781574442465)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
New editions
Debra Smith
The Measurement Nightmare
How the Theory of Constraints Can Resolve Conflicting Strategies, Policies, and Measures, Second Edition
Book
02/2012
2nd Edition
CRC Press
€71.98
The article will not be published
Additional editions

Debra Smith
The Measurement Nightmare
How the Theory of Constraints Can Resolve Conflicting Strategies, Policies, and Measures
E-Book
12/1999
CRC Press
€100.99
Available for download

Debra Smith
The Measurement Nightmare
How the Theory of Constraints Can Resolve Conflicting Strategies, Policies, and Measures
E-Book
12/1999
1st Edition
CRC Press
€100.99
Available for download
Person
Debra Smith
Content
Unbelievable Decisions by Companies You Would Know if I Could Name Them, The Measurement Nightmare, Theory of Constraints: The Evolution of a Revolution, How We Got in This Accounting Measuring Mess, Drum-Buffer-Rope Basics and Predictable Implementation Effects, New Manufacturing Floor Measurements and Reporting, New Measures for Operations: Subordination, The Bridge Between Throughput Accounting and GAAP Financial Statements, Four Basic Strategic Decisions from a Theory of Constraints/Management Accounting Standpoint, Aligning Strategy in the Organization