September PDM – Theory Of Constraints and its Implications for Master Scheduling

Theory Of Constraints and its Implications for Master Scheduling

What we measure and how we measure it support decisions to drive reported business results! Is “making money” the same thing as showing a “profit” on the income statement? When are costs incurred and when and how are they recognized? What costs are relatively fixed and what costs vary with production? When and for how long is an expense or cost an asset? Can we show a “profit” when both cash and receivables are down? (Can profits go up when inventory increases and down when inventory decreases?) What does a setup actually cost – almost nothing or a fortune in delayed revenue? Is my GAAP accounting information useful for making tactical decisions like lot sizes and for make-or-buy decisions? This presentation will address these questions and challenge a lot of long held assumptions. At the end you will be better prepared to help your company make better decisions that improve “cash flow” and make money too. Bring your questions and we will discover answers together!

https://apics-danbury.org/meetinginfo.php?id=55&ts=1595368497