Today’s World: Lean Manufacturing Environments and Cost Management
S. A. Rehman Khan,
Yu Zhang,
Syed Shahid
Issue:
Volume 6, Issue 4, August 2017
Pages:
87-91
Received:
3 February 2017
Accepted:
23 February 2017
Published:
23 October 2017
Abstract: This paper will help to identify the interrelationship factor of cost management in lean production system. Standard overhead costs are sum up of expected direct labor & machine hours. In-fact major problem of cost is not direct labor or material, but the cost allocation. Before direct labor was a huge expense for the organizations, but now usually all works is done by robots and electronics instruments, so direct labor cost is almost less than 8% of the total costs. But in opposite side overhead cost is higher than before because extensive usage of machineries. As shown in Table 1 and 2, any changes in a product mix can mislead and extra addition any other product costs, if direct labor saving took for product B, so product A will bear extra cost of overhead because of changes in product B, in-fact no changes in product A process. The most advanced level in the lean production is “Four Wall” Transfer to finished products and vendor receipts. The control requirements of four walls are: Continuous product flow, short lead time and few scrap.
Abstract: This paper will help to identify the interrelationship factor of cost management in lean production system. Standard overhead costs are sum up of expected direct labor & machine hours. In-fact major problem of cost is not direct labor or material, but the cost allocation. Before direct labor was a huge expense for the organizations, but now usually...
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A Study on HR Analytics Transforming Human Resource Management
Asim Kumar Rajbhar,
Tarannum Khan,
Sudhakar Puskar
Issue:
Volume 6, Issue 4, August 2017
Pages:
92-96
Received:
19 July 2017
Accepted:
28 July 2017
Published:
28 November 2017
Abstract: Human resources have continually been the important asset of the organization. To have an aggressive aspect, employees ought to be handled as sources and accordingly with the aid of aligning human resource feature to the central business dreams, corporations can achieve achievement within the competitive marketplace. Human sources are always at the very center of the employer's fulfillment. HR analytic's performs a totally vital function in aligning the HR analytic’s with the general business strategy. HR analytics aids the HR managers to formulate the strategies which enable the corporation to benefit a top hand over its competitors. The papers analyze whether HR analytics is Transmuting the Human resource department and the HR managers. The study examines how HR Analytics facilitates the improvement of a group of workers overall performance in a corporation consequently growing the productiveness of the employees in turn growing revenue technology. The paper also consists of the case have a look at a technique which depicts HR analytics because of the slicing edge device for human useful resource management and not a mere hype.
Abstract: Human resources have continually been the important asset of the organization. To have an aggressive aspect, employees ought to be handled as sources and accordingly with the aid of aligning human resource feature to the central business dreams, corporations can achieve achievement within the competitive marketplace. Human sources are always at the...
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