Cost Accounting - LeanProduction&SixSigma 1...

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ASA UNIVERSITY BANGLADESH Course Title: Cost Accounting Course Code: ACC-201 Individual Assignment- 1 On Cost Accounting. Submitted to: Mohammad Nazrul Islam Lecturer, Accounting Faculty of Business , ASA University Bangladesh . Submitted by     :   Abdullah Al Arefin.           ID: 081-12- 0145 7:03 a2/p2 2/27/2011 1
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             BBA  3 rd  Batch, Section- D                  Date: February 1 st , 2009. Table of Contents        Lean Production 3-13 Lean Enterprise 3 A Brief History of Lean 3-5 Principles of Lean 6-8 Common Lean Questions 9-13 Lean services 13      Six Sigma       14-22 7:03 a2/p2 2/27/2011 2
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Six Sigma 14 Historical overview 15 Six Sigma Methodologies 16-17 Role of the 1.5 sigma shift 17 Origin and meaning of the term "six sigma process" 17-18 Sigma levels 18 Methods 18-19 Reception 19-20 Criticism of the 1.5 sigma shift 21 Bibliography 22 Lean Production Lean Enterprise A business system for organizing and managing product development, operations, suppliers, and customer relations. Business and other organizations use lean principles, practices, and tools to create precise customer value—goods and services with higher quality and fewer defects—with less human effort, less space, less capital, and less time than the traditional system of mass production. Many of the key principles were pioneered by Henry Ford, who was the first person to integrate an entire production system, under what he termed “flow production." Following World War II, the Toyota Motor Company adapted Ford’s 7:03 a2/p2 2/27/2011 3
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principles as a means of compensating for its challenge of limited human, financial, and material resources. The Toyota Production System (or TPS), which evolved from this need, was one of the first managerial systems using lean principles throughout the enterprise to produce a wide variety of products at lower volumes and many fewer defects than competitors. Leaders today in a wide range of industries, nonprofit organizations, government agencies, healthcare, and other areas are finding ways to apply the principles of lean as a means of producing goods and delivering services that creates value for the customer with the minimum amount of waste and the maximum degree of quality. A Brief History of Lean Although there are instances of rigorous process thinking in manufacturing all the way back to the Arsenal in Venice in the 1450s, the first person to truly integrate an entire production process was Henry Ford. At Highland Park, MI, in 1913 he married consistently interchangeable parts with standard work and moving conveyance to create what he called flow production. The public grasped this in the dramatic form of the moving assembly line, but from the standpoint of the manufacturing engineer the
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Cost Accounting - LeanProduction&SixSigma 1...

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