Examlex
A production manager is evaluated based on the quantity of direct materials used in production.If the production line actually uses materials to produce 50,000 units when the master budget shows materials needed for 44,000 units,the manager's evaluation should be based on a flexible budget.
Globalization on Business
The impact of increasing global interconnectivity on business operations, including expanded markets, diversified supply chains, and increased competition.
Just-In-Time (JIT)
A supply chain management strategy that aims to reduce inventory costs by receiving goods only as they are needed in the production process.
Manufacturing Company
A company that produces finished goods from raw materials through the use of labor and machinery.
Performance Reports
Documents that compare actual performance with budgeted or planned performance in various areas of an organization.
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