The idea of a value-added tax (VAT) is a foreign concept to most Americans. That puts us in the minority, though:VAT, a multi-layered tax applied at each stage of the manufacturing and marketing process, is used inmore than 170 countries—including Canada, Mexico and just about all of ...
In addition to these waste types, lean manufacturing experts have proposed an eighth waste type called “unused talent or ingenuity,” which occurs when workers’ opinions aren’t taken into account when identifying waste types and improving manufacturing processes. Their feedback is important because ...
Usingcomputer aided design (CAD)or 3D object scanners, additive manufacturing allows for the creation of objects with precise geometric shapes. These are built layer by layer, as with a 3D printing process, which is in contrast to traditional manufacturing that often requires machining or other tec...
What is the Importance of Tolerance in Manufacturing? In high-frequency circuits, mismatched impedances between the source and load cause reflections and standing waves. As the distance from source to load increases, standing waves also cause impedance to ebb and flow. In addition, impedance ...
The ultimate result of a comprehensive and efficient Value Chain Analysis is improved profitability and tremendous overall success. Part 4: Value Chain used in what fields or areas Value Chain Analysis can be used in nearly all fields and industries including manufacturing (automobiles etc.), trade...
In addition to these waste types, lean manufacturing experts have proposed an eighth waste type called “unused talent or ingenuity,” which occurs when workers’ opinions aren’t taken into account when identifying waste types and improving manufacturing processes. Their feedback is important because...
To make sure everything is running as effectively as possible, throughput time essentially evaluates the entire manufacturing process. If there is a bottleneck in your system, you should locate it and resolve it. The following are some of the things a typical throughput time study considers: ...
Inventory valuation, as the name suggests, is the process by which retailers assign a monetary value to their inventory. This value is based on the cost of manufacturing and obtaining the items in stock, including anticipated discounts, taxes, and storage fees. This valuation is used for tax ...
in which only the immediate source of a part is considered for accounting, would result in errors. A TiVA accounting system creates a comprehensive dataset that can account for the value added to the device at each step of the manufacturing process. ...
The advantages of a VAT over a national sales tax lie in the ease of tracking and the fact that the exact tax levied at each step of production is known. Because VATs only tax each value addition—not the sale of a product itself—it eliminates thedouble taxationof goods and services. ...