A goal of process value analysis (PVA) is to reduce nonvalue-adding activities. Outline a procedure a company could use to accomplish this goal
PVA details each step in the process from purchasing raw materials through inspecting the finished goods. Also analyze each process as value-adding or nonvalue-adding. With this information, a manager is able to reduce or eliminate nonvalue-adding activities and redirect their costs to value-adding activities, thereby improving customer satisfaction and profitability.
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Indirect expenses are subtracted from the total direct operating margin to calculate total operating income
a. True b. False Indicate whether the statement is true or false
Del Vecchio, the Italian entrepreneur's business principles include all but one of the following:
A) "Made in Italy" is important. B) cutting costs to keep production at home. C) investing in automation. D) hiring qualified personnel. E) investing in Robots, not workers.
Which type of nonprofit organization is permitted to lobby without limitation?
A. religious B. charitable C. social welfare D. private foundations
An investment should be accepted if ________.
A) it has positive total cash inflows B) it has a payback period in less than 10 years C) the investment's rate of return is lower than the company's current year required rate of return D) the net present value is positive