value-added manufacturing

value-added manufacturing
A method of optimizing the efficiency of a process by eliminating any element that does not add value to the product or service.

Big dictionary of business and management. 2014.

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  • value added — is the risk adjusted return generated by an investment strategy: the return of the investment strategy minus the return of the benchmark. Bloomberg Financial Dictionary * * * Ⅰ. value added UK US (also value added) noun …   Financial and business terms

  • Value Added Tax in Madhya Pradesh — MADHYA PRADESH VALUE ADDED TAX ACTVAT Tax payable on value addition. Value Addition is not profit it is difference between sale prices and purchase price.METHODS OF CHARGING VAT1. Subtraction Method In this method tax is charged on difference of… …   Wikipedia

  • value-added tax — an excise tax based on the value added to a product at each stage of production or distribution: value added is arrived at by subtracting from the total value of the product at the end of each production or distibution stage the value of the… …   Universalium

  • Value-added network — VANs are public networks that add value to the basic communication provided by common carriers by offering specialized services such as access to commercial data bases,E mail and video conferencing. BSNL broadband is an example of a VAN. VANs… …   Wikipedia

  • value-added — adjective Date: 1935 of, relating to, or being a product whose value has been increased especially by special manufacturing, marketing, or processing < value added goods > …   New Collegiate Dictionary

  • Value-Added Network - VAN — A private network used by a company primarily for routing, storing and delivering electronic data interchange (EDI) messages. A value added network (VAN) also provides other services such as message encryption, retransmission and support. VANs… …   Investment dictionary

  • value added — noun : the value added to or created in a product or commodity by the manufacturing or marketing process exclusive of the cost of materials, supplies, packaging, or overhead …   Useful english dictionary

  • Value added by manufacture —   A measure of manufacturing activity that is derived by subtracting the cost of materials (which covers materials, supplies, containers, fuel, purchased electricity, and contract work) from the value of shipments. This difference is then… …   Energy terms

  • No value added — (NVA) is a management term loosely related to the Lean Manufacturing movement as codified in the 1980s by a landmark MIT study[1] of the automobile industry, which explained lean production for the first time. No Value Added programs can be… …   Wikipedia

  • Value network analysis — is a methodology for understanding, using, visualizing, optimizing internal and external value networks and complex economic ecosystems. The methods include visualizing sets of relationships from a dynamic whole systems perspective. Robust… …   Wikipedia

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