Activity: Work performed by people, equipment, technologies, or facilities. Activities are usually described by the action-verb-adjective-noun grammar convention. Activities may occur in a linked sequence and activity-to-activity assignments may exist. (1) In activity-based cost accounting, a task or activity, performed by or at a resource, required in producing the organization’s output of goods and services. A resource may be a person, machine, or facility. Activities are grouped into pools by type of activity and allocated to products. (2) In project management, an element of work on a project. It usually has an anticipated duration, anticipated cost, and expected resource requirements. Sometimes major activity is used for larger bodies of work.
Cumulative Source/Make Cycle Time: The cumulative internal and external lead time to manufacture shippable product, assuming that there is no inventory on hand, no materials or parts on order, and no prior forecasts existing with suppliers. (An element of Total Supply Chain Response Time) Calculation: The critical path along the following elements: Total Sourcing Lead Time, Manufacturing Order Release to Start Manufacturing, total Manufacture Cycle Time (Make to Order, Engineer to Order, Configure/Package to Order) or Manufacture Cycle Time (Make to Stock), Complete Manufacture to Ship Time. Note: Determined separately for Make-to-Order, Configure/Package-to-Order, Engineer-to-Order, and Make-to-Stock products.
05/18 SENDAK PASSES The brilliant author and illustrator Maurice Sendak passed away last week at the age of 83 but will no doubt be remembered for generations to come for his amazing books such as Where the Wild Things Are.
04/12 ZIMMERMAN FACES MURDER In a case we’ve been following closely there is finally what we think is some good news to report. George ZImmerman, the man accused of killing the innocent teenager Trayvon Martin has been taken into custody and charged with second degree murder. At last there is some justice.
12/16 HITCHENS DIES Outspoken author and pundit Christopher Hitchens passed away yesterday at the age of 62 after succombing to a long battle with cancer. His honest and bravado opinion that rarely favored one side versus the other but was instead often a cry for ‘reason’ will be missed.
11/23 BURZYNKSI CLINIC Is there an alternative, non-toxic treatment for cancer? Dr. Stanislaw R. Burzynski seems to think so and has been experiencing higher rate of success than the current accepted practice of treating cancer.