Methods Engineering - for Accountants !
UTILIZING METHODS ENGINEERING TO ACHIEVE MAXIMUM PERFORMANCE ON YOUR RECEIVABLES.
DEFINITION OF “METHODS ENGINEERING”
A technique used by progressive management to improve productivity, reduce costs and improve profits. It can be defined as:
The systematic procedure for subjecting all direct and indirect operations to close scrutiny in order to introduce improvements that will make work easier to perform and will allow work to be done smoother in less time, and with less energy, effort, and fatigue with less investment per unit.
This applies as much to Receivables Management as it does to anything else.
Methods engineering includes five activities: planning, methods study, standardization, work measurement, and controls.
1 - Planning, first identifies the amount of time that should be spent on a procedure.
2 - Through methods study, methods are improved by observing what is currently being done
and then by developing better ways of doing it.
3 - The standardization phase includes the training of the employee to follow the standard
method.
4 - Then the number of standard hours in which employee working with standard
performances can do their job is determined by measurement.
5 - Finally, the established method is periodically audited, and various management controls are adjusted with the new time data.
The system may include a plan for compensating employees that encourages attaining or surpassing a standard performance.
Objective:
TO DEPLOY PROVEN METHODS ENGINEERING TO THE ACCOUNTS RECEIVABLE PORTFOLIO.
The Result:
MUCH GREATER CONTROL OVER RECEIVABLES MANAGEMENT, WHILE DRAMATICALLY CUTTING ANNUAL COSTS AND WRITE-OFFS.
DEFINITION OF “METHODS ENGINEERING”
A technique used by progressive management to improve productivity, reduce costs and improve profits. It can be defined as:
The systematic procedure for subjecting all direct and indirect operations to close scrutiny in order to introduce improvements that will make work easier to perform and will allow work to be done smoother in less time, and with less energy, effort, and fatigue with less investment per unit.
This applies as much to Receivables Management as it does to anything else.
Methods engineering includes five activities: planning, methods study, standardization, work measurement, and controls.
1 - Planning, first identifies the amount of time that should be spent on a procedure.
2 - Through methods study, methods are improved by observing what is currently being done
and then by developing better ways of doing it.
3 - The standardization phase includes the training of the employee to follow the standard
method.
4 - Then the number of standard hours in which employee working with standard
performances can do their job is determined by measurement.
5 - Finally, the established method is periodically audited, and various management controls are adjusted with the new time data.
The system may include a plan for compensating employees that encourages attaining or surpassing a standard performance.
Objective:
TO DEPLOY PROVEN METHODS ENGINEERING TO THE ACCOUNTS RECEIVABLE PORTFOLIO.
The Result:
MUCH GREATER CONTROL OVER RECEIVABLES MANAGEMENT, WHILE DRAMATICALLY CUTTING ANNUAL COSTS AND WRITE-OFFS.