- published: 21 Nov 2017
- views: 126351
Value added
In business, the difference between the sale price and the production cost of a product is the unit profit. In economics, the sum of the unit profit, the unit depreciation cost, and the unit labor cost is the unit value added. Summing value added per unit over all units sold is total value added. Total value added is equivalent to revenue less outside purchases (of materials and services). Value added is a higher portion of revenue for integrated companies, e.g., manufacturing companies, and a lower portion of revenue for less integrated companies, e.g., retail companies. Total value added is very closely approximated by total labor expense (including wages, salaries, and benefits) plus "cash" operating profit (defined as operating profit plus depreciation expense, i.e., operating profit before depreciation). The first component (total labor expense) is a return to labor and the second component (operating profit before depreciation) is a return to capital (including capital goods, land, and other property). In national accounts used in macroeconomics, it refers to the contribution of the factors of production, i.e., capital (e.g., land and capital goods) and labor, to raising the value of a product and corresponds to the incomes received by the owners of these factors. The national value added is shared between capital and labor (as the factors of production), and this sharing gives rise to issues of distribution.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Value_added
Value-added (disambiguation)
Value added is offering additional features with goods or services.
Value added may also refer to:
- Value-Added Producer Grants, a US program to promote the development and marketing of value-added agricultural products
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Value-added_(disambiguation)
Podcasts:
-
Value added approach to calculating GDP | AP Macroeconomics | Khan Academy
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/economic-iondicators-and-the-business-cycle/21/v/value-added-approach-to-calculating-gdp-macroeconomics-khan-academy In this video we learn how a nation's GDP can be calculated by summing up the value added by all the intermediate producers in a nation. View more lessons or practice this subject at http://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/economic-iondicators-and-the-business-cycle/21/v/value-added-approach-to-calculating-gdp-macroeconomics-khan-academy?utm_source=youtube&utm_medium=desc&utm_campaign=apmacroeconomics AP Macroeconomics on Khan Academy: Welcome to Economics! In this lesson we'll d...
published: 21 Nov 2017 -
Calculating Value Added
published: 14 Feb 2018 -
Economic Value Added EVA
Economic Value Added explained! What does Economic Value Added mean? How to calculate Economic Value Added? Let’s introduce Economic Value Added step-by-step. Start with understanding the context first, and then get into the details of the calculation, including an example. ⏱️TIMESTAMPS⏱️ 0:00 Introduction to Economic Value Added EVA 1:06 Accounting profit versus economic profit 1:49 ROIC vs WACC 2:26 Economic Value Added formula 3:24 Economic Value Added example 4:58 How to improve Economic Value Added EVA To understand the need for a concept like Economic Value Added, let’s look at some profitability numbers. Which of these companies has the best profitability performance for the year? Exxon Mobil with a net income of $14B? Facebook with a net income of $18B? Johnson & Johnson with a n...
published: 20 Feb 2020 -
What is Value in Lean? Value Added vs. Non-Value Added Work
Lean manufacturing focuses on delivering VALUE by eliminating WASTE... but how does lean define "value?" Discover the difference between value and waste through our time-lapse video of a real manufacturing assembly process. "Over 90% of any process is waste!" --- find out why in this video! ★ VISIT THE LEAN SMARTS ACADEMY ★ To learn more about this video and the course Learning to See: Waste, visit the Lean Smarts Academy here: https://leansmarts.com/ → START A FREE TRIAL ← Find out how the Lean Smarts Academy can help you grow people and become world-class here: https://academy.leansmarts.com/
published: 14 Oct 2020 -
Value added analysis | Value added process vs Non value added | Value Added vs Non Value added Lean
Value added analysis | Value added process vs Non value added | Value Added vs Non Value added Lean. This video talks about what is Value added analysis and from customer value add perspective with difference between Value Added and Non-Value Added to eliminate MUDA from process. 🎥 𝐒𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞 𝐦𝐲 𝐘𝐨𝐮𝐓𝐮𝐛𝐞 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 : http://www.youtube.com/DigitalELearning 📹 𝐁𝐞𝐬𝐭 𝐋𝐞𝐚𝐧 𝐒𝐢𝐱 𝐬𝐢𝐠𝐦𝐚 & 𝐐𝐮𝐚𝐥𝐢𝐭𝐲 𝐓𝐨𝐨𝐥𝐬 𝐕𝐢𝐝𝐞𝐨𝐬 -------------------------------------------------------------------------------- 🎬 Lean Manufacturing : https://youtu.be/LU4xm3ykHGk 🎬 Lean Vs Six Sigma : https://youtu.be/1_O3twOEzik 🎬 Value Stream Mapping : https://youtu.be/5nu136dxSK0 🎬 Quality Function Deployment : https://youtu.be/Z14MySJQgPs 🎬 Six Sigma (6 Sigma) : https://youtu.be/Y-pJhUN4cqc 🎬 8 Lean Manufacturing wastes: https...
published: 18 Jun 2021 -
What is Added Value - IGCSE Business Studies
Visit http://www.sensebusiness.co.uk for Mock Exams and Lots of useful information. These Books will help you get High Grades: My book: https://amzn.to/2IyrNGO GCSE business Book: https://amzn.to/2E6Io2L GCSE business revision: https://amzn.to/2OIFeq7 Please note: buying one or more of the above books will help me a lot in spending more time to create useful video for you in the future. Don’t forget to like, subscribe, share and visit my website. #GCSEBusiness #sensebusinessstudies #BusinessStudies
published: 20 Jan 2020 -
Added Value | 5 ways a business can add value
Watch this video if you want to learn the different ways businesses add value to their products or services. SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1 A free supporting activity worksheet is available to download on the following link: https://www.twoteachers.co.uk/addedvalue// If you are interested in business, then subscribe to our YouTube Channel for lots more Business related content. Videos are uploaded weekly, so why not learn everything there is to know about the world of business: http://www.youtube.com/c/TwoTeachers Follow us on the following socials to see even more Business content: Instagram: https://www.instagram.com/twoteachersbusiness Facebook: https://www.facebook.com/TwoTeachersBusiness Twitter: https://twitter.com/TwoTeachersBiz #addedv...
published: 28 Feb 2022 -
Value Added Activities
A Short description of Value-Added, Non Value-Added and Waste activities, a basic concept of Lean Manufacturing. And how the Cost, Profit and Selling Price equation has changed over the time (Funny, it still looks the same from a mathematics point of view). Characters 'Design by Freepik / Pikisuperstar'
published: 10 May 2022 -
Add value to your property with trees! Which trees to plant in SA & how to care for them
They do more than add shade. Trees can keep your home cool in the summer, warm in the winter and they add value to your property. The Garden Center breaks down which trees to plant in South Texas and how to make sure they last.
published: 31 Jul 2024 -
IGCSE Business Studies | Added Value, the importance of it, and how it can be increased
This topic was questioned in question no: 1a qp1 O/N 18/12 1e qp1 M/J 19/12 1b qp2 F/M 17/22 2a qp2 O/N 17/22 1a qp2 O/N 19/22 2a qp2 F/M 21/22
published: 21 Jan 2022
developed with YouTube
5:15
Value added approach to calculating GDP | AP Macroeconomics | Khan Academy
- Order: Reorder
- Duration: 5:15
- Uploaded Date: 21 Nov 2017
- views: 126351
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/ap-macroecono...
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/economic-iondicators-and-the-business-cycle/21/v/value-added-approach-to-calculating-gdp-macroeconomics-khan-academy
In this video we learn how a nation's GDP can be calculated by summing up the value added by all the intermediate producers in a nation.
View more lessons or practice this subject at http://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/economic-iondicators-and-the-business-cycle/21/v/value-added-approach-to-calculating-gdp-macroeconomics-khan-academy?utm_source=youtube&utm_medium=desc&utm_campaign=apmacroeconomics
AP Macroeconomics on Khan Academy: Welcome to Economics! In this lesson we'll define Economic and introduce some of the fundamental tools and perspectives economists use to understand the world around us!
Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We offer quizzes, questions, instructional videos, and articles on a range of academic subjects, including math, biology, chemistry, physics, history, economics, finance, grammar, preschool learning, and more. We provide teachers with tools and data so they can help their students develop the skills, habits, and mindsets for success in school and beyond. Khan Academy has been translated into dozens of languages, and 15 million people around the globe learn on Khan Academy every month. As a 501(c)(3) nonprofit organization, we would love your help! Donate or volunteer today!
Donate here: https://www.khanacademy.org/donate?utm_source=youtube&utm_medium=desc
Volunteer here: https://www.khanacademy.org/contribute?utm_source=youtube&utm_medium=desc
https://wn.com/Value_Added_Approach_To_Calculating_Gdp_|_Ap_Macroeconomics_|_Khan_Academy
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/economic-iondicators-and-the-business-cycle/21/v/value-added-approach-to-calculating-gdp-macroeconomics-khan-academy
In this video we learn how a nation's GDP can be calculated by summing up the value added by all the intermediate producers in a nation.
View more lessons or practice this subject at http://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/economic-iondicators-and-the-business-cycle/21/v/value-added-approach-to-calculating-gdp-macroeconomics-khan-academy?utm_source=youtube&utm_medium=desc&utm_campaign=apmacroeconomics
AP Macroeconomics on Khan Academy: Welcome to Economics! In this lesson we'll define Economic and introduce some of the fundamental tools and perspectives economists use to understand the world around us!
Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We offer quizzes, questions, instructional videos, and articles on a range of academic subjects, including math, biology, chemistry, physics, history, economics, finance, grammar, preschool learning, and more. We provide teachers with tools and data so they can help their students develop the skills, habits, and mindsets for success in school and beyond. Khan Academy has been translated into dozens of languages, and 15 million people around the globe learn on Khan Academy every month. As a 501(c)(3) nonprofit organization, we would love your help! Donate or volunteer today!
Donate here: https://www.khanacademy.org/donate?utm_source=youtube&utm_medium=desc
Volunteer here: https://www.khanacademy.org/contribute?utm_source=youtube&utm_medium=desc
2:49
Calculating Value Added
- Order: Reorder
- Duration: 2:49
- Uploaded Date: 14 Feb 2018
- views: 9470
- published: 14 Feb 2018
- views: 9470
6:05
Economic Value Added EVA
- Order: Reorder
- Duration: 6:05
- Uploaded Date: 20 Feb 2020
- views: 105191
Economic Value Added explained! What does Economic Value Added mean? How to calculate Economic Value Added? Let’s introduce Economic Value Added step-by-step. S...
Economic Value Added explained! What does Economic Value Added mean? How to calculate Economic Value Added? Let’s introduce Economic Value Added step-by-step. Start with understanding the context first, and then get into the details of the calculation, including an example.
⏱️TIMESTAMPS⏱️
0:00 Introduction to Economic Value Added EVA
1:06 Accounting profit versus economic profit
1:49 ROIC vs WACC
2:26 Economic Value Added formula
3:24 Economic Value Added example
4:58 How to improve Economic Value Added EVA
To understand the need for a concept like Economic Value Added, let’s look at some profitability numbers. Which of these companies has the best profitability performance for the year? Exxon Mobil with a net income of $14B? Facebook with a net income of $18B? Johnson & Johnson with a net income of $15B? Or Walmart with a net income of $15B? Which one would you vote for?
I would imagine that most of you voted for the company with the highest net income number. The higher the net income, the better the financial performance, right? Not necessarily, it depends on how you look at it.
You can either look at a company from the perspective of accounting profit, or from the perspective of economic profit, and there are ways to convert numbers from one perspective to the other. With accounting profit, you look at metrics like GAAP-based net income. With economic profit, you look at the returns generated above the required rate of return. Economic profit is the “tougher” way to measure, it sets the bar higher. Economic Value Added is one of the ways to measure economic profit, and was developed and copyrighted by Stern Stewart and Company.
If you analyze the performance of a company from the economic profit perspective, you can choose between two approaches. The first one is comparing ratios. For example, ROIC (Return On Invested Capital) versus WACC (Weighted Average Cost of Capital). ROIC represents the returns generated, WACC represents the required rate of return. If ROIC is 12%, and WACC is 8%, then a company creates value. Only returns that exceed the required rate of return are good enough! The second approach is to adjust absolute amounts, this is where Economic Value Added comes in.
Here’s the Economic Value Added formula. This might look a bit cryptic at first. Fear not, we will go through each of the elements of the EVA formula, as well as illustrate Economic Value Added with a numerical example.
EVA equals NOPAT minus WACC times the invested capital. NOPAT is Net Operating Profit After Tax. WACC is the Weighted Average Cost of Capital. Invested Capital is interest-bearing debt + equity, or if you want to start off from the other side of the balance sheet net assets less non-interest-bearing current liabilities. Both of these definitions of invested capital should get you to the same number.
The second part of the formula is often summarized as the “capital charge”, the amount you deduct from NOPAT to get to the Economic Value Added, a variation on the idea of residual income.
Let’s fill in the #EVA formula with some more detail. To calculate NOPAT, we need to start from accounting profit in the income statement. This is the number we are looking for as a starting point: Operating Income, sometimes called EBIT (Earnings Before Interest and Tax). NOPAT equals Operating Income times 1 minus the effective tax rate. NOPAT measures the after-tax return generated for debt and equity holders combined, so it’s broader than net income which just measures the returns for the shareholders. If a company has an Operating Income of $20B, and an effective tax rate of only 10% (low, but certainly possible), then NOPAT is .9 times $20B equals $18B. If the company’s WACC is 8%, and its invested capital $150B, then we can start to fill in the Economic Value Added formula and see the result! $18 billion minus 8% times $150 billion, is $18 billion minus $12 billion, so $6 billion. Due to the “capital charge” of $12B (the dollar number representing the required rate of return on the invested capital), NOPAT of $18B shrinks to an EVA of $6B! This is the economic profit that is left over when adjusting for the cost of capital.
How can companies improve EVA? Increasing NOPAT, decreasing WACC, decreasing the invested capital.
Here’s a bonus tip to put EVA into perspective. If EVA is NOPAT minus WACC times invested capital, and ROIC is NOPAT divided by invested capital, then you can also write the EVA formula as (between brackets) ROIC minus WACC, times invested capital. With the same numbers we used before, 12% minus 8%, times $150B, equals 4% times $150B, is $6B of EVA.
Economic Value Added: a way to measure economic profit in absolute amounts, closely related to ROIC and WACC.
https://wn.com/Economic_Value_Added_Eva
Economic Value Added explained! What does Economic Value Added mean? How to calculate Economic Value Added? Let’s introduce Economic Value Added step-by-step. Start with understanding the context first, and then get into the details of the calculation, including an example.
⏱️TIMESTAMPS⏱️
0:00 Introduction to Economic Value Added EVA
1:06 Accounting profit versus economic profit
1:49 ROIC vs WACC
2:26 Economic Value Added formula
3:24 Economic Value Added example
4:58 How to improve Economic Value Added EVA
To understand the need for a concept like Economic Value Added, let’s look at some profitability numbers. Which of these companies has the best profitability performance for the year? Exxon Mobil with a net income of $14B? Facebook with a net income of $18B? Johnson & Johnson with a net income of $15B? Or Walmart with a net income of $15B? Which one would you vote for?
I would imagine that most of you voted for the company with the highest net income number. The higher the net income, the better the financial performance, right? Not necessarily, it depends on how you look at it.
You can either look at a company from the perspective of accounting profit, or from the perspective of economic profit, and there are ways to convert numbers from one perspective to the other. With accounting profit, you look at metrics like GAAP-based net income. With economic profit, you look at the returns generated above the required rate of return. Economic profit is the “tougher” way to measure, it sets the bar higher. Economic Value Added is one of the ways to measure economic profit, and was developed and copyrighted by Stern Stewart and Company.
If you analyze the performance of a company from the economic profit perspective, you can choose between two approaches. The first one is comparing ratios. For example, ROIC (Return On Invested Capital) versus WACC (Weighted Average Cost of Capital). ROIC represents the returns generated, WACC represents the required rate of return. If ROIC is 12%, and WACC is 8%, then a company creates value. Only returns that exceed the required rate of return are good enough! The second approach is to adjust absolute amounts, this is where Economic Value Added comes in.
Here’s the Economic Value Added formula. This might look a bit cryptic at first. Fear not, we will go through each of the elements of the EVA formula, as well as illustrate Economic Value Added with a numerical example.
EVA equals NOPAT minus WACC times the invested capital. NOPAT is Net Operating Profit After Tax. WACC is the Weighted Average Cost of Capital. Invested Capital is interest-bearing debt + equity, or if you want to start off from the other side of the balance sheet net assets less non-interest-bearing current liabilities. Both of these definitions of invested capital should get you to the same number.
The second part of the formula is often summarized as the “capital charge”, the amount you deduct from NOPAT to get to the Economic Value Added, a variation on the idea of residual income.
Let’s fill in the #EVA formula with some more detail. To calculate NOPAT, we need to start from accounting profit in the income statement. This is the number we are looking for as a starting point: Operating Income, sometimes called EBIT (Earnings Before Interest and Tax). NOPAT equals Operating Income times 1 minus the effective tax rate. NOPAT measures the after-tax return generated for debt and equity holders combined, so it’s broader than net income which just measures the returns for the shareholders. If a company has an Operating Income of $20B, and an effective tax rate of only 10% (low, but certainly possible), then NOPAT is .9 times $20B equals $18B. If the company’s WACC is 8%, and its invested capital $150B, then we can start to fill in the Economic Value Added formula and see the result! $18 billion minus 8% times $150 billion, is $18 billion minus $12 billion, so $6 billion. Due to the “capital charge” of $12B (the dollar number representing the required rate of return on the invested capital), NOPAT of $18B shrinks to an EVA of $6B! This is the economic profit that is left over when adjusting for the cost of capital.
How can companies improve EVA? Increasing NOPAT, decreasing WACC, decreasing the invested capital.
Here’s a bonus tip to put EVA into perspective. If EVA is NOPAT minus WACC times invested capital, and ROIC is NOPAT divided by invested capital, then you can also write the EVA formula as (between brackets) ROIC minus WACC, times invested capital. With the same numbers we used before, 12% minus 8%, times $150B, equals 4% times $150B, is $6B of EVA.
Economic Value Added: a way to measure economic profit in absolute amounts, closely related to ROIC and WACC.
- published: 20 Feb 2020
- views: 105191
6:03
What is Value in Lean? Value Added vs. Non-Value Added Work
- Order: Reorder
- Duration: 6:03
- Uploaded Date: 14 Oct 2020
- views: 37246
Lean manufacturing focuses on delivering VALUE by eliminating WASTE... but how does lean define "value?" Discover the difference between value and waste through...
Lean manufacturing focuses on delivering VALUE by eliminating WASTE... but how does lean define "value?" Discover the difference between value and waste through our time-lapse video of a real manufacturing assembly process.
"Over 90% of any process is waste!" --- find out why in this video!
★ VISIT THE LEAN SMARTS ACADEMY ★
To learn more about this video and the course Learning to See: Waste, visit the Lean Smarts Academy here: https://leansmarts.com/
→ START A FREE TRIAL ←
Find out how the Lean Smarts Academy can help you grow people and become world-class here:
https://academy.leansmarts.com/
https://wn.com/What_Is_Value_In_Lean_Value_Added_Vs._Non_Value_Added_Work
Lean manufacturing focuses on delivering VALUE by eliminating WASTE... but how does lean define "value?" Discover the difference between value and waste through our time-lapse video of a real manufacturing assembly process.
"Over 90% of any process is waste!" --- find out why in this video!
★ VISIT THE LEAN SMARTS ACADEMY ★
To learn more about this video and the course Learning to See: Waste, visit the Lean Smarts Academy here: https://leansmarts.com/
→ START A FREE TRIAL ←
Find out how the Lean Smarts Academy can help you grow people and become world-class here:
https://academy.leansmarts.com/
- published: 14 Oct 2020
- views: 37246
8:10
Value added analysis | Value added process vs Non value added | Value Added vs Non Value added Lean
- Order: Reorder
- Duration: 8:10
- Uploaded Date: 18 Jun 2021
- views: 16356
Value added analysis | Value added process vs Non value added | Value Added vs Non Value added Lean. This video talks about what is Value added analysis and fro...
Value added analysis | Value added process vs Non value added | Value Added vs Non Value added Lean. This video talks about what is Value added analysis and from customer value add
perspective with difference between Value Added and Non-Value Added to eliminate MUDA from process.
🎥 𝐒𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞 𝐦𝐲 𝐘𝐨𝐮𝐓𝐮𝐛𝐞 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 : http://www.youtube.com/DigitalELearning
📹 𝐁𝐞𝐬𝐭 𝐋𝐞𝐚𝐧 𝐒𝐢𝐱 𝐬𝐢𝐠𝐦𝐚 & 𝐐𝐮𝐚𝐥𝐢𝐭𝐲 𝐓𝐨𝐨𝐥𝐬 𝐕𝐢𝐝𝐞𝐨𝐬
--------------------------------------------------------------------------------
🎬 Lean Manufacturing : https://youtu.be/LU4xm3ykHGk
🎬 Lean Vs Six Sigma : https://youtu.be/1_O3twOEzik
🎬 Value Stream Mapping : https://youtu.be/5nu136dxSK0
🎬 Quality Function Deployment : https://youtu.be/Z14MySJQgPs
🎬 Six Sigma (6 Sigma) : https://youtu.be/Y-pJhUN4cqc
🎬 8 Lean Manufacturing wastes: https://youtu.be/8IkOrYgjz28
🎬 5S Methodology: https://youtu.be/5-Vx76AVLao
🎬 GEMBA Walk : https://youtu.be/Ucayy6_L6bU
🎬 SIPOC Diagram: https://youtu.be/xjx8Tr1G0_8
🎬 Lean Pull vs Push : https://youtu.be/x1Uv01hr_Zg
🎬 POKA YOKE (Mistake Proofing): https://youtu.be/V0YGOwEJ2k
🎬 Just in Time: https://youtu.be/pzzku4PqdHQ
🎬 TQM - Total Quality Management : https://youtu.be/fKvEkOFzhjQ
🎬 TPS - Toyota Production System : https://youtu.be/JIhgbXj8E8w
🎬 TPM - Total Productive Maintenance : https://youtu.be/rcrF7zV0qOQ
🎬 7 Basic Quality tools : https://youtu.be/3zWU_CGRp50
🎬 FMEA (Failure Modes & Effect Analysis) : https://youtu.be/IckvY3PA59g
🎬 Fishbone Diagram : https://youtu.be/p-qAON7R06c
🎬 5 Why Root Cause Analysis: https://youtu.be/3pChVadm8lc
🎬 Quality Assurance vs Quality Control : https://youtu.be/j_KdgdLscU4
🎬 Plan Do Check Act (PDCA cycle) : https://youtu.be/6alQgusqejE
🎬 Critical To Quality in Six Sigma: https://youtu.be/NMV5uQ5uITI
🎬 Drum Buffer Rope & Theory of Constraints : https://youtu.be/WGhwLG1t8pc
🎬 Six Sigma Process Variation : https://youtu.be/n50YcNJvmLU
🎬 Six Sigma Defect Metrics (DPU, DPMO & PPM) : https://youtu.be/kuUDNVAX8pA
🎬 Balance Scorecard ? https://youtu.be/JEXYZgg80oI
🎬 Key Performance Indicators (KPI) : https://youtu.be/GiJigQ_vsNU
🎬 New Product Development Process : https://youtu.be/W0j9WEcB3xs
🎬 Product Life Cycle (PLC) stages : https://youtu.be/xm3iEWVi4Kw
🎬 Fault Tree Analysis: https://youtu.be/NIJ_iV96j6Q
🎬 7 basic quality control tools: https://youtu.be/3zWU_CGRp50
🎬 5W1H : https://youtu.be/VlcT-m0dymw
🎬 8D Problem solving methodology: https://youtu.be/m-1XkPCI204
🎬 One Piece Flow Vs Batch : https://youtu.be/gJGt59SS9qo
🎬 Line Balancing: https://youtu.be/lDvcVDmcgA8
🎬 Heijunka : https://youtu.be/tZ4uZ-kqyIg
🎬 Muda, Mura & Muri: https://youtu.be/gWCj5pm-df8
🎬 Takt Time vs Cycle Time vs Lead time : https://youtu.be/0NzDhHjL59E
⏱️ 𝑻𝒊𝒎𝒆 𝑺𝒕𝒂𝒎𝒑 ⏱️
-------------------------------
0:00 - Introduction
1:03 - Value Add vs Non Value add
5:43 - Practical example to explain the difference between Value Add vs Non Value add
📢📢 📢📢 𝐅𝐨𝐥𝐥𝐨𝐰𝐬 𝐮𝐬 𝐨𝐧 𝑺𝒐𝒄𝒊𝒂𝒍 𝑴𝒆𝒅𝒊𝒂
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🐦𝐓𝐰𝐢𝐭𝐭𝐞𝐫 : https://twitter.com/DigitalELEARNI1
📸 𝐈𝐧𝐬𝐭𝐚𝐠𝐫𝐚𝐦 : https://www.instagram.com/digital_elearning/
📩 𝐓𝐞𝐥𝐞𝐠𝐫𝐚𝐦 : https://t.me/digital_e_learning007
🙋🏻♂️ 𝐏𝐢𝐧𝐭𝐫𝐞𝐬𝐭: https://in.pinterest.com/digitalelearning007/
🙋🏻♂️ 𝐋𝐢𝐧𝐤𝐞𝐝𝐈𝐧 𝐏𝐚𝐠𝐞: https://www.linkedin.com/company/55180987
🙋🏻♂️ 𝐅𝐚𝐜𝐞𝐛𝐨𝐨𝐤 𝐏𝐚𝐠𝐞 : https://www.facebook.com/DigitalELEARNI1
💌 𝑪𝒐𝒏𝒕𝒂𝒄𝒕 𝒖𝒔 : [email protected] for any business/ promotion queries.
✍️ 𝓓𝓲𝓼𝓬𝓵𝓪𝓲𝓶𝓮𝓻:
Copyright Disclaimer under section 107 of the Copyright Act of 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. The information contained in this video is just for educational and informational purposes only and does not have any intention to mislead or violate Google and YouTube community guidelines or policy. I respect and follow all terms & conditions of Google & YouTube.
𝐂𝐨𝐦𝐦𝐨𝐧 𝐊𝐞𝐲 𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐭𝐨 𝐭𝐡𝐢𝐬 𝐭𝐨𝐩𝐢𝐜 :
----------------------------------------------------------------------
#Digital_e_Learning #LeanSixSigma #SixSigma
value added analysis
value add
business value adding
customer value add
value added stream mapping
value added
value added process in operations management
non value added activities
value adding activities
non value added activities examples
value added activities examples
value adding and non value adding
value adding processes
https://wn.com/Value_Added_Analysis_|_Value_Added_Process_Vs_Non_Value_Added_|_Value_Added_Vs_Non_Value_Added_Lean
Value added analysis | Value added process vs Non value added | Value Added vs Non Value added Lean. This video talks about what is Value added analysis and from customer value add
perspective with difference between Value Added and Non-Value Added to eliminate MUDA from process.
🎥 𝐒𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞 𝐦𝐲 𝐘𝐨𝐮𝐓𝐮𝐛𝐞 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 : http://www.youtube.com/DigitalELearning
📹 𝐁𝐞𝐬𝐭 𝐋𝐞𝐚𝐧 𝐒𝐢𝐱 𝐬𝐢𝐠𝐦𝐚 & 𝐐𝐮𝐚𝐥𝐢𝐭𝐲 𝐓𝐨𝐨𝐥𝐬 𝐕𝐢𝐝𝐞𝐨𝐬
--------------------------------------------------------------------------------
🎬 Lean Manufacturing : https://youtu.be/LU4xm3ykHGk
🎬 Lean Vs Six Sigma : https://youtu.be/1_O3twOEzik
🎬 Value Stream Mapping : https://youtu.be/5nu136dxSK0
🎬 Quality Function Deployment : https://youtu.be/Z14MySJQgPs
🎬 Six Sigma (6 Sigma) : https://youtu.be/Y-pJhUN4cqc
🎬 8 Lean Manufacturing wastes: https://youtu.be/8IkOrYgjz28
🎬 5S Methodology: https://youtu.be/5-Vx76AVLao
🎬 GEMBA Walk : https://youtu.be/Ucayy6_L6bU
🎬 SIPOC Diagram: https://youtu.be/xjx8Tr1G0_8
🎬 Lean Pull vs Push : https://youtu.be/x1Uv01hr_Zg
🎬 POKA YOKE (Mistake Proofing): https://youtu.be/V0YGOwEJ2k
🎬 Just in Time: https://youtu.be/pzzku4PqdHQ
🎬 TQM - Total Quality Management : https://youtu.be/fKvEkOFzhjQ
🎬 TPS - Toyota Production System : https://youtu.be/JIhgbXj8E8w
🎬 TPM - Total Productive Maintenance : https://youtu.be/rcrF7zV0qOQ
🎬 7 Basic Quality tools : https://youtu.be/3zWU_CGRp50
🎬 FMEA (Failure Modes & Effect Analysis) : https://youtu.be/IckvY3PA59g
🎬 Fishbone Diagram : https://youtu.be/p-qAON7R06c
🎬 5 Why Root Cause Analysis: https://youtu.be/3pChVadm8lc
🎬 Quality Assurance vs Quality Control : https://youtu.be/j_KdgdLscU4
🎬 Plan Do Check Act (PDCA cycle) : https://youtu.be/6alQgusqejE
🎬 Critical To Quality in Six Sigma: https://youtu.be/NMV5uQ5uITI
🎬 Drum Buffer Rope & Theory of Constraints : https://youtu.be/WGhwLG1t8pc
🎬 Six Sigma Process Variation : https://youtu.be/n50YcNJvmLU
🎬 Six Sigma Defect Metrics (DPU, DPMO & PPM) : https://youtu.be/kuUDNVAX8pA
🎬 Balance Scorecard ? https://youtu.be/JEXYZgg80oI
🎬 Key Performance Indicators (KPI) : https://youtu.be/GiJigQ_vsNU
🎬 New Product Development Process : https://youtu.be/W0j9WEcB3xs
🎬 Product Life Cycle (PLC) stages : https://youtu.be/xm3iEWVi4Kw
🎬 Fault Tree Analysis: https://youtu.be/NIJ_iV96j6Q
🎬 7 basic quality control tools: https://youtu.be/3zWU_CGRp50
🎬 5W1H : https://youtu.be/VlcT-m0dymw
🎬 8D Problem solving methodology: https://youtu.be/m-1XkPCI204
🎬 One Piece Flow Vs Batch : https://youtu.be/gJGt59SS9qo
🎬 Line Balancing: https://youtu.be/lDvcVDmcgA8
🎬 Heijunka : https://youtu.be/tZ4uZ-kqyIg
🎬 Muda, Mura & Muri: https://youtu.be/gWCj5pm-df8
🎬 Takt Time vs Cycle Time vs Lead time : https://youtu.be/0NzDhHjL59E
⏱️ 𝑻𝒊𝒎𝒆 𝑺𝒕𝒂𝒎𝒑 ⏱️
-------------------------------
0:00 - Introduction
1:03 - Value Add vs Non Value add
5:43 - Practical example to explain the difference between Value Add vs Non Value add
📢📢 📢📢 𝐅𝐨𝐥𝐥𝐨𝐰𝐬 𝐮𝐬 𝐨𝐧 𝑺𝒐𝒄𝒊𝒂𝒍 𝑴𝒆𝒅𝒊𝒂
-------------------------------------------------------------------------
🐦𝐓𝐰𝐢𝐭𝐭𝐞𝐫 : https://twitter.com/DigitalELEARNI1
📸 𝐈𝐧𝐬𝐭𝐚𝐠𝐫𝐚𝐦 : https://www.instagram.com/digital_elearning/
📩 𝐓𝐞𝐥𝐞𝐠𝐫𝐚𝐦 : https://t.me/digital_e_learning007
🙋🏻♂️ 𝐏𝐢𝐧𝐭𝐫𝐞𝐬𝐭: https://in.pinterest.com/digitalelearning007/
🙋🏻♂️ 𝐋𝐢𝐧𝐤𝐞𝐝𝐈𝐧 𝐏𝐚𝐠𝐞: https://www.linkedin.com/company/55180987
🙋🏻♂️ 𝐅𝐚𝐜𝐞𝐛𝐨𝐨𝐤 𝐏𝐚𝐠𝐞 : https://www.facebook.com/DigitalELEARNI1
💌 𝑪𝒐𝒏𝒕𝒂𝒄𝒕 𝒖𝒔 : [email protected] for any business/ promotion queries.
✍️ 𝓓𝓲𝓼𝓬𝓵𝓪𝓲𝓶𝓮𝓻:
Copyright Disclaimer under section 107 of the Copyright Act of 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. The information contained in this video is just for educational and informational purposes only and does not have any intention to mislead or violate Google and YouTube community guidelines or policy. I respect and follow all terms & conditions of Google & YouTube.
𝐂𝐨𝐦𝐦𝐨𝐧 𝐊𝐞𝐲 𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐭𝐨 𝐭𝐡𝐢𝐬 𝐭𝐨𝐩𝐢𝐜 :
----------------------------------------------------------------------
#Digital_e_Learning #LeanSixSigma #SixSigma
value added analysis
value add
business value adding
customer value add
value added stream mapping
value added
value added process in operations management
non value added activities
value adding activities
non value added activities examples
value added activities examples
value adding and non value adding
value adding processes
- published: 18 Jun 2021
- views: 16356
1:04
What is Added Value - IGCSE Business Studies
- Order: Reorder
- Duration: 1:04
- Uploaded Date: 20 Jan 2020
- views: 20859
Visit http://www.sensebusiness.co.uk for Mock Exams and Lots of useful information.
These Books will help you get High Grades:
My book: https://amzn.to/2IyrNG...
Visit http://www.sensebusiness.co.uk for Mock Exams and Lots of useful information.
These Books will help you get High Grades:
My book: https://amzn.to/2IyrNGO
GCSE business Book: https://amzn.to/2E6Io2L
GCSE business revision: https://amzn.to/2OIFeq7
Please note: buying one or more of the above books will help me a lot in spending more time to create useful video for you in the future.
Don’t forget to like, subscribe, share and visit my website.
#GCSEBusiness #sensebusinessstudies #BusinessStudies
https://wn.com/What_Is_Added_Value_Igcse_Business_Studies
Visit http://www.sensebusiness.co.uk for Mock Exams and Lots of useful information.
These Books will help you get High Grades:
My book: https://amzn.to/2IyrNGO
GCSE business Book: https://amzn.to/2E6Io2L
GCSE business revision: https://amzn.to/2OIFeq7
Please note: buying one or more of the above books will help me a lot in spending more time to create useful video for you in the future.
Don’t forget to like, subscribe, share and visit my website.
#GCSEBusiness #sensebusinessstudies #BusinessStudies
- published: 20 Jan 2020
- views: 20859
5:23
Added Value | 5 ways a business can add value
- Order: Reorder
- Duration: 5:23
- Uploaded Date: 28 Feb 2022
- views: 27602
Watch this video if you want to learn the different ways businesses add value to their products or services.
SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?s...
Watch this video if you want to learn the different ways businesses add value to their products or services.
SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1
A free supporting activity worksheet is available to download on the following link:
https://www.twoteachers.co.uk/addedvalue//
If you are interested in business, then subscribe to our YouTube Channel for lots more Business related content. Videos are uploaded weekly, so why not learn everything there is to know about the world of business:
http://www.youtube.com/c/TwoTeachers
Follow us on the following socials to see even more Business content:
Instagram: https://www.instagram.com/twoteachersbusiness
Facebook: https://www.facebook.com/TwoTeachersBusiness
Twitter: https://twitter.com/TwoTeachersBiz
#addedvalue #howto #nike
https://wn.com/Added_Value_|_5_Ways_A_Business_Can_Add_Value
Watch this video if you want to learn the different ways businesses add value to their products or services.
SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1
A free supporting activity worksheet is available to download on the following link:
https://www.twoteachers.co.uk/addedvalue//
If you are interested in business, then subscribe to our YouTube Channel for lots more Business related content. Videos are uploaded weekly, so why not learn everything there is to know about the world of business:
http://www.youtube.com/c/TwoTeachers
Follow us on the following socials to see even more Business content:
Instagram: https://www.instagram.com/twoteachersbusiness
Facebook: https://www.facebook.com/TwoTeachersBusiness
Twitter: https://twitter.com/TwoTeachersBiz
#addedvalue #howto #nike
- published: 28 Feb 2022
- views: 27602
3:31
Value Added Activities
- Order: Reorder
- Duration: 3:31
- Uploaded Date: 10 May 2022
- views: 3224
A Short description of Value-Added, Non Value-Added and Waste activities, a basic concept of Lean Manufacturing.
And how the Cost, Profit and Selling Price equa...
A Short description of Value-Added, Non Value-Added and Waste activities, a basic concept of Lean Manufacturing.
And how the Cost, Profit and Selling Price equation has changed over the time (Funny, it still looks the same from a mathematics point of view).
Characters 'Design by Freepik / Pikisuperstar'
https://wn.com/Value_Added_Activities
A Short description of Value-Added, Non Value-Added and Waste activities, a basic concept of Lean Manufacturing.
And how the Cost, Profit and Selling Price equation has changed over the time (Funny, it still looks the same from a mathematics point of view).
Characters 'Design by Freepik / Pikisuperstar'
- published: 10 May 2022
- views: 3224
4:17
Add value to your property with trees! Which trees to plant in SA & how to care for them
- Order: Reorder
- Duration: 4:17
- Uploaded Date: 31 Jul 2024
- views: 225
They do more than add shade. Trees can keep your home cool in the summer, warm in the winter and they add value to your property. The Garden Center breaks down ...
They do more than add shade. Trees can keep your home cool in the summer, warm in the winter and they add value to your property. The Garden Center breaks down which trees to plant in South Texas and how to make sure they last.
https://wn.com/Add_Value_To_Your_Property_With_Trees_Which_Trees_To_Plant_In_Sa_How_To_Care_For_Them
They do more than add shade. Trees can keep your home cool in the summer, warm in the winter and they add value to your property. The Garden Center breaks down which trees to plant in South Texas and how to make sure they last.
- published: 31 Jul 2024
- views: 225
2:04
IGCSE Business Studies | Added Value, the importance of it, and how it can be increased
- Order: Reorder
- Duration: 2:04
- Uploaded Date: 21 Jan 2022
- views: 3661
This topic was questioned in question no:
1a qp1 O/N 18/12
1e qp1 M/J 19/12
1b qp2 F/M 17/22
2a qp2 O/N 17/22
1a qp2 O/N 19/22
2a qp2 F/M 21/22
This topic was questioned in question no:
1a qp1 O/N 18/12
1e qp1 M/J 19/12
1b qp2 F/M 17/22
2a qp2 O/N 17/22
1a qp2 O/N 19/22
2a qp2 F/M 21/22
https://wn.com/Igcse_Business_Studies_|_Added_Value,_The_Importance_Of_It,_And_How_It_Can_Be_Increased
This topic was questioned in question no:
1a qp1 O/N 18/12
1e qp1 M/J 19/12
1b qp2 F/M 17/22
2a qp2 O/N 17/22
1a qp2 O/N 19/22
2a qp2 F/M 21/22
- published: 21 Jan 2022
- views: 3661
5:15
Value added approach to calculating GDP | AP Macroeconomics | Khan Academy
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—no...
published: 21 Nov 2017
Value added approach to calculating GDP | AP Macroeconomics | Khan Academy
Value added approach to calculating GDP | AP Macroeconomics | Khan Academy
- Report rights infringement
- published: 21 Nov 2017
- views: 126351
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/economic-iondicators-and-the-business-cycle/21/v/value-added-approach-to-calculating-gdp-macroeconomics-khan-academy
In this video we learn how a nation's GDP can be calculated by summing up the value added by all the intermediate producers in a nation.
View more lessons or practice this subject at http://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/economic-iondicators-and-the-business-cycle/21/v/value-added-approach-to-calculating-gdp-macroeconomics-khan-academy?utm_source=youtube&utm_medium=desc&utm_campaign=apmacroeconomics
AP Macroeconomics on Khan Academy: Welcome to Economics! In this lesson we'll define Economic and introduce some of the fundamental tools and perspectives economists use to understand the world around us!
Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We offer quizzes, questions, instructional videos, and articles on a range of academic subjects, including math, biology, chemistry, physics, history, economics, finance, grammar, preschool learning, and more. We provide teachers with tools and data so they can help their students develop the skills, habits, and mindsets for success in school and beyond. Khan Academy has been translated into dozens of languages, and 15 million people around the globe learn on Khan Academy every month. As a 501(c)(3) nonprofit organization, we would love your help! Donate or volunteer today!
Donate here: https://www.khanacademy.org/donate?utm_source=youtube&utm_medium=desc
Volunteer here: https://www.khanacademy.org/contribute?utm_source=youtube&utm_medium=desc
6:05
Economic Value Added EVA
Economic Value Added explained! What does Economic Value Added mean? How to calculate Econ...
published: 20 Feb 2020
Economic Value Added EVA
Economic Value Added EVA
- Report rights infringement
- published: 20 Feb 2020
- views: 105191
Economic Value Added explained! What does Economic Value Added mean? How to calculate Economic Value Added? Let’s introduce Economic Value Added step-by-step. Start with understanding the context first, and then get into the details of the calculation, including an example.
⏱️TIMESTAMPS⏱️
0:00 Introduction to Economic Value Added EVA
1:06 Accounting profit versus economic profit
1:49 ROIC vs WACC
2:26 Economic Value Added formula
3:24 Economic Value Added example
4:58 How to improve Economic Value Added EVA
To understand the need for a concept like Economic Value Added, let’s look at some profitability numbers. Which of these companies has the best profitability performance for the year? Exxon Mobil with a net income of $14B? Facebook with a net income of $18B? Johnson & Johnson with a net income of $15B? Or Walmart with a net income of $15B? Which one would you vote for?
I would imagine that most of you voted for the company with the highest net income number. The higher the net income, the better the financial performance, right? Not necessarily, it depends on how you look at it.
You can either look at a company from the perspective of accounting profit, or from the perspective of economic profit, and there are ways to convert numbers from one perspective to the other. With accounting profit, you look at metrics like GAAP-based net income. With economic profit, you look at the returns generated above the required rate of return. Economic profit is the “tougher” way to measure, it sets the bar higher. Economic Value Added is one of the ways to measure economic profit, and was developed and copyrighted by Stern Stewart and Company.
If you analyze the performance of a company from the economic profit perspective, you can choose between two approaches. The first one is comparing ratios. For example, ROIC (Return On Invested Capital) versus WACC (Weighted Average Cost of Capital). ROIC represents the returns generated, WACC represents the required rate of return. If ROIC is 12%, and WACC is 8%, then a company creates value. Only returns that exceed the required rate of return are good enough! The second approach is to adjust absolute amounts, this is where Economic Value Added comes in.
Here’s the Economic Value Added formula. This might look a bit cryptic at first. Fear not, we will go through each of the elements of the EVA formula, as well as illustrate Economic Value Added with a numerical example.
EVA equals NOPAT minus WACC times the invested capital. NOPAT is Net Operating Profit After Tax. WACC is the Weighted Average Cost of Capital. Invested Capital is interest-bearing debt + equity, or if you want to start off from the other side of the balance sheet net assets less non-interest-bearing current liabilities. Both of these definitions of invested capital should get you to the same number.
The second part of the formula is often summarized as the “capital charge”, the amount you deduct from NOPAT to get to the Economic Value Added, a variation on the idea of residual income.
Let’s fill in the #EVA formula with some more detail. To calculate NOPAT, we need to start from accounting profit in the income statement. This is the number we are looking for as a starting point: Operating Income, sometimes called EBIT (Earnings Before Interest and Tax). NOPAT equals Operating Income times 1 minus the effective tax rate. NOPAT measures the after-tax return generated for debt and equity holders combined, so it’s broader than net income which just measures the returns for the shareholders. If a company has an Operating Income of $20B, and an effective tax rate of only 10% (low, but certainly possible), then NOPAT is .9 times $20B equals $18B. If the company’s WACC is 8%, and its invested capital $150B, then we can start to fill in the Economic Value Added formula and see the result! $18 billion minus 8% times $150 billion, is $18 billion minus $12 billion, so $6 billion. Due to the “capital charge” of $12B (the dollar number representing the required rate of return on the invested capital), NOPAT of $18B shrinks to an EVA of $6B! This is the economic profit that is left over when adjusting for the cost of capital.
How can companies improve EVA? Increasing NOPAT, decreasing WACC, decreasing the invested capital.
Here’s a bonus tip to put EVA into perspective. If EVA is NOPAT minus WACC times invested capital, and ROIC is NOPAT divided by invested capital, then you can also write the EVA formula as (between brackets) ROIC minus WACC, times invested capital. With the same numbers we used before, 12% minus 8%, times $150B, equals 4% times $150B, is $6B of EVA.
Economic Value Added: a way to measure economic profit in absolute amounts, closely related to ROIC and WACC.
6:03
What is Value in Lean? Value Added vs. Non-Value Added Work
Lean manufacturing focuses on delivering VALUE by eliminating WASTE... but how does lean d...
published: 14 Oct 2020
What is Value in Lean? Value Added vs. Non-Value Added Work
What is Value in Lean? Value Added vs. Non-Value Added Work
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- published: 14 Oct 2020
- views: 37246
Lean manufacturing focuses on delivering VALUE by eliminating WASTE... but how does lean define "value?" Discover the difference between value and waste through our time-lapse video of a real manufacturing assembly process.
"Over 90% of any process is waste!" --- find out why in this video!
★ VISIT THE LEAN SMARTS ACADEMY ★
To learn more about this video and the course Learning to See: Waste, visit the Lean Smarts Academy here: https://leansmarts.com/
→ START A FREE TRIAL ←
Find out how the Lean Smarts Academy can help you grow people and become world-class here:
https://academy.leansmarts.com/
8:10
Value added analysis | Value added process vs Non value added | Value Added vs Non Value added Lean
Value added analysis | Value added process vs Non value added | Value Added vs Non Value a...
published: 18 Jun 2021
Value added analysis | Value added process vs Non value added | Value Added vs Non Value added Lean
Value added analysis | Value added process vs Non value added | Value Added vs Non Value added Lean
- Report rights infringement
- published: 18 Jun 2021
- views: 16356
Value added analysis | Value added process vs Non value added | Value Added vs Non Value added Lean. This video talks about what is Value added analysis and from customer value add
perspective with difference between Value Added and Non-Value Added to eliminate MUDA from process.
🎥 𝐒𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞 𝐦𝐲 𝐘𝐨𝐮𝐓𝐮𝐛𝐞 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 : http://www.youtube.com/DigitalELearning
📹 𝐁𝐞𝐬𝐭 𝐋𝐞𝐚𝐧 𝐒𝐢𝐱 𝐬𝐢𝐠𝐦𝐚 & 𝐐𝐮𝐚𝐥𝐢𝐭𝐲 𝐓𝐨𝐨𝐥𝐬 𝐕𝐢𝐝𝐞𝐨𝐬
--------------------------------------------------------------------------------
🎬 Lean Manufacturing : https://youtu.be/LU4xm3ykHGk
🎬 Lean Vs Six Sigma : https://youtu.be/1_O3twOEzik
🎬 Value Stream Mapping : https://youtu.be/5nu136dxSK0
🎬 Quality Function Deployment : https://youtu.be/Z14MySJQgPs
🎬 Six Sigma (6 Sigma) : https://youtu.be/Y-pJhUN4cqc
🎬 8 Lean Manufacturing wastes: https://youtu.be/8IkOrYgjz28
🎬 5S Methodology: https://youtu.be/5-Vx76AVLao
🎬 GEMBA Walk : https://youtu.be/Ucayy6_L6bU
🎬 SIPOC Diagram: https://youtu.be/xjx8Tr1G0_8
🎬 Lean Pull vs Push : https://youtu.be/x1Uv01hr_Zg
🎬 POKA YOKE (Mistake Proofing): https://youtu.be/V0YGOwEJ2k
🎬 Just in Time: https://youtu.be/pzzku4PqdHQ
🎬 TQM - Total Quality Management : https://youtu.be/fKvEkOFzhjQ
🎬 TPS - Toyota Production System : https://youtu.be/JIhgbXj8E8w
🎬 TPM - Total Productive Maintenance : https://youtu.be/rcrF7zV0qOQ
🎬 7 Basic Quality tools : https://youtu.be/3zWU_CGRp50
🎬 FMEA (Failure Modes & Effect Analysis) : https://youtu.be/IckvY3PA59g
🎬 Fishbone Diagram : https://youtu.be/p-qAON7R06c
🎬 5 Why Root Cause Analysis: https://youtu.be/3pChVadm8lc
🎬 Quality Assurance vs Quality Control : https://youtu.be/j_KdgdLscU4
🎬 Plan Do Check Act (PDCA cycle) : https://youtu.be/6alQgusqejE
🎬 Critical To Quality in Six Sigma: https://youtu.be/NMV5uQ5uITI
🎬 Drum Buffer Rope & Theory of Constraints : https://youtu.be/WGhwLG1t8pc
🎬 Six Sigma Process Variation : https://youtu.be/n50YcNJvmLU
🎬 Six Sigma Defect Metrics (DPU, DPMO & PPM) : https://youtu.be/kuUDNVAX8pA
🎬 Balance Scorecard ? https://youtu.be/JEXYZgg80oI
🎬 Key Performance Indicators (KPI) : https://youtu.be/GiJigQ_vsNU
🎬 New Product Development Process : https://youtu.be/W0j9WEcB3xs
🎬 Product Life Cycle (PLC) stages : https://youtu.be/xm3iEWVi4Kw
🎬 Fault Tree Analysis: https://youtu.be/NIJ_iV96j6Q
🎬 7 basic quality control tools: https://youtu.be/3zWU_CGRp50
🎬 5W1H : https://youtu.be/VlcT-m0dymw
🎬 8D Problem solving methodology: https://youtu.be/m-1XkPCI204
🎬 One Piece Flow Vs Batch : https://youtu.be/gJGt59SS9qo
🎬 Line Balancing: https://youtu.be/lDvcVDmcgA8
🎬 Heijunka : https://youtu.be/tZ4uZ-kqyIg
🎬 Muda, Mura & Muri: https://youtu.be/gWCj5pm-df8
🎬 Takt Time vs Cycle Time vs Lead time : https://youtu.be/0NzDhHjL59E
⏱️ 𝑻𝒊𝒎𝒆 𝑺𝒕𝒂𝒎𝒑 ⏱️
-------------------------------
0:00 - Introduction
1:03 - Value Add vs Non Value add
5:43 - Practical example to explain the difference between Value Add vs Non Value add
📢📢 📢📢 𝐅𝐨𝐥𝐥𝐨𝐰𝐬 𝐮𝐬 𝐨𝐧 𝑺𝒐𝒄𝒊𝒂𝒍 𝑴𝒆𝒅𝒊𝒂
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📩 𝐓𝐞𝐥𝐞𝐠𝐫𝐚𝐦 : https://t.me/digital_e_learning007
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𝐂𝐨𝐦𝐦𝐨𝐧 𝐊𝐞𝐲 𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐭𝐨 𝐭𝐡𝐢𝐬 𝐭𝐨𝐩𝐢𝐜 :
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1:04
What is Added Value - IGCSE Business Studies
Visit http://www.sensebusiness.co.uk for Mock Exams and Lots of useful information.
These...
published: 20 Jan 2020
What is Added Value - IGCSE Business Studies
What is Added Value - IGCSE Business Studies
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Visit http://www.sensebusiness.co.uk for Mock Exams and Lots of useful information.
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5:23
Added Value | 5 ways a business can add value
Watch this video if you want to learn the different ways businesses add value to their pro...
published: 28 Feb 2022
Added Value | 5 ways a business can add value
Added Value | 5 ways a business can add value
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Watch this video if you want to learn the different ways businesses add value to their products or services.
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3:31
Value Added Activities
A Short description of Value-Added, Non Value-Added and Waste activities, a basic concept ...
published: 10 May 2022
Value Added Activities
Value Added Activities
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- published: 10 May 2022
- views: 3224
A Short description of Value-Added, Non Value-Added and Waste activities, a basic concept of Lean Manufacturing.
And how the Cost, Profit and Selling Price equation has changed over the time (Funny, it still looks the same from a mathematics point of view).
Characters 'Design by Freepik / Pikisuperstar'
4:17
Add value to your property with trees! Which trees to plant in SA & how to care for them
They do more than add shade. Trees can keep your home cool in the summer, warm in the wint...
published: 31 Jul 2024
Add value to your property with trees! Which trees to plant in SA & how to care for them
Add value to your property with trees! Which trees to plant in SA & how to care for them
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- published: 31 Jul 2024
- views: 225
They do more than add shade. Trees can keep your home cool in the summer, warm in the winter and they add value to your property. The Garden Center breaks down which trees to plant in South Texas and how to make sure they last.
2:04
IGCSE Business Studies | Added Value, the importance of it, and how it can be increased
This topic was questioned in question no:
1a qp1 O/N 18/12
1e qp1 M/J 19/12
1b qp2 F/M 17...
published: 21 Jan 2022
IGCSE Business Studies | Added Value, the importance of it, and how it can be increased
IGCSE Business Studies | Added Value, the importance of it, and how it can be increased
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- published: 21 Jan 2022
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This topic was questioned in question no:
1a qp1 O/N 18/12
1e qp1 M/J 19/12
1b qp2 F/M 17/22
2a qp2 O/N 17/22
1a qp2 O/N 19/22
2a qp2 F/M 21/22
Value added
In business, the difference between the sale price and the production cost of a product is the unit profit. In economics, the sum of the unit profit, the unit depreciation cost, and the unit labor cost is the unit value added. Summing value added per unit over all units sold is total value added. Total value added is equivalent to revenue less outside purchases (of materials and services). Value added is a higher portion of revenue for integrated companies, e.g., manufacturing companies, and a lower portion of revenue for less integrated companies, e.g., retail companies. Total value added is very closely approximated by total labor expense (including wages, salaries, and benefits) plus "cash" operating profit (defined as operating profit plus depreciation expense, i.e., operating profit before depreciation). The first component (total labor expense) is a return to labor and the second component (operating profit before depreciation) is a return to capital (including capital goods, land, and other property). In national accounts used in macroeconomics, it refers to the contribution of the factors of production, i.e., capital (e.g., land and capital goods) and labor, to raising the value of a product and corresponds to the incomes received by the owners of these factors. The national value added is shared between capital and labor (as the factors of production), and this sharing gives rise to issues of distribution.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Value_added
Value added approach to calculating GDP | AP Macro...
Calculating Value Added...
Economic Value Added EVA...
What is Value in Lean? Value Added vs. Non-Value A...
Value added analysis | Value added process vs Non ...
What is Added Value - IGCSE Business Studies...
Added Value | 5 ways a business can add value...
Value Added Activities...
Add value to your property with trees! Which trees...
IGCSE Business Studies | Added Value, the importan...
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Time Takes You
by: Willtodaythis discussion is getting us nowherei almost forgot what
i came to say
could i be here tomorrow? will you be there today?
waiting and waiting what can we do? what do you believe
when time takes you?
almost forgot
time takes time takes you
have forgotten
take time time takes you
indecision breaks us or shall we stay frozen?
time is a host that guides us, or are we the prey to it?
another breathe, another minute has passed us by so
gently
i can't take back, can't take back, all those regrets
that live in me...
almost forgot
time takes time takes you
have forgotten
take time time takes you
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