Bookkeeping and cost accounting for factories . conducts a business oraffairs by standards obtained through systematic research,experiment or reasoning.—Geo. D. Babcock, 1915. The laws of management worked out by Taylor and his dis-ciples are as fundamental as those of falling bodies. No manageror management can avoid making use of them in some form oiother if they are honestly out for the combination high wagedand low labor costs.—H. F. L. Orcutt, Engineering (London)Sept. 7, 1917. Costing and Scientific Management. Scientific management ina system based on the conception that the whole routi
Bookkeeping and cost accounting for factories . conducts a business oraffairs by standards obtained through systematic research,experiment or reasoning.—Geo. D. Babcock, 1915. The laws of management worked out by Taylor and his dis-ciples are as fundamental as those of falling bodies. No manageror management can avoid making use of them in some form oiother if they are honestly out for the combination high wagedand low labor costs.—H. F. L. Orcutt, Engineering (London)Sept. 7, 1917. Costing and Scientific Management. Scientific management ina system based on the conception that the whole routine of theworks, down to the last detail of every operation, is organizedby the management, so that confusion, over-lapping, delay andwaste (both human and material) are avoided, and the course ofthe work is planned to run as smoothly, rapidly and efficientlyas possible. This system applies not only to works manage-ment, but also to costing and all the other accessories. There isyet little recognition in this country [Great Britain) of the. The Pyramid of Scientific Management necessity that costing should be undertaken by those who have areal knowledge of the work in question. Generally there is moreimprovement possible in the arranging for costing than in anyother department of works. Costing can and should be thegreatest asset to the management; it should be the pulse of thewhole organization, instead of being merely an approximatelyaccurate record of performance in the past—sometimes hi thedistant past.—From a paper on The Question of ScientificManagement, by James Richardson, Engineering, Dec. 21, management is really intensive thinking. It meansthat every problem shall be solved intellectually and not by means of trial and error and we may add to this that a large percentage of mankind not only hates such a practice, butis quite incapable of carrying it on.—From an editorial in thesame issue of Engineering. CHAPTER XIIIUSES OF COSTS. VARIOUS OPINI
Size: 1417px × 1763px
Photo credit: © The Reading Room / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1900, bookdecade1910, bookpublisheretcetc, booksubject
