ably to just one).
2. Raw materials inventories are eliminated by requiring suppliers to deliver directly to the shop floor just in time for use in the manufacturing process.
3. Scrap and rework are eliminated by an emphasis on total quality control of design, of the manufacturing process, and of materials.
4. Finished goods inventories are eliminated by reducing lead times, so that, in effect, all products are made to order.
5. Materials handling costs are eliminated by redesign of the shop floor to permit materials to move directly between adjacent work centers.
The major uses of the greatest significance of the accounts payable application involve the determination of trade credit requirements, and the determination of other short term financing requirements (Joy, 1990). Important uses of the accounts include the identification of a firm's short term debt obligations, the monitoring and control of a firm's trade credit accounts, and as inputs to materials inventory accounts.
The accounts payable computer application maintains a firm's vendor financial account records. The concepts of the accounts payable computer application are considered within the contexts of inputs and outputs. These concepts are as follows:
1. Inputs. Inputs are considered in the contexts of keyed and tr
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