No value added

No value added (NVA) is a management term loosely related to the lean manufacturing movement as codified in the 1980s by a landmark MIT study of the automobile industry, which explained lean production for the first time. ^[1]

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Table of Contents

1. 7 relations: Added value, Automotive industry, Basis of accounting, Caboose, Lean manufacturing, Massachusetts Institute of Technology, Value added.

Added value

Added value in financial analysis of shares is to be distinguished from value added.

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Automotive industry

The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles.

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Basis of accounting

A basis of accounting is the time various financial transactions are recorded.

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Caboose

A caboose is a crewed North American railroad car coupled at the end of a freight train.

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Lean manufacturing

Lean manufacturing is a method of manufacturing goods aimed primarily at reducing times within the production system as well as response times from suppliers and customers.

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Massachusetts Institute of Technology

The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts.

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Value added

Value added is a term in financial economics for calculating the difference between market value of a product or service, and the sum value of its constituents.

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References

[1] https://en.wikipedia.org/wiki/No_value_added

Also known as NVA (no value added).

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