Production and cost theory-based material flow cost accounting

Dierkes, Stefan; Siepelmeyer, David

doi:10.1016/j.jclepro.2019.06.212

Cited by 27 publications

(12 citation statements)

References 26 publications

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“…It statically describes the flows of resources consumed and produced by companies or processes from their introduction into the system to the sale and disposal (Rotter et al 2004). Material Flow Cost Accounting (MFCA) introduces in MFA the economic value of resources by separately considering four streams: (i) material costs; (ii) energy costs; (iii) system costs; and (iv) waste management costs (Dierkes and Siepelmeyer 2019;ISO 14051:2011). MFCA focuses on resource management (Rieckhof, Bergmann, and Guenther 2015) by reducing waste, scraps (Lukman et al 2016), and by improving productivity (Özbugday et al 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

Technical, economic, and environmental performance assessment of manufacturing systems: The Multi-layer Enterprise Input-Output formalisation method

Castiglione¹,

Pastore²,

Alfieri³

2021

Preprint

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In production planning and control, assessing the performance of a manufacturing system is a multi-dimensional problem, in which neglected dimensions may lead to hidden inefficiencies and missed opportunities for gaining a competitive advantage. This paper proposes a data formalisation method to model a manufacturing system by simultaneously considering value creation and technical, economic, and environmental performance. The proposed method combines the techno-economic assessment of lean manufacturing and sustainable manufacturing with the data-driven approach, typical of Industry 4.0, to overcome the limitations of the lean approaches in addressing complex systems. The method is based on integrating Multi-layer Stream Mapping and a combination of Enterprise Input-Output and Material Flow Analysis. It also considers non-value-added activities such as transport and inventories. Pen and papers and digital approaches can simultaneously exploit the method as a shared architecture for formal data integration. The implementation of the method is shown through a numerical example based on a recycled plastic pipeline manufacturing system.

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Section: Literature Reviewmentioning

confidence: 99%

Technical, economic, and environmental performance assessment of manufacturing systems: The Multi-layer Enterprise Input-Output formalisation method

Castiglione¹,

Pastore²,

Alfieri³

2021

Preprint

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“…Considering the increased need to provide information about the company performance concerning its environmental impacts, the development of MFCA improves the transparency of material flows and energy consumption in companies, allowing for better decisions [3], and more internal coordination and organization [30]. As concluded by Nakajima et al [2], MFCA is a method that simultaneously helps to reduce environmental impacts and costs, provided that there is collaboration between the company and its suppliers, as a first step towards a low-carbon supply chain.…”

Section: Materials Flow Cost Accountingmentioning

confidence: 99%

“…Furthermore, its focus on the physical and monetary flows along the production activity allows to include the supply chain in the system, thus permitting to calculate the carbon footprint of the company and its products. The use of Material Flows Cost Accounting (MFCA) does also provide transparency and information for making decisions about the environmental impacts of the company [3], as well as better coordination and communication about energy usage in the organization [4]. As concluded by Nakajima et al [2], MFCA simultaneously supports the reduction in environmental impact and costs, while making it possible for the company to significantly reduce purchasing costs, as long as collaboration and understanding prevail between the company and its suppliers.…”

Section: Introductionmentioning

confidence: 99%

Accounting for Carbon Footprint Flows in Wine Production Process. Case Study in Spanish Winery

2020

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Companies are gradually becoming conscious about the necessity of reducing their environmental impact and adopting low-carbon strategies in order to cope with increasing institutional and social demands. However, remaining competitive while reducing the environmental impact and improving the corporate image requires adopting sophisticated mechanisms boosting eco-efficiency and keeping costs tight. Material Flows Cost Accounting (MFCA) is an instrument that allows the monitoring of, measurement of, and accounting for physical and monetary processes along the production process. If extended to the supply chain, and applied to the energy usage and CO2 emissions, it allows one to account for the Carbon Footprint (CF) of a company and its products at any given stage of the value chain. The current paper presents a case study developed under the framework of a three-year project to introduce an energy use and carbon emissions monitoring and accounting system in a large winery company in Spain, based on the MFCA approach and CF accountability. Including the supply chain of the company and the whole farming cycle of its main input, the case study presents the method and phases adopted to implement the project, its direct and indirect results and outcomes, and the conclusions that can be extracted, which may be inspirational for practitioners and scholars envisaging similar projects.

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“…The relevance of management information for the needs of managing an economic entity determines the greatest concretization of accounting tools, provided by the results of estimated and other planning, control, analysis and, ultimately, management decisions [1][2][3].…”

Section: Introductionmentioning

confidence: 99%

Development of Methodological Foundations for Stating the Cost of Agricultural Products

Polikarpova¹,

Mizikovskiy²

2020

Proceedings of the International Conference on Policies and Economics Measures for Agricultural Development (AgroDevEco 2020)

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The key task of managing the production of a modern economic entity is to minimize the labor product cost. Its value, in turn, is determined by choosing the method of cost accounting and calculating the labor product cost, depending on characteristics of the production process. The current methodological approach to planning production costs and the use of calculated indicators does not meet agricultural conditions and requires significant adjustments. The proposed reorientation of the general methodological approach to planning and cost accounting and determining the cost of agricultural production involves fundamental changes in determining reporting periods of production. The article substantiates the need to revise the timing of the implementation of budget, provisory and actual costing in agricultural organizations. An example of the preparation and adjustment of the cost budget of production costs is presented, which may be used to prepare the relevant budget documentation. The implementation of the proposed approach helps to improve the accuracy of accounting information about the planned and actual cost and will also make optimization and efficiency of control functions and management decisions possible.

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Production and cost theory-based material flow cost accounting

Cited by 27 publications

References 26 publications

Technical, economic, and environmental performance assessment of manufacturing systems: The Multi-layer Enterprise Input-Output formalisation method

Technical, economic, and environmental performance assessment of manufacturing systems: The Multi-layer Enterprise Input-Output formalisation method

Accounting for Carbon Footprint Flows in Wine Production Process. Case Study in Spanish Winery

Development of Methodological Foundations for Stating the Cost of Agricultural Products

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