The relevance of Life Cycle Costing in Green Public Procurement

Innovative management accounting practices for sustainability of manufacturing small and medium enterprises

“…Investing in cleaner modes of production, the enterprise is able to improve and stay ahead of the competition. The capabilities of an enterprise to innovate and discover new methods or technologies for greener production establish an enterprise's competitiveness in the long run Kenya 37 Nucci et al (2016) The study revealed that LCC is a powerful instrument used by enterprises and institutions for different purposes, such as procurement, design, cost monitoring and estimation for environmental protection. LCC considers the environmental externalities of the product under design and its life cycle as well as determine its monetary value and sustainability 43 VE helps enterprises to identify and eliminate unnecessary cost that may impact negatively on the environment and society which necessitates the function of least costs of the product's output.…”

“…Furthermore, the scholars argue that environmental strategic prospects are identified in the process of integrating, that is, environmental technology, energy conservation strategy, products design, market packaging, and recycling. These activities demand innovative MAPs to evaluate strategic cost/benefits analysis, alternative cost savings scenario's, full life-cycle costing (LCC), activity-based costing (ABC), reports on waste control, investment appraisals, management control and performance evaluation (Biernacki, 2015;Ntalamia, 2017;Nucci et al, 2016;Testa et al, 2011). For instance, innovative MAPs might identify, measures and link environmental and social accounts to capital budgeting (Ndwiga & van der Poll, 2013;Nuhu et al, 2016).…”

“…According to Biernacki (2015); Nucci et al (2016) and Drury (2018) PLCC projects and calculates a product's cost cumulatively over its total life cycle to ascertain if the expected profit in the manufacturing stage will defray the costs incurred over the entire manufacturing stage. They furthermore maintain that the identified costs incurred over several stages of a product's life cycle may offer an understanding of the product's total costs accumulated in its life cycle.…”

Recycling Cost formation and Profitability of foods and beverages firm: Evidence from Flour Milling Industries of Nigeria Plc (1991-2021)

“…In the usage phase, the operating, maintenance, and repair costs are particularly relevant for the client. In the recovery phase, there are also dismantling and disposal costs (Iraldo, Nucci & Giacomo, 2016;Korpi, & Ala-Risku, 2008;Akselsson & Burström, 1994, in Gaus, Wehking, Glas & Eßig, 2022. The use of end-of-life products has become a vital business issue today.…”