Implementation of Material Flow Cost Accounting into a Bearing Manufacturing Company in India
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Chakravorty S K (Editor) Productivity : a Quarterly Journal of The National Productivity Council Vol 58Summary: This article aims to combine the concept of Material Flow Cost Accounting (MFCA) into a bearing manufacturing company. Material Flow Cost Accounting, as described by ISO-14051 norms, is an Environmental Management Accounting (EMA)tool that seeks to improve a company's productivity while reducing its impact on the environment. The concept was implemented in the following manner by: (a) establishing quantity centres, (b) quantifyingmaterial flow, (c) depicting data on the MFCA flowchart sheet, and (d) proposing necessary changes required for prophylactic measures. The implementation revealed the negative cost of 3.58 percent and the suggestions were forwarded to the company
| Item type | Current library | Call number | Vol info | Status | Notes | Date due | Barcode | Item holds | |
|---|---|---|---|---|---|---|---|---|---|
Journal Article
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Main Library | Vol 58, No 4/ 5558728JA10 (Browse shelf(Opens below)) | Available | 5558728JA10 | |||||
Journals and Periodicals
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Main Library On Display | JOURNAL/OPERATION/ Vol 58, No 4/ 5558728 (Browse shelf(Opens below)) | Vol 58, No 4 (01/01/2018) | Not for loan | January-March-2018 ( Vol 58, No 4) | 5558728 |
This article aims to combine the concept of Material Flow Cost Accounting (MFCA) into a bearing manufacturing company. Material Flow Cost Accounting, as described by ISO-14051 norms, is an Environmental Management Accounting (EMA)tool that seeks to improve a company's productivity while reducing its impact on the environment. The concept was implemented in the following manner by: (a) establishing quantity centres, (b) quantifyingmaterial flow, (c) depicting data on the MFCA flowchart sheet, and (d) proposing necessary changes required for prophylactic measures. The implementation revealed the negative cost of 3.58 percent and the suggestions were forwarded to the company
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