Velocity Costing for A Manufacturing Environment
Borrowing from the Theory of Constraints model, velocity costing identifies manufacturing units, recharacterizes employee roles and responsibilities, and drives employee behavior with cost-centered performance measurements in four key areas. The authors detail a seven-step implementation process focused on the shop floor employees of a manufacturing environment. Velocity costing integrates cost and time management so that the cost system becomes adaptive to organizational change.
Balachandran, Bala and David Barter. 2002. Velocity Costing for A Manufacturing Environment. Journal of Cost Management. 16(1): 39-42.