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Velocity Costing for A Manufacturing Environment, Journal of Cost Management

Abstract

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.

Type

Article

Author(s)

Bala Balachandran, David Barter

Date Published

2002

Citations

Balachandran, Bala, and David Barter. 2002. Velocity Costing for A Manufacturing Environment. Journal of Cost Management. 16(1): 39-42.

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