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