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Research Details
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.