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Applying modern accounting techniques in complex manufacturing

Myrelid, Andreas LU and Olhager, Jan LU (2015) In Industrial Management & Data Systems 115(3). p.402-418
Abstract
Purpose – The purpose of this paper is to analyze the applicability of lean accounting and throughput accounting in a company with considerable investments in advanced manufacturing technology (AMT).



Design/methodology/approach – The paper compares lean accounting and throughput accounting with the traditional accounting system the company is using today. The authors investigate the differences between the three alternative approaches and use a case study approach to illustrate the effects of applying different modern accounting approaches in a complex manufacturing setting.



Findings – Pair-wise comparisons of the three approaches provide some interesting cost information as to the role of bottlenecks... (More)
Purpose – The purpose of this paper is to analyze the applicability of lean accounting and throughput accounting in a company with considerable investments in advanced manufacturing technology (AMT).



Design/methodology/approach – The paper compares lean accounting and throughput accounting with the traditional accounting system the company is using today. The authors investigate the differences between the three alternative approaches and use a case study approach to illustrate the effects of applying different modern accounting approaches in a complex manufacturing setting.



Findings – Pair-wise comparisons of the three approaches provide some interesting cost information as to the role of bottlenecks and value streams.



Research limitations/implications – The specific results of this study are limited to the case company, but can hopefully contribute to further research on how to combine lean and throughput accounting for mixed manufacturing environments, involving both value streams and bottlenecks.



Practical implications – Lean and throughput accounting provide other perspectives on cost information to traditional accounting, and can therefore be used in combination. The authors identify some issues and challenges involved in using lean accounting and throughput accounting in an AMT company.



Originality/value – This paper contributes with a comparison of traditional, lean, and throughput accounting in a specific industrial setting characterized by AMT and complex manufacturing. (Less)
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Lean, Theory of constraints, Throughput, Advanced Manufacturing technology, Bottleneck, Value stream costing
in
Industrial Management & Data Systems
volume
115
issue
3
pages
402 - 418
publisher
Emerald Group Publishing Limited
external identifiers
  • wos:000354647900001
  • scopus:84927710651
ISSN
1758-5783
DOI
10.1108/IMDS-09-2014-0250
language
English
LU publication?
yes
id
594190ac-9de9-446e-9b77-485d949b7777 (old id 5275563)
date added to LUP
2015-06-26 08:12:30
date last changed
2017-01-01 04:18:02
@article{594190ac-9de9-446e-9b77-485d949b7777,
  abstract     = {Purpose – The purpose of this paper is to analyze the applicability of lean accounting and throughput accounting in a company with considerable investments in advanced manufacturing technology (AMT).<br/><br>
<br/><br>
Design/methodology/approach – The paper compares lean accounting and throughput accounting with the traditional accounting system the company is using today. The authors investigate the differences between the three alternative approaches and use a case study approach to illustrate the effects of applying different modern accounting approaches in a complex manufacturing setting.<br/><br>
<br/><br>
Findings – Pair-wise comparisons of the three approaches provide some interesting cost information as to the role of bottlenecks and value streams.<br/><br>
<br/><br>
Research limitations/implications – The specific results of this study are limited to the case company, but can hopefully contribute to further research on how to combine lean and throughput accounting for mixed manufacturing environments, involving both value streams and bottlenecks. <br/><br>
<br/><br>
Practical implications – Lean and throughput accounting provide other perspectives on cost information to traditional accounting, and can therefore be used in combination. The authors identify some issues and challenges involved in using lean accounting and throughput accounting in an AMT company.<br/><br>
<br/><br>
Originality/value – This paper contributes with a comparison of traditional, lean, and throughput accounting in a specific industrial setting characterized by AMT and complex manufacturing.},
  author       = {Myrelid, Andreas and Olhager, Jan},
  issn         = {1758-5783},
  keyword      = {Lean,Theory of constraints,Throughput,Advanced Manufacturing technology,Bottleneck,Value stream costing},
  language     = {eng},
  number       = {3},
  pages        = {402--418},
  publisher    = {Emerald Group Publishing Limited},
  series       = {Industrial Management & Data Systems},
  title        = {Applying modern accounting techniques in complex manufacturing},
  url          = {http://dx.doi.org/10.1108/IMDS-09-2014-0250},
  volume       = {115},
  year         = {2015},
}