Lean manufacturing: costing the value stream

Purpose - The purpose of this paper is to identify the shortcomings of traditional cost accounting techniques in lean companies and then it seeks to analyse the validity and convenience of value stream costing (VSC) as a tool in a company that has adopted some concepts of lean manufacturing. Design/...

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Autores: Ruiz-de-Arbulo López, Patxi, Fortuny Santos, Jordi|||0000-0001-8106-3385, Cuatrecasas Arbós, Lluís
Tipo de recurso: artículo
Fecha de publicación:2013
País:España
Institución:Universitat Politècnica de Catalunya (UPC)
Repositorio:UPCommons. Portal del coneixement obert de la UPC
Idioma:inglés
OAI Identifier:oai:upcommons.upc.edu:2117/105764
Acceso en línea:https://hdl.handle.net/2117/105764
https://dx.doi.org/10.1108/02635571311324124
Access Level:acceso abierto
Palabra clave:Lean manufacturing
Activity-based costing
Box score
Costs
Lean accounting
Lean production
Value stream costing
Value stream map
Producció ajustada
Àrees temàtiques de la UPC::Economia i organització d'empreses
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spelling Lean manufacturing: costing the value streamRuiz-de-Arbulo López, PatxiFortuny Santos, Jordi|||0000-0001-8106-3385Cuatrecasas Arbós, LluísLean manufacturingActivity-based costingBox scoreCostsLean accountingLean productionValue stream costingValue stream mapProducció ajustadaÀrees temàtiques de la UPC::Economia i organització d'empresesPurpose - The purpose of this paper is to identify the shortcomings of traditional cost accounting techniques in lean companies and then it seeks to analyse the validity and convenience of value stream costing (VSC) as a tool in a company that has adopted some concepts of lean manufacturing. Design/methodology/approach - The paper reviews the relevant literature in order to discuss the deficiencies of costing methods in lean manufacturing. It evaluates the requirements of VSC and provides a concrete illustration of VSC in the continuous improvement process of a point of sales terminal assembly line. Findings - The paper evidences the possible mistakes of cost accounting. The necessity and validity of VSC in lean manufacturing are presented, followed by a case example. In order to make continuous improvement decisions, VSM, VSC and box score offer complete information on the performance of the value stream. Research limitations/implications - Although accompanied by an application on a real case study, this is not an empirical investigation on the adoption of VSC. Practical implications - VSC requirements agree with the fundamentals of lean management. Therefore, VSC is a valid tool for lean companies, although the applicability depends on the maturity of the lean implementation. Originality/value - This paper contributes to the lean accounting literature because the management accounting literature still lags behind the lean transformation. This is one of the first papers on VSC in relevant journals and the first one to combine VSC and box scores with value stream mapping.Peer Reviewed20132013-01-0120172017-06-23journal articlehttp://purl.org/coar/resource_type/c_6501AMhttp://purl.org/coar/version/c_ab4af688f83e57aainfo:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/2117/105764https://dx.doi.org/10.1108/02635571311324124reponame:UPCommons. Portal del coneixement obert de la UPCinstname:Universitat Politècnica de Catalunya (UPC)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2info:eu-repo/semantics/openAccessoai:upcommons.upc.edu:2117/1057642026-05-27T15:37:01Z
dc.title.none.fl_str_mv Lean manufacturing: costing the value stream
title Lean manufacturing: costing the value stream
spellingShingle Lean manufacturing: costing the value stream
Ruiz-de-Arbulo López, Patxi
Lean manufacturing
Activity-based costing
Box score
Costs
Lean accounting
Lean production
Value stream costing
Value stream map
Producció ajustada
Àrees temàtiques de la UPC::Economia i organització d'empreses
title_short Lean manufacturing: costing the value stream
title_full Lean manufacturing: costing the value stream
title_fullStr Lean manufacturing: costing the value stream
title_full_unstemmed Lean manufacturing: costing the value stream
title_sort Lean manufacturing: costing the value stream
dc.creator.none.fl_str_mv Ruiz-de-Arbulo López, Patxi
Fortuny Santos, Jordi|||0000-0001-8106-3385
Cuatrecasas Arbós, Lluís
author Ruiz-de-Arbulo López, Patxi
author_facet Ruiz-de-Arbulo López, Patxi
Fortuny Santos, Jordi|||0000-0001-8106-3385
Cuatrecasas Arbós, Lluís
author_role author
author2 Fortuny Santos, Jordi|||0000-0001-8106-3385
Cuatrecasas Arbós, Lluís
author2_role author
author
dc.subject.none.fl_str_mv Lean manufacturing
Activity-based costing
Box score
Costs
Lean accounting
Lean production
Value stream costing
Value stream map
Producció ajustada
Àrees temàtiques de la UPC::Economia i organització d'empreses
topic Lean manufacturing
Activity-based costing
Box score
Costs
Lean accounting
Lean production
Value stream costing
Value stream map
Producció ajustada
Àrees temàtiques de la UPC::Economia i organització d'empreses
description Purpose - The purpose of this paper is to identify the shortcomings of traditional cost accounting techniques in lean companies and then it seeks to analyse the validity and convenience of value stream costing (VSC) as a tool in a company that has adopted some concepts of lean manufacturing. Design/methodology/approach - The paper reviews the relevant literature in order to discuss the deficiencies of costing methods in lean manufacturing. It evaluates the requirements of VSC and provides a concrete illustration of VSC in the continuous improvement process of a point of sales terminal assembly line. Findings - The paper evidences the possible mistakes of cost accounting. The necessity and validity of VSC in lean manufacturing are presented, followed by a case example. In order to make continuous improvement decisions, VSM, VSC and box score offer complete information on the performance of the value stream. Research limitations/implications - Although accompanied by an application on a real case study, this is not an empirical investigation on the adoption of VSC. Practical implications - VSC requirements agree with the fundamentals of lean management. Therefore, VSC is a valid tool for lean companies, although the applicability depends on the maturity of the lean implementation. Originality/value - This paper contributes to the lean accounting literature because the management accounting literature still lags behind the lean transformation. This is one of the first papers on VSC in relevant journals and the first one to combine VSC and box scores with value stream mapping.
publishDate 2013
dc.date.none.fl_str_mv 2013
2013-01-01
2017
2017-06-23
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
AM
http://purl.org/coar/version/c_ab4af688f83e57aa
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/2117/105764
https://dx.doi.org/10.1108/02635571311324124
url https://hdl.handle.net/2117/105764
https://dx.doi.org/10.1108/02635571311324124
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
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dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
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eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:UPCommons. Portal del coneixement obert de la UPC
instname:Universitat Politècnica de Catalunya (UPC)
instname_str Universitat Politècnica de Catalunya (UPC)
reponame_str UPCommons. Portal del coneixement obert de la UPC
collection UPCommons. Portal del coneixement obert de la UPC
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