A combination of Material Flow Cost Accounting and design of experiments techniques in an SME: the case of a wood products manufacturing company in northern Thailand

Chompu-inwai, Rungchat; Jaimjit, Benyaporn; Premsuriyanunt, Papawarin

doi:10.1016/j.jclepro.2014.08.039

Cited by 59 publications

(30 citation statements)

References 17 publications

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“…MFCA development models and their application have been proposed in the following nine articles: life cycle assessment (LCA) and supply chain collaboration model (Nakano and Hirao, 2011); enterprise resource planning systems and MFCA (Fakoya and Van Der Poll, 2013); fit thinking based on the all seeing-eye-of-business (Bautista-Lazo and Short, 2013); a mathematical algorithm for MFCA with two examples (an aluminum rolling mill and an internal material cycle in a production system) (Schmidt, 2015); an integrated waste flow mapping method (Kurdve et al, 2015); a procedural model for the integrated use of life cycle costing and LCA (Bierer et al, 2015); MFCA and design of experiments concepts (Chompu-Inwai et al, 2015); extending the scope of MFCA concerning the modeling of energy flow ; a modified MFCA model for an iron and steel enterprise (Zhou et al, 2017); and the prioritization of waste recovery with consideration of hidden costs embedded in process streams (Wan et al, 2015).…”

Section: Mfca Literature and Research In Thailandmentioning

confidence: 99%

“…In Thailand, MFCA programs and promotion activities have been conducted mainly at Chiang Mai University (Chompu-Inwai et al, 2015;Kasemset et al, 2013). APO also conducted a pilot project, including MFCA, in Thailand from 2013 to 2015 (APO, 2016).…”

Section: Mfca Literature and Research In Thailandmentioning

confidence: 99%

“…Its cost percentages of positive and negative products were found to be approximately 84% and 16%, respectively. Similarly, Chompu-Inwai et al (2015) apply MFCA to a wood-product manufacturing company. The cost percentages of positive and negative products were approximately 30% and 70%, respectively.…”

Section: Mfca Literature and Research In Thailandmentioning

confidence: 99%

“…In recent years, the Asian Productivity Organization (APO), supported by the Japanese Ministry of Economy, Trade, and Industry (METI), has conducted a project to expand the use of MFCA in Asia (APO, 2012 and. In Thailand, MFCA programs and promotion activities have been conducted mainly at Chiang Mai University, and several case studies are progressing as well (Chompu-Inwai et al, 2015;Kasemset et al, 2013;Jakrawatana et al, 2016). According to two surveys of the Japanese manufacturing industry (Kitada et al, 2016;Nakajima et al, 2013), while MFCA has been gradually spreading, at least in Japan, it is not presently at the stage where it can become popular in Japan and other Asian countries (Kasemset et al, 2013).…”

Section: Introductionmentioning

confidence: 99%

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Corporate material flow management in Thailand: The way to material flow cost accounting

Yagi

Kokubu

2018

Journal of Cleaner Production

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In recent years, material flow cost accounting (MFCA) has gradually been recognized in Asia by the standardization of ISO 14051 and 14052 and by the project of dissemination undertaken by the Asian Productivity Organization (APO). However, MFCA is still not used across the board. This study analyzes the characteristics of material flow (MF) management to facilitate the expanded use of MFCA. The research framework of this study investigates the degree of MF management and the sequential relationships among financial factors, MF management, and waste performance, based on a questionnaire survey of non-financial listed companies in Thailand. Fifty-eight percent of the respondent firms answer that they are managing MF information (self-rating). Meanwhile, 50%, 49%, 29%, and 24% of the firms actually disclose the amounts of total waste, hazardous waste, raw materials consumed, and recycled waste, respectively. The results of this study show that respondent firms with MF management (self-rating) are more likely to manage/disclose total waste, hazardous waste, and raw materials consumed than those without it. In terms of financial factors, cost ratio and profitability are likely to affect firm decisions regarding whether to manage the MF. Additionally, MF management is likely to decrease the hazardous waste ratio. The series of results shows that firms in Thailand are more likely to be concerned about hazardous waste management than resource efficiency. Therefore, hazardous waste should probably be thoroughly managed, as a preliminary step in the promotion of MFCA.

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Section: Mfca Literature and Research In Thailandmentioning

confidence: 99%

Section: Mfca Literature and Research In Thailandmentioning

confidence: 99%

Section: Mfca Literature and Research In Thailandmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Corporate material flow management in Thailand: The way to material flow cost accounting

Yagi

Kokubu

2018

Journal of Cleaner Production

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“…Chompu-inwai et al [24] conducted a case study on a wood-product manufacturer in northern Thailand. An analysis of the company's production process revealed that almost 70% of the raw wood materials used were waste in the form of chippings, sawdust, off-cuts, and defects.…”

Section: Materials Flow Cost Accountingmentioning

confidence: 99%

The Application of Material Flow Cost Accounting in Waste Reduction

et al. 2019

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Due to the rise in environmental awareness, corporate companies have shifted their focus from an obsession with short-term profits to contemplating long-term strategies to achieve sustainable management. Effective use of resources is the primary indicator of this achievement. Fulfillment of corporate social responsibility and thinking beyond the regulatory aspects of corporate sustainable management are goals that have continually attracted attention worldwide. Material flow cost accounting based on ISO 14051, which was announced by the International Organization for Standardization (ISO), is a tool that can be used to achieve a balance between the environment and economy. We focused on using ISO 14051-based material flow cost accounting as an analytical evaluation tool from the perspectives of finance and accounting personnel. We conducted a case study on a flat-panel parts supplier to determine whether the efficient use of recycled glass could reduce company costs. The primary finding is that the film layer on recycled washed glass tends to be stripped during the production process, causing increased reprocessing costs and thus rendering the cost of renewable cleaning higher than that of reworking. This study revealed that the ISO 14051-based material flow cost accounting analysis constitutes a valuable management tool, thereby facilitating the promotion of sustainable development.

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Tracking Environmental Performance

Silva

Gouveia

2019

Cleaner Production

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A combination of Material Flow Cost Accounting and design of experiments techniques in an SME: the case of a wood products manufacturing company in northern Thailand

Cited by 59 publications

References 17 publications

Corporate material flow management in Thailand: The way to material flow cost accounting

Corporate material flow management in Thailand: The way to material flow cost accounting

The Application of Material Flow Cost Accounting in Waste Reduction

Tracking Environmental Performance

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