Controlling Production Variances in Complex Business Processes

Griffioen, Paul; Christiaanse, Rob; Hulstijn, Joris

doi:10.1007/978-3-319-74781-1_6

Cited by 2 publications

(1 citation statement)

References 12 publications

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“…The bill of material is a multi-level document that provides build data for multiple sub-processes. Managing a production process is equivalent to managing the bill of material, in order to track product changes and maintain an accurate list of required components at a certain phase in the production process (Griffioen, Christiaanse, Hulstijn, 2017). Indirect materials are not part of the product, they are not in the bill of material, they are needed for a production process.…”

Section: Introductionmentioning

confidence: 99%

The Differences Between a Standard Costing and Normal Costing Method of Manufacturing Operating Income Calculation Caused by the Implementation of a New Integrated Information System

Fałat

2020

Folia Oeconomica Stetinensia

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Research background: When a company changes a few separated information systems into one integrated information system there can appear the obligation of costing method change. It happens especially when the company is a part of an international manufacturing corporation. Purpose: The main goal of the paper is to compare two methods of manufacturing operating income calculation and data presentation when a company changes a costing method from normal costing to standard costing. Research methodology: In the paper for this research comparative analysis was used between two methods of manufacturing operating income calculation. In the first method manufacturing operating income is the difference between revenues from manufacturing operations and the costs of goods manufactured. In the second one manufacturing operating income is calculated as a sum of production variances, purchase price variances, currency variances and inventory adjustments. Pearson’s correlation coefficients for pairs of variables were calculated in both of the costing methods. A comparative analysis was done on the basis of a case study executed in a big international wholesaler. The company is a member of an international manufacturing corporation. Results: The same manufacturing operating incomes were obtained in both methods. The absolute values of Pearson’s correlation coefficients were similar in normal and standard costing, but they differ in directions. Novelty: In standard costing manufacturing operating income is calculated as a sum of various types of variances. They are calculated as deviations from standard costs. It enables the easier identification of impacting a company’s results factors.

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Section: Introductionmentioning

confidence: 99%

The Differences Between a Standard Costing and Normal Costing Method of Manufacturing Operating Income Calculation Caused by the Implementation of a New Integrated Information System

Fałat

2020

Folia Oeconomica Stetinensia

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Quality 4.0: Data Quality and Integrity – A Computational Approach

Christiaanse¹

2024

Six Sigma and Quality Management

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The use of modern techniques, such as IOT, AI, and machine learning, revolutionized the idea of quality and quality control. Auditors face a tidal wave of data. One of the key challenges is how to determine the quality of the data, systems and processes produce. We propose a computational model to learn the inherent uncertainty to data integrity subsumed in the claims actually done by stakeholders within and outside the organization. The decision procedure combines two strong forms of obtaining audit evidence. These two forms are external conformation and re-performance. The procedure fits in the current modern computational idea data-driven assurance, which is consistent with quality 4.0 concepts in quality control and quality audit practices.

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Controlling Production Variances in Complex Business Processes

Cited by 2 publications

References 12 publications

The Differences Between a Standard Costing and Normal Costing Method of Manufacturing Operating Income Calculation Caused by the Implementation of a New Integrated Information System

The Differences Between a Standard Costing and Normal Costing Method of Manufacturing Operating Income Calculation Caused by the Implementation of a New Integrated Information System

Quality 4.0: Data Quality and Integrity – A Computational Approach

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