Development of an Operation-Centric Costing System: The Case of a Water-Recycling Fabrication Facility

Pieter Buys () and Hannelie Nel
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Pieter Buys: North West University
Hannelie Nel: University of Johannesburg

Chapter Chapter 2 in Designing Cost Management Systems to Support Business Decision-Making, 2021, pp 11-39 from Springer

Abstract: Abstract The availability of sufficient water resources is arguably a dominant risk factor in contemporary society. This case study considers the quest of an organisation in the wastewater-recycling industry, to ensure its business strategies are attained, specifically in terms of effective cost management. The objective is to investigate whether a costing system, linked to the business operations, could support these objectives. It was found that the organisation operates as a group of three distinct entities with complementary functions, and that very limited analysis and management effort is directed towards the indirect costs. This resulted in essentially guessing the potential indirect cost implications. The study proposes the current costing application be adjusted in order to enable the incorporation of the operational information in decision support.

Keywords: Cost management; Engineering management; Process-re-engineering (search for similar items in EconPapers)
JEL-codes: L74 M11 M41 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-1751-5_2

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DOI: 10.1007/978-981-16-1751-5_2

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