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

In: Designing Cost Management Systems to Support Business Decision-Making

Author

Listed:
  • Pieter Buys

    (North West University)

  • Hannelie Nel

    (University of Johannesburg)

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.

Suggested Citation

  • Pieter Buys & Hannelie Nel, 2021. "Development of an Operation-Centric Costing System: The Case of a Water-Recycling Fabrication Facility," Springer Books, in: Pieter Buys (ed.), Designing Cost Management Systems to Support Business Decision-Making, chapter 0, pages 11-39, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-1751-5_2
    DOI: 10.1007/978-981-16-1751-5_2
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    More about this item

    Keywords

    Cost management; Engineering management; Process-re-engineering;
    All these keywords.

    JEL classification:

    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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