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Accounting and Supply Chain Management: A Synergistic Partnership
Author: Dr. Anya Sharma, CPA, CSCP, Associate Professor of Supply Chain Management, University of California, Berkeley. Dr. Sharma has over 15 years of experience in both accounting and supply chain management, with a focus on the intersection of these two critical business functions.
Keywords: accounting and supply chain management, supply chain finance, cost accounting, inventory management, supply chain analytics, financial reporting, procurement, supply chain optimization, integrated business processes.
Publisher: Wiley Publishing, a leading publisher of academic and professional books and journals known for its high-quality content and rigorous peer-review process.
Editor: Mr. David Chen, CMA, Senior Editor at Wiley Publishing with 20 years of experience in editing business and finance publications.
1. Introduction: The Intertwined Worlds of Accounting and Supply Chain Management
The effective management of a modern supply chain is inextricably linked to robust accounting practices. While often viewed as separate disciplines, accounting and supply chain management are deeply interdependent, forming a synergistic partnership that directly impacts a company's profitability, efficiency, and overall competitiveness. Understanding this intricate relationship is crucial for organizations striving for optimal performance in today's dynamic business environment. This article explores the key intersections of accounting and supply chain management, highlighting their significance and relevance in achieving strategic business goals.
2. The Role of Cost Accounting in Supply Chain Management
Cost accounting plays a pivotal role in optimizing supply chain operations. Accurate cost tracking, allocation, and analysis are essential for making informed decisions regarding sourcing, inventory management, transportation, and production. Activities like activity-based costing (ABC) allow businesses to pinpoint the true cost of each supply chain activity, enabling identification of areas for improvement and cost reduction. This granular level of cost visibility is critical for accounting and supply chain management integration. By understanding the cost drivers within the supply chain, companies can negotiate better prices with suppliers, optimize inventory levels to minimize holding costs, and select the most cost-effective transportation modes. Effective cost accounting also supports pricing decisions, ensuring profitability and competitive advantage.
3. Inventory Management and its Accounting Implications
Inventory represents a significant asset for many businesses, and its management directly affects both the balance sheet and the income statement. Effective inventory management, a core aspect of supply chain management, aims to minimize holding costs while ensuring sufficient stock to meet customer demand. Accounting principles, such as the First-In, First-Out (FIFO) and Last-In, First-Out (LIFO) methods, directly impact the valuation of inventory and the calculation of cost of goods sold. Accurate inventory tracking and valuation are crucial for financial reporting and for avoiding discrepancies that could lead to inaccurate financial statements. The integration of accounting and supply chain management in this area ensures that inventory data is consistently and accurately reflected in the financial records, enhancing the reliability of financial information.
4. Supply Chain Finance and its Accounting Impact
Supply chain finance encompasses the management of cash flows throughout the supply chain. This involves optimizing payment terms with suppliers, managing accounts receivable, and securing financing to support supply chain operations. Accounting and supply chain management are intricately linked in this area, as accurate financial forecasting, budgeting, and cash flow management are crucial for effective supply chain finance. Effective accounting practices ensure timely payment to suppliers, which fosters strong supplier relationships and improves the overall efficiency of the supply chain. Conversely, efficient supply chain operations contribute to improved cash flow and reduced financing costs, benefiting the overall financial health of the organization.
5. The Use of Technology and Data Analytics in Integrating Accounting and Supply Chain Management
Modern technology plays a crucial role in integrating accounting and supply chain management. Enterprise Resource Planning (ERP) systems, for instance, provide a centralized platform that integrates financial and supply chain data, facilitating real-time visibility and improved decision-making. Data analytics, applied to supply chain data, allows for the identification of trends, patterns, and anomalies, leading to improved forecasting, risk management, and cost optimization. This integration allows for more accurate financial reporting and improved supply chain performance, ultimately contributing to better profitability and competitive advantage. The use of blockchain technology is also emerging as a transformative tool for improving transparency and traceability within the supply chain, with significant implications for both accounting and supply chain management.
6. Risk Management and its Accounting and Supply Chain Interplay
Supply chain disruptions, whether due to natural disasters, geopolitical events, or supplier failures, can have significant financial implications. Effective risk management is therefore critical. Accounting and supply chain management work in tandem to identify, assess, and mitigate these risks. Accounting systems can be used to track potential risks and their associated financial costs, allowing for proactive mitigation strategies. Supply chain managers, in turn, can implement strategies to diversify sourcing, build resilient networks, and establish contingency plans to minimize the impact of disruptions. The integrated approach strengthens the resilience of the entire organization.
7. Performance Measurement and Key Performance Indicators (KPIs)
The success of both accounting and supply chain management is measured through key performance indicators (KPIs). For supply chain management, common KPIs include inventory turnover, lead times, order fulfillment rates, and on-time delivery. In accounting, KPIs often focus on profitability, return on investment (ROI), and cost efficiency. Integrating accounting and supply chain management means aligning these KPIs to create a holistic view of organizational performance. This integrated approach enables a more comprehensive understanding of the overall effectiveness of the business and allows for more targeted improvement initiatives.
8. The Future of Accounting and Supply Chain Management
The future of accounting and supply chain management will be increasingly shaped by technology, data analytics, and the growing emphasis on sustainability. Artificial intelligence (AI) and machine learning (ML) will play a larger role in automating tasks, improving forecasting accuracy, and optimizing supply chain operations. The increasing focus on environmental, social, and governance (ESG) factors will necessitate a greater emphasis on transparency and traceability in supply chains, requiring sophisticated accounting systems to track and report on ESG performance.
9. Conclusion
The integration of accounting and supply chain management is not merely a best practice; it is a necessity for organizations aiming to achieve sustainable profitability and competitive advantage. By fostering a synergistic relationship between these two functions, companies can achieve greater efficiency, cost reduction, improved risk management, and enhanced financial performance. The ongoing evolution of technology and the increasing complexity of global supply chains will only strengthen the need for a tightly integrated approach.
FAQs
1. How does accounting impact supply chain decisions? Accounting provides the financial data needed for informed decisions about sourcing, inventory, pricing, and transportation. Accurate cost accounting is crucial for optimizing supply chain operations.
2. What are the key KPIs for integrated accounting and supply chain management? KPIs include inventory turnover, lead times, order fulfillment rates, on-time delivery, profitability, ROI, and cost efficiency.
3. How can technology improve the integration of accounting and supply chain management? ERP systems, data analytics, and AI/ML can improve data visibility, forecasting, and automation of tasks.
4. What role does supply chain finance play in the overall financial health of a company? Efficient supply chain finance improves cash flow, reduces financing costs, and strengthens supplier relationships.
5. How can companies improve the accuracy of their inventory valuation? Utilizing appropriate inventory accounting methods (FIFO, LIFO) and integrating inventory management systems with accounting systems is essential.
6. What are the main challenges in integrating accounting and supply chain management? Challenges include data silos, lack of communication between departments, and resistance to change.
7. How does blockchain technology impact accounting and supply chain management? Blockchain enhances transparency, traceability, and security within the supply chain, improving the accuracy of accounting data.
8. What is the importance of risk management in the context of accounting and supply chain management? Proactive risk management, enabled by both functions, minimizes disruptions and protects the financial health of the organization.
9. How can companies ensure the sustainability of their supply chains from an accounting and management perspective? Integrating ESG factors into financial reporting and supply chain decision-making is crucial for long-term sustainability.
Related Articles:
1. "The Impact of Cost Accounting on Supply Chain Optimization": This article delves deeper into the various cost accounting methods and their application to optimizing different stages of the supply chain.
2. "Inventory Management Strategies for Improved Financial Performance": This explores different inventory management techniques and their effect on the bottom line.
3. "Supply Chain Finance: Strategies for Optimizing Cash Flow": This focuses on the financial aspects of managing the supply chain, including working capital management and financing options.
4. "The Role of Data Analytics in Enhancing Supply Chain Visibility": This examines the use of big data and advanced analytics for improved decision-making in the supply chain.
5. "Risk Management in Global Supply Chains: An Accounting Perspective": This analyzes supply chain risks from an accounting standpoint, focusing on financial implications and mitigation strategies.
6. "Implementing ERP Systems for Integrated Supply Chain and Accounting Management": This provides a practical guide to deploying ERP systems for improved integration.
7. "Blockchain Technology and its Application in Supply Chain Transparency": This explores how blockchain improves transparency and traceability in supply chains.
8. "Sustainable Supply Chain Management: An Accounting and Financial Analysis": This examines the financial aspects of building and maintaining sustainable supply chains.
9. "Key Performance Indicators (KPIs) for Measuring Supply Chain and Accounting Performance": This article focuses on the selection and utilization of relevant KPIs to track overall performance.
| accounting and supply chain management: Management Accounting in Supply Chains Andreas Taschner, Michel Charifzadeh, 2020-07-15 Companies more and more compete as integrated supply chains rather than as individual firms. Success of the entire supply chain (SC) determines the economic well-being of the individual company. With management attention shifting to supply chains, the role of management accounting (MAC) naturally must extend to the cross-company layer as well. MAC can make a significant contribution to SC success, but is faced with a multitude of problems and challenges when trying to do so. Students both in supply chain management (SCM) or management accounting (MAC) respectively, are typically not familiarized with these issues. There is still a clear gap in higher education teaching when it comes to management accounting in a cross-company setting. This textbook wants to fill the gap. It targets students who are already familiar with the fundamentals of accounting and now want to extend their expertise in the field of cross-company (or network) management accounting – with supply chains being the typical case in point. Practitioners might draw valuable insights from the text as well. This textbook has been developed for university courses conducted in English language, especially in Germany, Austria and Switzerland. Additional questions via app: Download the Springer Nature Flashcards app for free and use exclusive additional material to test your knowledge. |
| accounting and supply chain management: Environmental Management Accounting and Supply Chain Management Roger L. Burritt, Stefan Schaltegger, Martin Bennett, Tuula Pohjola, Maria Csutora, 2011-05-19 This volume’s focus on the environmental accounting of supply chain processes is of particular relevance because these processes supply data about the environmental impact of relationships between business organisations, an area where the boundary separating internal and external accounting is ill-defined. Here, contributors advocate what they term ‘accounting for cooperation’ as a more environmentally positive complement to the paradigmatic practice of ‘accounting for competition’. |
| accounting and supply chain management: Supply Chain Management Accounting Simon Templar, 2019-03-03 The need to contain costs across the business is as strong as ever and the search for cost reduction opportunities is intensifying. There still remains one last major opportunity to take out costs - through the supply chain. Ultimately all costs will make their way to the final marketplace to be reflected in the price paid by the end user. Smart companies instead seek to make the supply chain more competitive through the value it creates and the costs it reduces overall. They have realized that the real competition is not company against company but rather supply chain against supply chain. Supply Chain Management Accounting looks at how the evolution of supply chains has been dramatic over the last few years, with more and more companies moving to sourcing overseas, distributing finished goods to overseas markets, and increasing their international operations. The seeking of low-cost country sourcing, optimizing manufacturing, and exporting products and services has created new challenges to demand forecasting and supply chain planning. Supply Chain Management Accounting presents a wide range of approaches and ground-breaking research findings. The book covers profitability, liquidity and asset utilization, product costing, activity-based costing, investment appraisal, customer profitability analysis, budgeting and sales and operations planning. Online supporting resources include invaluable study questions and worked solutions to reinforce the learning as well as multiple-choice questions with solutions and PowerPoint activities. |
| accounting and supply chain management: Cost Management in Supply Chains Stefan Seuring, Maria Goldbach, 2013-03-09 Supply Chain Management and Cost Management are important developments helping companies to respond to increased global competition and demanding customer needs. Within the 23 chapters of the book, more than 35 authors provide insights into new concepts for cost control in supply chains. The frameworks presented are illustrated with case studies from the automotive, textile, white goods, and transportation industry as well as from retailing. Academics will benefit from the wide range of approaches presented, while practitioners will learn from the examples how their own company and the supply chains which they compete in, can be brought to lower costs and better performance. |
| accounting and supply chain management: Practical Finance for Operations and Supply Chain Management Alejandro Serrano, Spyros D. Lekkakos, 2020-03-10 An introduction to financial tools and concepts from an operations perspective, addressing finance/operations trade-offs and explaining financial accounting, working capital, investment analysis, and more. Students and practitioners in engineering and related areas often lack the basic understanding of financial tools and concepts necessary for a career in operations or supply chain management. This book offers an introduction to finance fundamentals from an operations perspective, enabling operations and supply chain professionals to develop the skills necessary for interacting with finance people at a practical level and for making sound decisions when confronted by tradeoffs between operations and finance. Readers will learn about the essentials of financial statements, valuation tools, and managerial accounting. The book first discusses financial accounting, explaining how to create and interpret balance sheets, income statements, and cash flow statements, and introduces the idea of operating working capital—a key concept developed in subsequent chapters. The book then covers financial forecasting, addressing such topics as sustainable growth and the liquidity/profitability tradeoff; concepts in managerial accounting, including variable versus fixed costs, direct versus indirect costs, and contribution margin; tools for investment analysis, including net present value and internal rate of return; creation of value through operating working capital, inventory management, payables, receivables, and cash; and such strategic and tactical tradeoffs as offshoring versus local and centralizing versus decentralizing. The book can be used in undergraduate and graduate courses and as a reference for professionals. No previous knowledge of finance or accounting is required. |
| accounting and supply chain management: Supply Chain Management William C. Copacino, 2019-08-13 From one of the world's leading consultants, authors and practitioners in the area of supply chain management comes the most extensive coverage of the subject to date. Bringing more than 18 years of experience in logistics, manufacturing, purchasing, customer service, and supply chain management in a wide variety of industries, William Copacino offers his unique insight and recommendations in Supply Chain Management. This important book provides an overview of all areas of supply chain management in a concise yet informative style. Any busy executive or manager looking to deepen his or her understanding of supply chain management will find this efficient reading. Ideal for manufacturers, service companies, suppliers, distributors and retailers in consumer product, electronic, automotive, pharmaceutical and medical product industries. Provides strategies, tools and techniques for both executives and managers in production, purchasing, inventory control, customer service, distribution and accounting. Academicians will find it fits the growing needs of students studying business and especially production/operations management. |
| accounting and supply chain management: The Internet Supply Chain D. Chorafas, 2001-05-17 The rapid advancement of technology and of Internet commerce in a globalized market has brought change at an unprecedented rate. Credit institutions, manufacturing, merchandising and service companies are finding that their traditional methods and tools for accounting and logistics no longer suffice. They must develop more efficient processes, able to assure management control in real-time, promote transparency in accounts, and make immediate corrective action possible. The earlier they prepare to take advantage of the Internet supply chain, the greater the benefits will be. This book focuses on the most significant developments taking place in the market, their impact on the accounting and finance function, the new efficient logistics solutions, and how new technology effects commerce. Based on an extensive research project in the US, Britain, Germany, France, Austria, Switzerland and Sweden, The Internet Supply Chain explains what can be expected in business opportunities and in cost savings from selling and purchasing through the internet. The author goes on to suggest how accounting and logistics will need to be restructured to cope with, and make the most of the challenges and benefits presented by the Internet supply chain. |
| accounting and supply chain management: Management Accounting in Supply Chains Andreas Taschner, Michel Charifzadeh, 2024-01-06 In today's business landscape, companies compete more and more as integrated supply chains rather than as individual firms. The success of the entire supply chain determines the economic well-being of each company involved. With management attention shifting to supply chains, the role of management accounting naturally must extend to the cross-company layer as well. This book demonstrates how management accounting can make a significant contribution to supply chain success. It targets students who are already familiar with the fundamentals of accounting and want to extend their expertise in the field of cross-company (or network) management accounting. Practitioners will draw valuable insights from the text as well. This second edition includes a new Chapter on Digitalization and Supply Chain Accounting, as well as new opener cases to each chapter that provide real-world examples. Additional questions via app: Download the Springer Nature Flashcards app for free and use exclusive additional material to test your knowledge. |
| accounting and supply chain management: Fundamentals of Supply Chain Management Kenneth B. Ackerman, 2007 |
| accounting and supply chain management: Financing Trade and International Supply Chains Mr Alexander R Malaket, 2014-02-28 The vast majority of international trade is supported by some form of trade financing: a specialized, sometimes complex form of financing that is poorly understood even by bankers and seasoned finance and treasury experts. Financing Trade and International Supply Chains takes the mystery out of trade and supply chain finance, providing a practical, straightforward overview of a discipline that is fundamental to the successful conduct of trade: trade that contributes to the creation of economic value, poverty reduction and international development, while increasing prosperity across the globe. The book suggests that every trade or supply chain finance solution, no matter how elaborate, addresses some combination of four elements: facilitation of secure and timely payment, effective mitigation of risk, provision of financing and liquidity, and facilitation of transactional and financial information flow. The book includes observations on the effective use of traditional mechanisms such as Documentary Letters of Credit, as well as an overview of emerging supply chain finance solutions and programs, critical to the financing of strategic suppliers and other members of complex supply chain ecosystems. The important role of export credit agencies and international financial institutions is explored, and innovations such as the Bank Payment Obligation are addressed in detail. Financing Trade and International Supply Chains is a valuable resource for practitioners, business executives, entrepreneurs and others involved in international commerce and trade. This book balances concept with practical insight, and can help protect the financial interests of companies pursuing opportunity in international markets. |
| accounting and supply chain management: Practical Lean Accounting Brian H. Maskell, Bruce Baggaley, Larry Grasso, 2017-07-27 The methods and concepts presented in the bestselling first edition revolutionized the approach to the management and control of Lean companies. Enhanced with extensive end-of-chapter exercises and downloadable resources with Lean accounting tools, the second edition of this preeminent practitioner’s guide is now suitable for classroom use. Practical Lean Accounting: A Proven System for Measuring and Managing the Lean Enterprise, Second Edition explains exactly what it takes to transform a traditional accounting system to one that supports and enhances a company’s Lean efforts. Defining the fundamental principles of Lean accounting, it demonstrates how to use them to identify and eliminate wasteful transactions. The book includes coverage of cell performance measurement, use of the box score, operational and financial planning, cost targeting, Lean accounting diagnostics, and value stream mapping. Retaining the easy-to-use format that made the first edition a bestseller, this updated edition includes: A new section on the use of value stream performance measurements in continuous improvement A re-written Target Costing chapter that emphasizes a value-based approach to the management of the Lean value system A Lean Accounting Diagnostic tool to help you assess progress and develop a plan for implementing changes Cutting-edge examples that illustrate implementation in accounting departments Downloadable resources with data from the ECI Value Stream Cost Analysis case study included in the text, Excel templates, and end-of-chapter questions with solutions The book contains a wealth of tools that makes it ideal for company training sessions and advanced undergraduate and graduate-level courses. For each major example provided, two similar problems are included—one for instructors to guide students through and a second for students to work through on their own. An additional set of problems and questions for testing purposes are also available to instructors on the authors’ website. Unfortunately, during the publishing process mistakes can be made that are not caught before the book is printed. Productivity Press takes great care to catch any errors prior to the printing stage. |
| accounting and supply chain management: The Effect of Supply Chain Management on Business Performance Milan Frankl, 2018-03-22 Supply chain management (SCM) is the process of managing the operations of a system of organizations, people, activities, information, and resources involved in efficiently moving products or services from suppliers to customers. SCM can effectively conduct the movements of physical items, knowledge, and information from the original supplier to the final end-user. In this book, we explore the systemic analysis of SCM and its effect on business development performance. We identify the structural problems in the supply chain, clarify how they influence the functioning of business development, and suggest elaboration of strategic approaches to address those problems. The author includes professional perspectives and insights from experts including various SCM sources. |
| accounting and supply chain management: Shared Services in Finance and Accounting Tom Olavi Bangemann, 2005 Most large companies worldwide today have some kind of shared services concept in place. Over half of the medium and large companies are currently engaged in some kind of shared service project activity. The investment in shared services is always calculated in millions. In other words, the costs of getting it right (or getting it wrong) can be huge. Shared Services in Finance and Accounting is a concise blueprint for identifying, assessing, designing, implementing and improving the process for shared services in the finance and accounting function. Tom Bangemann focuses on critical success factors, the people issues involved, and learning from other people's big mistakes. The book includes a variety of real life examples and real benchmarking data, performance metrics and best practices. The section on implementation is based on a proven five-phase methodology and explains the steps and activities involved as well as showing examples of the deliverables and the results you can expect. Any CEO, MD, CFO, Finance Director and senior finance people will find this book a 'must-have' guide to the process before they start and an excellent benchmark against which to measure the performance of any existing shared service operation. |
| accounting and supply chain management: Management Accounting and Control Michel Charifzadeh, Andreas Taschner, 2017-10-30 Management accounting has been the basic toolbox in business administration for decades. Today it is an integral part of all curricula in business education and no student can afford not to be familiar with its basic concepts and instruments. At the same time, business in general, and management accounting in particular, is becoming more and more international. English clearly has evolved as the lingua franca of international business. Academics, students as well as practitioners exchange their views and ideas, discuss concepts and communicate with each other in English. This is certainly also true for management accounting and control. Management Accounting is becoming more and more international. ?Management Accounting and Control? is a new textbook in English covering concepts and instruments of management accounting at an introductory level (primarily at the Bachelor level, but also suited for general management and MBA courses due to a strong focus on practical relevance). This textbook covers all topics that are relevant in management accounting in business organizations that are typically covered in German and Central European Bachelor courses on management accounting and control. After a general introduction to the field of management accounting and control the book discusses cost management as an extension of cost accounting. Typical cost management instruments such as target costing, life cycle costing and process-based costing approaches are explained in detail. Differences between Anglo-American activity-based costing (ABC) and German process-based costing are highlighted. The book then turns to an extensive discussion of planning and budgeting tasks in management accounting with a strong focus on the practical application of the topic such as developing a budget in practice. Another chapter is dedicated to a comparison of traditional budgeting with modern /alternative budgeting approaches. A major part of the book is dedicated to the broad area of performance management. The relevance of financial statement information for performance management purposes is discussed in detail. In addition, the most widely spread financial performance indicators are illustrated using real-world examples. The book also includes detailed content on value-based management control concepts. In a consecutive chapter, performance measurement is linked with strategy while extensively discussing the Balanced Scorecard as a key tool in strategic performance management. The remaining parts of the book deal with management reporting as one of the main operative tasks in management accounting practice. The book closes with insight into new fields and developments that currently influence management accounting practices and research and promise to play an increasingly important role in the future. |
| accounting and supply chain management: Introduction to Business Lawrence J. Gitman, Carl McDaniel, Amit Shah, Monique Reece, Linda Koffel, Bethann Talsma, James C. Hyatt, 2024-09-16 Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License. |
| accounting and supply chain management: Accounting, Innovation and Inter-Organisational Relationships Martin Carlsson-Wall, Håkan Håkansson, Kalle Kraus, Johnny Lind, Torkel Strömsten, 2018-05-11 Successful innovation is a true challenge and especially when today’s companies are intertwined in close inter-organisational relationships and networks with e.g. customers and suppliers. Research has indicated that accounting can play important roles in such innovation processes, but there is little in-depth systematic knowledge about this issue. Accounting, Innovation and Inter-Organisational Relationships gathers leading researchers from all around the world to argue for the importance of more systematic knowledge about accounting, innovation and inter-organisational relationships. Accounting, Innovation and Inter-Organisational Relationships thus becomes an important source for researchers and practitioners interested in accounting and inter-organisational relationships as well as the related disciplines of management, marketing, innovation and strategy. |
| accounting and supply chain management: Research Methodologies in Supply Chain Management Herbert Kotzab, Stefan Seuring, Martin Müller, Gerald Reiner, 2006-01-16 For reseach in all subjects and among different philisopical paradigms, research methodologies form one of the key issues to rely on. This volume brings a series of papers together, which present different research methodologies as applied in supply chain management. This comprises review oriented papers that look at what kind of methodologies have been applied, as well as methodological papers discussing new developments needed to successfully conduct research in supply chain management. The third group is made up of applications of the respective methodologies, which serve as examples on how the different methodological approaches can be applied. All papers have undergone a review process to ensure their quality. Therefore, we hope that this book will serve as a valid source for current and future researchers in the field. While the workshop on “Research Methodologies in Supply Chain Management” took place at the Supply Chain Management Center, Carl von Ossietzky Univ- sity in Oldenburg, Germany, it is based on a collaboration with the Supply Chain Management Group of the Department of Operations Management at the Cop- hagen Business School and the Department of Production Management at the Vienna University of Economics and Business Administration. We would like to thank all those who contributed to the workshop and this book. |
| accounting and supply chain management: Accounting for Business Studies Aneirin Sion Owen, 2003 Accounting for Business Studies offers a business perspective rather than an accounting perspective, and covers: e-business, including case studies; globalization, including case studies; business skills, like interpretation, analysis and communication; IT integrated into specific business situations; risk factors and risk reduction; and models such as Porter's five forces, supply chain and product life cycle. |
| accounting and supply chain management: Financing the End-to-end Supply Chain Simon Templar, Erik Hofmann, Charles Findlay, 2016 Get a clear introduction to the emerging field of supply chain finance, and learn how to approach the key issues by drawing on both theory and practice. |
| accounting and supply chain management: Supply Chain Strategy and Financial Metrics Bram DeSmet, 2018-05-03 Supply Chain Strategy and Financial Metrics is a step-by-step guide to balancing the triangle of service, cost and cash which is the essence of supply chain management. Supply chains have become increasingly strategy-driven, and this Supply Chain Triangle approach puts the supply chain at the heart of the strategy discussion instead of seeing it as a result. Supply Chain Strategy and Financial Metrics fully reflects the 'inventory' or 'working capital' angle and examines the optimisation of the supply chain and Return on Capital Employed. Including case studies of Barco, Casio and a selection of food retail companies, this book covers building a strategy-driven KPI dashboard, target setting and financial benchmarking. Regular examples and diagrams illustrate how different types of strategies lead to different trade-offs in the Supply Chain Triangle. This ground-breaking text links supply chain, strategy and finance through financial metrics, therefore creating value for the shareholder. Online supporting resources include worksheets covering basic financial concepts such as cash flow and working capital, with example data sets and guidelines/exercises to make it interactive. |
| accounting and supply chain management: Fundamentals of Supply Chain Management John T. Mentzer, 2004-05-05 This book is an insightful, well-balanced, stimulating SCM Strategy book that clearly tells managers, consultants, as well as educators that the SCM concept is not a fad but a must strategy to gain competitive advantage in today′s dynamic global market place. There are three major strengths. First, it is an unprecedented interdisciplinary SCM strategy book that explains how companies obtain, maintain, and even enhance competitive advantages based upon a well-laid SCM strategy. Second, it provides readers a unique, well-balanced framework for SCM strategy formulation. Third, it is a valuable contribution in the area of SCM in that it does a good job in explaining such a complicated SCM strategy to readers in such a simple manner. —Soonhong (Hong) Min, University of Oklahoma Author of the bestselling text Supply Chain Management, John T. Mentzer′s companion book Fundamentals of Supply Chain Management: Twelve Drivers of Competitive Advantage has been developed as a supplemental text for any course dealing with strategy and supply chains. Written in an entertaining, accessible style, Mentzer identifies twelve drivers of competitive advantage as clear strategic points managers can use in their companies. Research from more than 400 books, articles, and papers, as well as interviews with over fifty executives in major global companies, inform these twelve drivers. The roles of all of the traditional business functions—marketing, sales, logistics, information systems, finance, customer services, and management—in supply chain management are also addressed. Complete with cases and real-world examples from corporations around the world, the book′s exemplars will help students and practicing managers to more effectively understand, implement, and manage supply chains successfully. |
| accounting and supply chain management: Logistics Management and Strategy Alan Harrison, Heather Skipworth, Remko I. van Hoek, James Aitken, 2019 |
| accounting and supply chain management: Managing Passenger Logistics Paul Fawcett, 2000 Addresses the changes in passenger logistics and explores the various ways in which it is planned and managed in the various forms of transport. |
| accounting and supply chain management: Handbook of Research on Social and Economic Development in the European Union Bayar, Yilmaz, 2019-11-29 The EU has experienced serious economic and political crises such as the sovereign debt crisis and Brexit in the past few years. However, despite these issues, the EU has implemented considerable institutional, fiscal, and collective improvements during the unification process to continue as a significant actor in the global economy. The Handbook of Research on Social and Economic Development in the European Union provides a multidisciplinary evaluation of the institutional, economic, and social development of the European Union and makes inferences for the future dynamics and collaborations of the EU, the global economy, and other countries. Featuring coverage on a broad range of topics such as energy security, gender discrimination, and global economics, this book is ideally designed for government officials, policymakers, world leaders, politicians, diplomats, international relations officers, economists, business professionals, historians, market analysts, academicians, researchers, and students concerned about the multifaceted integration processes surrounding the EU. |
| accounting and supply chain management: Supercharging Supply Chains Gene Tyndall, Christopher Gopal, Wolfgang Partsch, John Kamauff, 1998-05-06 New research and experiences are demonstrating that shareholder value is improved dramatically when companies reach higher levels of operational excellence. Supply chain management, when planned, designed, and executed effectively, is the key to achieving high levels of operating performance which, in turn, drives shareholder value. The Ernst & Young Global Supply Chain Management Consulting Practice has assisted hundreds of well-known, multinational companies in minimizing their total costs, growing the business profitability, and achieving higher levels of customer satisfaction. Supercharging Supply Chains through speed, focus, and customer intensity enables smart companies to realize their visions and business strategies better than their competitors. Saving millions, increasing customer shares, and increasing free cash flow are kinds of benefits being reached by those select companies that operate high-performing supply chains in their global markets. Now, for the first time, key partners and leaders of the firm's Global Supply Chain Management Team reveal their proven approaches and industry-leading experiences to help your business improve. Beginning with an innovative view of supply chain excellence and its impact on shareholder value, Supercharging Supply Chains examines numerous management issues: why and how operational excellence helps companies sell more products; what new ideas are being implemented to achieve this excellence within the key business processes of Plan, Buy, Make, and Sell; how to introduce new products effectively into global supply chains; and how the best companies are making it happen. Supercharging Supply Chains cites case examples of such leading names as Procter & Gamble, 3M, Reebok, Dell Computer, Hewlett-Packard, Ford Motor, and several others to illustrate how the leaders benefit from these new ways of achieving value through operational excellence. Insightfully written by leaders in global supply chain management, and featuring their innovative perspectives and unparalleled expertise, this book is essential reading for all business executives and managers who want to achieve operational excellence and global supply chain success. More than a treatise, Supercharging Supply Chains gives senior managers clear, strategic insights linking this much talked about subject to free cash flow and shareholder value goals. Well organized, the authors provide a strong, practical framework for understanding how cost, time, and speed are changing the way successful companies achieve operational excellence. - John W. Snow, Chairman, President and Chief Executive Officer, CSX Corporation Supercharging Supply Chains is a book whose timing is right. In today's global markets competition is fierce, and the best companies are competing more and more through operational excellence. - Ken Watchmaker, Chief Financial Officer Reebok International, Ltd. Probably one of the largest untapped opportunities in business today . . . Supercharging Supply Chains is loaded with practical advice on how to drive added value through integrated demand/supply management. We will put it to good use! - Ralph W. Drayer, Vice President Efficient Consumer Response, The Procter & Gamble Company With this book, readers get innovative and strategic perspectives for the global and regional management of the entire supply chain. At the same time, large cost reduction potentials are unlocked through supply chain management to improve your competitive position. - Hans-Dieter Panzer General Manager Logistics, Siemens |
| accounting and supply chain management: Global Supply Chain Management Matt Drake, 2012-01-11 Thanks to the development of internet- and network-based information and communication systems, virtually every product and service produced today has a supply chain that extends around the globe. For the last twenty-five years, companies such as Wal-Mart, Dell, and Toyota have enjoyed strong competitive advantages in their respective markets as a result of their world-class supply chains. As the supply chain increasingly lengthens, managers at all levels of the organization must understand the unique challenges of working with suppliers and customers located around the world--and the opportunities that can build new competitive advantages. This book will introduce readers at all levels of experience to cutting-edge methods and strategies for global sourcing and global distribution through the discussion of current research and case study vignettes from companies in every corner of the world. |
| accounting and supply chain management: Strategic Supply Chain Management Carlos Cordón, Kim Sundtoft Hald, Ralf W. Seifert, 2013-05-02 The supply chain is at the heart of every successful business organization's decision-making process. This textbook explains how to create a winning supply chain management strategy by spotlighting how senior executives in European and US companies have turned their supply chains into strategic weapons designed to convert threats, risks and outside pressures into competitive advantages. Strategic Supply Chain Management contains twenty real-world cases, all of which have been field researched by a top author team and tested out in the classroom. Each case adopts an executive leadership perspective to illuminate the real dilemmas faced by managers. The authors draw on their extensive classroom and industry experience to ensure that the writing style is geared towards an executive education readership. This elite case package will provide a complete teaching resource and authentic learning experience for MBA and executive education classes in Supply Chain Management throughout the world. |
| accounting and supply chain management: Building A Responsive And Flexible Supply Chain Yoshiteru Minagawa, 2018-08-15 This book identifies accounting-based management control system practices for managing integrated and flexible supply chains and increasing customer satisfaction. It further explores how a company can enhance its supply chain integration. The book considers the effects of allocating supply chain's joint profit and incentive alignment as managerial instruments to facilitate integration and cooperation among partners. Furthermore, the book examines how to flexibly manage integrated supply chains from the perspectives of the product/service lifecycle, partner switching, and strategic flexibility. It also examines the use of management accounting systems to improve customer satisfaction in supply chains. Management accounting practices examined in the book involve balanced scorecard, switching cost, target costing, value-based pricing, target-pricing, and quality costing.The book also investigates the different types of supply chains: fabless supply chains, an inter-firm network comprising of parts suppliers and assemblers, non-profit supply chains. |
| accounting and supply chain management: Economics of Accounting Peter Ove Christensen, Gerald Feltham, 2006-03-30 This book provides an integrated, technical exposition of key concepts in agency theory, with particular emphasis on analyses of the economic consequences of the characteristics of contractible performance measures, such as accounting reports. It provides a succinct source for learning the fundamentals of the economics of incentives. It will appeal to accounting researchers as well as those in other disciplines who are interested in the economics of management incentives. |
| accounting and supply chain management: Companies Accounting Standards Practices Domenic Collins, 2014-05 The contents of this book cover: 'Operations Management of Accounting: Supply Chain Management', 'Problems Addressed by Supply Chain Management', 'Importance of Supply Chain Management', 'Historical Developments in Supply Chain Management', and much more. |
| accounting and supply chain management: E-commerce Operations Management (2nd Edition) Marc J Schniederjans, Qing Cao, Jason H Triche, 2013-09-20 This updated edition of the book blends in new e-commerce technologies. Mobile commerce (M-commerce) and use of cloud computing are offering a new set of challenges and opportunities for those individuals who know what they are and how they are related to e-commerce. Their use opens up new markets, expanding the need for larger operations, which in turn requires greater knowledge of the operations management subjects presented in this book.The book is focused on issues, concepts, philosophies, procedures, methodologies, and practices of running e-commerce operations. It connects the basic operations management activities undertaken by every organization (e.g., inventory management, scheduling, etc.) and translates their application into issues and problems faced in the field of e-commerce.The book also provides current research findings, strategies, and practices that can help students in the field of operations management run and improve their e-commerce operations. It covers most of the basic operations management activities and functions and has been designed for an upper-level undergraduate business, a graduate business or engineering management course on e-commerce operations management for university students. Students interested in e-commerce operations will find this book a valuable guide to the important aspects of starting up and running an e-commerce operation. They can learn from reading this book how supply chains, products and processes, human resources and purchasing functions can supported and enhanced by the use of e-commerce. In addition, students can learn how to undertake forecasting and scheduling in e-commerce operations. Decision-makers and managers who have to reengineer e-commerce operations can also use this book as a guide to understanding e-commerce. |
| accounting and supply chain management: Management Control of Global Supply Chains Nils Horch, 2009 Within global and rapidly changing environments, cooperation and networking offer possibilities for sharing costs and risks, as well as keeping up with constantly renewed information from outside the firms' boundaries. In line with this, an effective management control of supply chain processes seems to be relevant to compete against other supply chains and to get the required information. In this context, an implementation of a management control institution for inter-firm relations, like a supply chain management control (SCMC), that provides relevant qualitative and quantitative data to manage supply chains reflects an important issue. However, a comprehensive approach with regard to the management control of the entire supply chain and how it can be fulfilled has received scant attention in prior research. The aim of this thesis is therefore to analyze management control systems in global supply chains by means of a mixed methods design with special regard to functional, institutional and instrumental issues. In this context, qualitative data are combined with theoretical insights to develop an empirical model which is tested by means of a quantitative study. Following this, insights into management control aspects, organization of the supply chain management control, management control mechanisms, and the integration of suppliers are provided. |
| accounting and supply chain management: Global Logistics and Supply Chain Management John Mangan, Chandra Lalwani, Tim Butcher, 2008-06-10 Written by two highly experienced authors, this new text provides a concise, global approach to logistics and supply chain management. Featuring both a practical element, enabling the reader to ‘do’ logistics (select carriers, identify routes, structure warehouses, etc.) and a strategic element (understand the role of logistics and supply chain management in the wider business context), the book also uses a good range of international case material to illustrate key concepts and extend learning. |
| accounting and supply chain management: Environmental Management Accounting Christian Herzig, Tobias Viere, Stefan Schaltegger, Roger L. Burritt, 2012-03-15 Sustainable development will not happen without substantial contributions from and leading roles of companies and business organizations. This requires the provision of adequate information on corporate social and ecological impacts and performance. For the last decade, progress has been made in developing and adapting accounting mechanisms to these needs but significant work is still needed to tackle the problems associated with conventional accounting. Until recently, research on environmental management accounting (EMA) has concentrated on developed countries and on cost–benefit analysis of implementing individual EMA tools. Using a comparative case study design, this book seeks to redress the balance and improve the understanding of EMA in management decision-making in emerging countries, focussing specifically on South-East Asian companies. Drawing on 12 case studies, taken from a variety of industries, Environmental Management Accounting: Case Studies of South-East Asian Companies explores the relationship between decision situations and the motivation for, and barriers to, the application of clusters of EMA tools as well as the implementation process itself. This book will be useful to scholars interested in the environmental and sustainability management accounting research field and those considering specific approaches to EMA within emerging economies. |
| accounting and supply chain management: Service Supply Chain Systems Tsan-Ming Choi, 2016-04-14 Supply chain management is a well-developed area. The traditional supply chains are dynamic systems which include the forward and reverse flows of physical products and the related information and fund. However, a service supply chain is different because the real product may take the form of a service which implies that many traditionally cruc |
| accounting and supply chain management: Supply Chain Development for the Lean Enterprise Robin Cooper, 2017-12-06 Four questions determine whether a company is using interorganizational cost management. Does your firm set specific cost-reduction objectives for its suppliers? Does your firm help its customers and/or suppliers find ways to achieve their cost-education objectives? Does your firm take into account the profitability of its suppliers when negotiating component pricing with them? Is your firm continuously making its buyer-supplier interfaces more efficient? If the answer to any of these questions is no, your firm risks introducing products that cost too much or are not competitive. The full potential of the supply network can be realized only when the entire supply chain adopts interorganizational cost management practices. Competitive pressure has led many firms to try to increase the efficiency of supplier firms through interorganizational cost management systems, a structured approach to coordinating the activities of firms in a supplier network to reduce the total costs in the network. It is particularly important to lean enterprises for two reasons: Lean enterprises typically outsource more of the added value of their products than their mass producer counterparts. Lean enterprises usually compete more aggressively and must manage costs more effectively. Interorganizational cost management can reduce costs in three ways: through product design, through product manufacture and through cooperative approaches between buyers and suppliers to build smoother interfaces. However, more than just cost management must cross interorganizational boundaries. Suppliers are also a major source of innovation for lean enterprises. Successful supplier networks encourage every firm in the network to innovate and compete more aggressively. Read this book to learn to manage the supply chain to forge competitive advantage while reducing costs. |
| accounting and supply chain management: Price, Quality and Trust Mari Sako, 1992-10-08 The management of buyer-supplier relations has come to be regarded as a key to achieving manufacturing competitiveness, particularly in sectors facing global competition based on both price and quality. This book is a theoretical and empirical exploration of the link between the type of buyer-supplier relations and corporate performance. Dr Sako examines how British and Japanese companies in the electronics industry manage their relationships with buyers and suppliers, the empirical study comprising a three-way comparison of a Japanese customer company, a British customer company, and a Japanese company in Britain, and an analysis of 36 supplier companies in Britain and Japan. Variations of the companies' business practices are assessed in terms of technology, the nature of market competition, the national legal framework, financial structures, employment systems, and the mode of entrepreneurship. The author identifies two distinct approaches in the two countries - the arm's-length contractual relation (ACR) in Britain, and the obligational contractual relation (OCR) in Japan - and argues that the trust and interdependence present in the latter can be a powerful springboard from which to achieve corporate success. |
| accounting and supply chain management: Global Supply Chain Management and International Logistics Alan E. Branch, 2008-12-19 Until now, no book dedicated to international logistics and supply chain management had existed. Featuring numerous case studies and diagrams obtained from logistic operators, Branch‘s book remedies this oversight, and skilfully illustrates his ideas in practice. |
| accounting and supply chain management: ERP and Supply Chain Management Christian Ndubisi Madu, Chu-hua Kuei, 2005-06-10 Businesses today are faced with avalanche of information. There is need to effectively manage information to serve customers better. In today's highly competitive environment, businesses need to be able to organize and coordinate their information so that a single view of information is maintained by all the service channels. Information management can help to understand customers? wants and needs and integrate such in product design. It helps to manage inventory and reduces both cost and the cycle time to introduce new products to the marketplace. Time-to-market is a critical issue in achieving competitiveness and without the availability of timely and accurate information; it will not be possible to respond proactively to the changing market environment. This book is about ERP and Supply Chain Management. ERP is the short form for Enterprise Resource Planning. The aim of ERP is to integrate the functions of the different business units and departments such as finance, operations, accounting and human resources. This integration is necessary to organize and coordinate information that may be scattered in different departments and making them available in an organized format to the different decision centers where they may be needed. Through this integrative approach, the different functional units of the business are able to share a common database, exchange information, and have consistent view of their operations. This consistent view is also presented to the customer thus improving the quality of customer service. With the integration of the information system, the different functional departments work together to achieve common organizational goals and objectives. Without suchintegration, common customer services such as order processing would be difficult to track and inconsistent information may be relayed by the different departments to the customer. Supply chain management is an integral aspect of ERP. Businesses today focus on their core competence. It is no longer technically and economically feasible to focus on all activities. Rather, certain activities may be shifted to partners or vendors that have core competence in such areas. Mercedes Benz may find it better to subcontract its radios to Bose while focusing on its car designing. Yet, these two companies may need to share key information on customers? wants and needs as well as information on product designs. Integrating a supplier into the common database helps in providing quality products and services that will satisfy the needs of the customer. Information technology plays a critical role in effective development of ERP system. As many businesses develop online marketplace, it becomes even more important to develop a single view of transactions to all value chain partners including customers, manufacturer, suppliers and other vendors. This book therefore adopts a focus on ERP and Supply Chain Management to develop better plans to better serve the customer. It adopts a management and a systemic perspective of these issues and does not deal with the software aspects of ERP. The focus is on the fundamentals rather than on the advanced issues. The book is intended to help managers, executives, and students to understand the basic concepts of ERP and Supply Chain Management. |
| accounting and supply chain management: Cost Accounting and Financial Management for Construction Project Managers Len Holm, 2018-09-03 Proper cost accounting and financial management are essential elements of any successful construction job, and therefore make up essential skills for construction project managers and project engineers. Many textbooks on the market focus on the theoretical principles of accounting and finance required for head office staff like the chief financial officer (CFO) of a construction firm. This book's unique practical approach focuses on the activities of the construction management team, including the project manager, superintendent, project engineer, and jobsite cost engineers and cost accountants. In short, this book provides a seamless connection between cost accounting and construction project management from the construction management practitioner’s perspective. Following a complete accounting cycle, from the original estimate through cost controls to financial close-out, the book makes use of one commercial construction project case study throughout. It covers key topics like financial statements, ratios, cost control, earned value, equipment depreciation, cash flow, and pay requests. But unlike other texts, this book also covers additional financial responsibilities such as cost estimates, change orders, and project close-out. Also included are more advanced accounting and financial topics such as supply chain management, activity-based accounting, lean construction techniques, taxes, and the developer’s pro forma. Each chapter contains review questions and applied exercises and the book is supplemented with an eResource with instructor manual, estimates and schedules, further cases and figures from the book. This textbook is ideal for use in all cost accounting and financial management classes on both undergraduate and graduate level construction management or construction engineering programs. |
Understanding Supply Chain Finance - PwC
Understanding Supply Chain Finance Subject An explanation of how Supply Chain Finance works, and a deeper look at the benefits of and requirements for implementing such an …
SUPPLY CHAINS: A FINANCE PROFESSIONAL’S PERSPECTIVE
In this report we set out how supply chains are evolving and how collaboration across the two disciplines can benefit both parties, improve organisational capability, manage business and …
Accounting, Purchasing and Supply Chain Management …
Abstract: This paper examines an interface between accounting system and purchasing/supply chain management. It explains how professional purchasing/supply management and …
Management accounting and supply chain strategy Final for …
First, fit between lean- and agile supply chain strategies, and supply chain management accounting practice. Second, supply chain relationship structure, modelled as the extent to …
IMPROVING ACCOUNTING INFORMATION SYSTEMS TO …
Management accounting systems must be used to measure the costs across the supply chain and calculate the total costs across the activity chain as to enable accounting and supply chain to …
MANAGEMENT ACCOUNTING IN A SUPPLY CHAIN …
However, attempts to systematically relate supply chain management (SCM) to management accounting practices (MAP) have been limited. In this paper, we investigate companies’ SCM …
Impact of accounting information systems on supply chain …
text of supply chain management. The research begins by exploring the evolution of AIS in supply chain management, highlighting their transformation from basic financial transaction tracking …
Management Accounting in Supply Chains - Springer
Since supply chains are most often international by nature and supply chain management accounting concepts do not differ between regions, the textbook is written in English language. …
CHAPTER 3 ACCOUNTING STANDARDS FOR SUPPLY CHAINS
In this paper principles for accounting in supply chains will be developed. The three principles we introduce are: the reciprocity in information access, asset investment and retrieval, and …
Statements on Management Accounting - Institute of …
Increasingly, many organizations have begun to embrace the concept of integrated supply chain management. Studies in various industries have shown that supply chain performance could …
INVESTIGATING THE RELATIONSHIP BETWEEN SUPPLY CHAIN …
This paper investigates relationships between supply chain management and management accounting practices and their individual or combined effects on both supply chain and overall …
Integrating accounting models with supply chain …
Through case studies, best practices, and implementation strategies, this paper provides a roadmap for aerospace companies to integrate accounting models with supply chain …
An Introduction to the Supply Chain Management Literature …
o Measuring, evaluating, and improving supply chain transactions and relationships o Assessing supplier health and the long-term sustainability of supply relationships § Is this still the best …
Cost Accounting in Logistics and Supply Chain Management
Via the DuPont model, different accounting elements are isolated from the traditional volume-based accounting information – including logistics cost information – to illustrate the effect on …
Impact of Accounting Methods on Supply Chain Contracts: …
findings indicate that both historical and fair value-cost accounting methods affect supply chain contract outcomes when market conditions change. Furthermore, creative accounting directly …
Supply Chains, Supply Chain Management 1 and …
What tasks and problems might a cross-disciplinary function such as supply chain management accounting (SCMAC) possibly deal with? It is questions like these that need to be answered …
Cost Management in Supply Chains - Springer
This chapter outlines how cost accounting forms the basis for pro-active management of costs and how cost management can be implemented in a supply chain environ-ment. Cost …
Interfirm supply chains: The contribution of management …
Our study of the implications of supply-chain management initiatives for management accounting and for management accountants both supports that criticism and shows how management …
Supply Chains, Supply Chain Management and Management …
This chapter defines the key concepts of management accounting, logistics, supply chains, and supply chain management (SCM) and discusses the interrelationships between them.
SUPPLY CHAIN MANAGEMENT A GUIDE FOR …
Supply Chain Management (SCM) function across government and will assist stakeholders to understand the responsibilities this implies. This document explains the impact of the changes …
Understanding Supply Chain Finance - PwC
Understanding Supply Chain Finance Subject An explanation of how Supply Chain Finance works, and a deeper look at the benefits of and requirements for implementing such an …
SUPPLY CHAINS: A FINANCE PROFESSIONAL’S PERSPECTIVE
In this report we set out how supply chains are evolving and how collaboration across the two disciplines can benefit both parties, improve organisational capability, manage business and …
Accounting, Purchasing and Supply Chain Management …
Abstract: This paper examines an interface between accounting system and purchasing/supply chain management. It explains how professional purchasing/supply management and …
Management accounting and supply chain strategy Final …
First, fit between lean- and agile supply chain strategies, and supply chain management accounting practice. Second, supply chain relationship structure, modelled as the extent to …
IMPROVING ACCOUNTING INFORMATION SYSTEMS TO …
Management accounting systems must be used to measure the costs across the supply chain and calculate the total costs across the activity chain as to enable accounting and supply chain to …
MANAGEMENT ACCOUNTING IN A SUPPLY CHAIN …
However, attempts to systematically relate supply chain management (SCM) to management accounting practices (MAP) have been limited. In this paper, we investigate companies’ SCM …
Impact of accounting information systems on supply chain …
text of supply chain management. The research begins by exploring the evolution of AIS in supply chain management, highlighting their transformation from basic financial transaction tracking …
Management Accounting in Supply Chains - Springer
Since supply chains are most often international by nature and supply chain management accounting concepts do not differ between regions, the textbook is written in English language. …
CHAPTER 3 ACCOUNTING STANDARDS FOR SUPPLY CHAINS
In this paper principles for accounting in supply chains will be developed. The three principles we introduce are: the reciprocity in information access, asset investment and retrieval, and …
Statements on Management Accounting - Institute of …
Increasingly, many organizations have begun to embrace the concept of integrated supply chain management. Studies in various industries have shown that supply chain performance could …
INVESTIGATING THE RELATIONSHIP BETWEEN SUPPLY …
This paper investigates relationships between supply chain management and management accounting practices and their individual or combined effects on both supply chain and overall …
Integrating accounting models with supply chain …
Through case studies, best practices, and implementation strategies, this paper provides a roadmap for aerospace companies to integrate accounting models with supply chain …
An Introduction to the Supply Chain Management Literature …
o Measuring, evaluating, and improving supply chain transactions and relationships o Assessing supplier health and the long-term sustainability of supply relationships § Is this still the best …
Cost Accounting in Logistics and Supply Chain …
Via the DuPont model, different accounting elements are isolated from the traditional volume-based accounting information – including logistics cost information – to illustrate the effect on …
Impact of Accounting Methods on Supply Chain Contracts: …
findings indicate that both historical and fair value-cost accounting methods affect supply chain contract outcomes when market conditions change. Furthermore, creative accounting directly …
Supply Chains, Supply Chain Management 1 and …
What tasks and problems might a cross-disciplinary function such as supply chain management accounting (SCMAC) possibly deal with? It is questions like these that need to be answered …
Cost Management in Supply Chains - Springer
This chapter outlines how cost accounting forms the basis for pro-active management of costs and how cost management can be implemented in a supply chain environ-ment. Cost …
Interfirm supply chains: The contribution of management …
Our study of the implications of supply-chain management initiatives for management accounting and for management accountants both supports that criticism and shows how management …
Supply Chains, Supply Chain Management and …
This chapter defines the key concepts of management accounting, logistics, supply chains, and supply chain management (SCM) and discusses the interrelationships between them.
