Integrating the Last Order Costing model into a lean framework
by A. Davies, E. John, A.J. Thomas
International Journal of Manufacturing Research (IJMR), Vol. 6, No. 2, 2011

Abstract: In today's business environment where the selling price of a product is often dictated by the competitive forces which exist in the marketplace, a well structured 'cost/waste minimisation programme' should enable a company to maintain its long term competitive advantage. In this paper, a 'Last order Costing' methodology has been developed which addresses the identification and minimisation of total production costs within a company. This paper provides a detailed explanation of the methodology and an examination of each cost element within a subject company. It further highlights where more detailed investigation may result in additional financial reductions. [Received 17 August 2009; Revised 7 April 2010; Accepted 22 October 2010]

Online publication date: Sat, 09-May-2015

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