Strategic Cost Management and Lean Thinking: A Framework for Management Accounting

Cost Management, Forthcoming

Posted: 18 Sep 2007

See all articles by Riccardo Silvi

Riccardo Silvi

University of Bologna - Department of Management

Monica Bartolini

University of Bologna - Department of Management

Peter Hines

Cardiff University - Cardiff Business School

Abstract

Starting from the weaknesses of traditional formal cost accounting systems, this article describes a possible integrative model based on synergies between the Strategic Cost Management approach and some Lean Management tools. This approach has been designed therefore to help enhance the effectiveness of existing costing systems and hence help to provide a route path for firms wanting to improve their strategic and in an operational decision making along lean thinking lines. In particular, this article reports a step-by-step description of the model, essentially based on a process-based costing approach. Evidence from a case study is also reported, in order to better clarify the potential synergy between cost accounting and lean management frameworks.

Keywords: Strategic cost management, lean accounting, process analysis

JEL Classification: M11, M40, M46, L10

Suggested Citation

Silvi, Riccardo and Bartolini, Monica and Hines, Peter, Strategic Cost Management and Lean Thinking: A Framework for Management Accounting. Available at SSRN: https://ssrn.com/abstract=1015291

Riccardo Silvi (Contact Author)

University of Bologna - Department of Management ( email )

P.le della Vittoria, 15
Forli', Bologna 47100
Italy

Monica Bartolini

University of Bologna - Department of Management ( email )

Piazza Scaravilli 1
Bologna, Bologna 40126
ITALY

Peter Hines

Cardiff University - Cardiff Business School ( email )

Aberconway Building
Colum Drive
Cardiff, CF10 3EU
United Kingdom

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