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Value Stream Cost Analysis In The Romanian Footwear Industry

Author

Listed:
  • Dimi OFILEANU

    (“1st of December 1918” University of Alba Iulia)

Abstract

Once the Lean philosophy is developed and implemented to all levels in a company, a new accounting system appears: Lean accounting. Value Stream Cost Analysis is the main and the most powerful instrument of Lean accounting. Because of the fact that VSCA allows us to identify the company’s performance at the proper time, we can rapidly intervene to make the adjustments needed. The Romanian footwear industry is competitive worldwide (14th place in the top of exporters), but in order to improve, it has to rapidly react to clients’ expectations. In the case where the companies have a production system based on Lean philosophy, the implementation of VSCA does nothing but improve the obtained results. This article presents a case study of VSCA application in footwear industry.

Suggested Citation

  • Dimi OFILEANU, 2015. "Value Stream Cost Analysis In The Romanian Footwear Industry," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 8, pages 45-52, June.
    • Handle: RePEc:cmj:seapas:y:2015:i:8:p:45-52
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    References listed on IDEAS

    as
    1. Dimi Ofileanu & Dan Ioan Topor, 2014. "Lean Accounting - An Ingenious Solution for Cost Optimization," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 4(4), pages 342-352, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Lean; Value stream; Value stream cost; Footwear industry;
    All these keywords.

    JEL classification:

    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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