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Industry 4.0 And Kaizen Costing 4.0 - Opportunities For Development Of Cost Management Systems Towards Circular Economy

Author

Listed:
  • Rosen Kolev

    (“St. Cyril and St. Methodius” University of Veliko Tarnovo)

Abstract

The importance of management accounting and cost management systems for industrial enterprises is constantly growing. In the conditions of the fourth industrial revolution, management systems of economic agents need to adapt to the new economic environment. This article is an attempt to present the influence of Industry 4.0 on a specific cost management system - Kaizen costing. Additionally, it presents the possibilities for the application of Industry 4.0 and Kaizen costing in the circular economy, which has become the main economic perspective for the EU countries.

Suggested Citation

  • Rosen Kolev, 2023. "Industry 4.0 And Kaizen Costing 4.0 - Opportunities For Development Of Cost Management Systems Towards Circular Economy," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 2 Year 20, pages 62-74.
    • Handle: RePEc:dat:earchi:y:2023:i:2:p:62-74
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    File URL: http://hdl.handle.net/10610/4814
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    References listed on IDEAS

    as
    1. Anja Eisenreich & Johann Füller & Martin Stuchtey, 2021. "Open Circular Innovation: How Companies Can Develop Circular Innovations in Collaboration with Stakeholders," Sustainability, MDPI, vol. 13(23), pages 1-23, December.
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    More about this item

    Keywords

    management accounting; Industry 4.0; Kaizen 4.0; circular economy; cost management systems; costs;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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