ISO 14051 Material Flow Cost Accounting

Material Flow Cost Accounting Guidance Process

1. Explanation of the MFCA Implementation Process and Evaluation Methods
2. Define MFCA Assessment Scope=>Determine Material Flow Centers=>Consider Raw Materials and Collection Methods and Specify the Analysis Period.
3. Collect Relevant Input and Output Data According to the Process
4. Build the MFCA Calculation Model and Input Various Data
5. Confirm and Analyze MFCA Calculation Results
6. Identify and sort out issues that need improvement to reduce material loss and reduce costs.
7. Analyze Material Loss Possibilities and Space, Develop Improvement Priorities and Plans.
8. Implement Improvement Plans and Reassess MFCA Total Costs and By-Product Costs Post-Improvement

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