Material Flow Cost Accounting (MFCA) to green Supply Chain Management System : A Review

Authors

  • Pradip G Patel  Assistant Professor, Department of Mechanical Engineering , Vidhyadeep Institute of Engineering and Technology, Anita(Kim), Surat, Gujarat, India

Keywords:

MFCA, Green Supply Chain Management, Strategic Competitive Tools, Integrated System, Business Strategy, Efficiency Management

Abstract

This paper examines the potential of adopting material flow cost accounting (MFCA) to help generate innovation in green supply chain management while playing its essential role. A descriptive study for reducing material losses described in this paper was employed to inspect whether MFCA technique would achieve in material losses reduction among multiple suppliers through efforts by the buyer. With MFCA and green supply chain management combined, it can be seen that the implementation can potentially be used as strategic competitive tools for companies to solve logistical problems in order to win global competition. There is potential benefit between joint adoption of MFCA approach and green supply chain management as an integrated system. Despite the potential usefulness, there appear constraints of combining supply chain management system with MFCA approach to be addressed with further study. Those are technological developments and capabilities, environmental issues, global business competition, and the different point of view related to choice for responsive or efficient in business strategy.

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IInternational Journal of Scientific Research in Mechanical and Materials Engineering

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Published

2020-09-30

Issue

Volume 4, Issue 5, September-October-2020

Section

Research Articles

License

Copyright (c) IJSRMME

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

[1]
Pradip G Patel, " Material Flow Cost Accounting (MFCA) to green Supply Chain Management System : A Review, IInternational Journal of Scientific Research in Mechanical and Materials Engineering(IJSRMME), ISSN : 2456-3307, Volume 4, Issue 5, pp.14-20, September-October-2020.