Yesterday, I was given the opportunity to facilitate a public learning session on what is now called ISO 14051:2011. Then, when I was sent to Japan, it was simply called Material Flow Cost Accounting.
According to the ISO website, "Under MFCA, the flows and stocks of materials within an organization are
traced and quantified in physical units (e.g. mass, volume) and the
costs associated with those material flows are also evaluated. The
resulting information can act as a motivator for organizations and
managers to seek opportunities to simultaneously generate financial
benefits and reduce adverse environmental impacts."
Though the web has a generous amount of information on the topic, I was pleasantly surprise to received requests from the audience for the softcopy of my presentation.
So to Ms. Jocelyn Ventocilla (President, Tri-Phil International, Inc.), Mr. Johnny Blas (Program Manager, ON Semiconductor Phils, Inc.), Ms. Eyley Gaw (General Manager/CFO, Integrated Packaging Logistics Manufacturing Inc.) and Ms. Ma. Ivy Molino (Asst. Finance Manager, Broad Electronics Inc.), please use it well. It is a hope from hope that it could assist you in making your respective companies better.
The work that ISO 14051:2011 represents is generational. Though we have to learn and to acquire this knowledge now, it will be basic for the next Filipinos - Asians.
Again, use it well.
And lastly, "... just take the next logical step." :- )
"... why think like mere men?"
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