Managerial Accounting and Production Performance Analysis System
Belarusian Steel Works
Today the enterprise consists of four main production facilities technologically linked (steel melting, rolling, pipe, steel cord & wire), infrastructure shops and administrative departments.
IBA developed and implemented a managerial accounting system at the Belarusian Steel Works. The system is based on the methods of managerial accounting and production performance analysis suggested in the Theory of Constraints and Total Productive Maintenance.
Two groups of key performance indicators (KPI) are applied in the system.
At the first stage (3–4 months), the solution was customized to meet the specifics of the customer’s business processes. As a result, a working prototype was devised and submitted to the customer. In the course of beta testing of the prototype, a decision was made regarding the number of stages and their contents.