New Straits Times posted earlier this month about an environmental tool called Material Flow Cost Accounting (MFCA) that helps companies trace waste, emissions, and non-products so that they can improve their environmental and economic performance.
Material Flow Cost Accounting (MFCA) is an environmental tool that was developed in Germany in the late 1990s and has been widely adopted in Japan. MFCA is applicable to all industries that use materials and energy, including extractive, manufacturing, service and other industries. It can be implemented by all organisations in any scale, with or without environmental management systems in place.
Developing productivity and innovation at enterprises will drive and raise the level of organisational productivity and innovation. This will, in turn, lower operating costs, boost competitiveness and increase real wage growth. This is one aspect of an overall strategy to enhance productivity and sustainability in long-term economic growth.
Eagle Technologies Group is an industry leader in the design and installation of factory automation systems worldwide.