Institute media
The Department of Accounting Studies at the Post-graduate Institute for Accounting and Financial Studies at the University of Baghdad discussed the research titled( Improving the Efficiency of Cost Systems in Digital Transformation Using Lean Value Stream Costing (LVSCM) Applied Research) for the student Bakker Khaled Ahmed to obtain certificate of Cost and Managerial accountant certificate, which is the highest professional certificate in the field of specialization, and its holder enjoys all the rights and privileges of a doctorate degree.
The study aimed to improve the efficiency of cost systems within a digital transformation environment by applying lean value stream costing (LVT) technology. This technology integrates lean manufacturing principles with advanced cost analysis methodologies to link financial information to true value streams and identify non-value-added activities.
The study found inefficiencies in human resource utilization and logistics management problems that led to high inventory and delivery costs. The absence of digital transformation resulted in slow financial data generation, deficiencies in the information system, weaknesses in quality control processes, shortcomings in training policy implementation, and a lack of improvement in supply chain management. Therefore, it is now appropriate to implement digital transformation by updating ERP systems to encompass internal processes.
