Claims that existing literature on concepts such as lean production, just‐in‐time, and total quality management theory fails to address adequately critical aspects of the organizational realities of such innovations. Presents a new concept called “new wave manufacturing” in order to...

Purpose – The purpose of this paper is to highlight the limitations of current accounting practices in an inter‐organisational context; introduce contemporary costing approaches used in inter‐organisational costing (IOC) programmes; and identify the inhibitors of successful implementation...