MFCA involves several steps (adapted from (METI, 2007;
Chompu-inwai et al., 2014) including;
1. Preparation (Set system boundary and determine relevant material,
flow and processes)
2. Data collection & compilation (Collect and compile the data of
material flow quantities and material loss quantities, collect and
compile relevant cost data)
3. MFCA calculation (Do material balance and add all the cost data
to the material flow (linking physical and monetary flow).
4. Identifying improvement requirements (Identify and list requirements
for improvement, including material loss and cost
reduction)