Lean manufacturing guru Taiichi Ohno once said, "Costs do not exist to be calculated. Costs exist to be reduced." A lean manufacturing company vigorously attacks waste in all its forms, which in turn, ...

There is an obscure accounting battle bubbling up around the world that has broad implications for how to run a business. The battle begins when a company starts to implement "lean manufacturing," a ...

“ The Lowdown on Lean Accounting ” ( JofA , Jul.04, page 69) was an excellent article. As a lean accounting practitioner, instructor and author, I would like to address some of its points. One ...

Lean manufacturing emphasizes doing more with less and eliminating or reducing wasteful activities and processes. Most typically deployed in manufacturing environments for manufacturing processes, ...

Brian Maskell, noted Lean Accounting expert and co-author of the book Practical Lean Accounting, was the featured presenter at an IndustryWeek-hosted webcast entitled "Why the Lean Enterprise Needs ...

If you are in the accounting department in a lean manufacturing company, and your company uses a standard costing system, it is inevitable that the you will be faced with dealing how your standard ...

When companies adopt the tools and tenets of lean enterprise, they must also retool their accounting systems. Lean accounting maximizes the return on investment that employers can realize from moving ...

Time has proven he was on the right path. His objective was operational efficiency in pursuit of quality and customer satisfaction…and a healthy profit. Cost accounting, as he saw it applied, impeded ...

When the recession hit in 2008, Watlow Electric Manufacturing Co. faced heavy losses and a tough decision. The 2,000-employee electrical equipment manufacturer could follow the conventional path and ...

Poor processes directly affect client service and client satisfaction. You see it in delays in completing jobs, responding to client requests, or when a partner fails to communicate a piece of ...