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Monthly Archives: January 2013
ABSORPTION COSTING IS THE ENEMY OF LEAN. CHRYSLER AND GM PROVED IT IN 2008.
“Using absorption costing to monitor efficiency can lead companies to make poor production decisions,” says Ranjani Krishnan, professor of accounting at Michigan State. “A company that does this could seem to be growing less efficient when demand decreases. If a … Continue reading
It’s About Spending, Not Costs – Part 4
Continuing my discussion about what I call “Lean Cost Management:” I’ve been making the case for a Lean Cost Management System vs. using “traditional” cost management methods. Management methods differ widely between the two approaches when it comes to keeping … Continue reading
Lean Accounting and Traditional Accounting Compared Part 4 – Lean Culture Integration
We are working our way around my mind map (See below.) So far, it’s been a good “compare and contrast” exercise for me. I hope so for you as well. This time, our topic centers on Lean culture and how … Continue reading
Posted in Lean Accounting, Uncategorized
Tagged BMA Inc., Brian Maskell, Compared, Lean Accounting, Lean culture, Value Stream
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