Monthly Archives: April 2014

Oxymorons: Food for Thought

I’m starting a new series (thought provoking or maybe just provoking …) about some of the oxymorons we find in the “traditional” manufacturing world. An oxymoron is a figure of speech that combines contradictory terms.  We hear these all the … Continue reading

Posted in Management Accounting, Uncategorized | Tagged , , | 1 Comment

Do Accounting People Get in the Way of Lean Success?

I have to say that for most of the companies BMA works with, the answer is “NO.”  In fact, the finance people are in the forefront of moving lean forwards.  Most of our customers have hired us to help them … Continue reading

Posted in Continuous Improvement, Endorsements from Customers, Lean Accounting, Lean Culture, Uncategorized | Tagged , , , , , , , , | 1 Comment

A Better Way to Understand Product Profitability

Many companies calculate product profitability by subtracting a Standard Cost from the Price and calling it a Margin. But this calculated margin does NOT tell you how much money you are making. It tells you almost nothing about the profit … Continue reading

Posted in Decision-Making, Lean Accounting, Lean Manufacturing, Making Money with Lean Acct, Management Accounting, Performance Measures, Product Costs | Tagged , , , , , , , , , | Leave a comment