Tag Archives: Value Stream Costing

Using Value Stream Costing for Root Cause Analysis

Value Stream Costing (VSC) is often misunderstood when it’s introduced into a business. First reactions to VSC often are based on incorrect or incomplete beliefs about VSC.  The purpose of value stream costing is to get all employees focused on … Continue reading

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Standard Costing Debunked – Part 4: So Long, Standard Costing!

Throughout most of this year, I’ve been leading up to this – as I’ve written about the issues facing CFO’s in Lean companies. About why standard costing just doesn’t work for companies that are Lean. And why Lean Accounting offers … Continue reading

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Standard Costing Debunked – Part 3: Labor Costs

Throughout most of this year,  I’ve been leading up to this – as I’ve written about the issues facing CFO’s in Lean companies.  About why standard costing just doesn’t work for companies that are Lean.  And why Lean Accounting offers … Continue reading

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