Standard costing systems were designed for mass production manufacturing. In a lean company, using the information from standard costing systems to leads to non-lean behavior, poor decisions and: If you […]
Taiichi Ohno said “Costs do not exist to be calculated. Costs exist to be reduced.” A little known benefit of lean thinking is it will reduce costs over time, but […]
Lean performance measurements are an essential tool in a lean company to measure performance, identify process problems & issues and measure the impact of continuous improvement. In order to achieve […]
It is essential for a lean company’s management accounting system to be transformed into a leanmanagement accounting system in order to provide managers with relevant and reliable information to make better […]
One outcome of lean is a reduction in inventory, and this creates a unique opportunity for accounting to simplify the inventory valuation process while maintaining compliance with Generally Accepted Accounting […]
Using lean to create a continuous improvement system for accounting is different than in lean manufacturing. The basic lean tools and practices are relevant for accounting, but the starting points […]
BMA’s December Webinar - Connecting Continuous Improvement to the Bottom Line In partnership with KPI Fire (www.kpifire.com) join Nick Katko of BMA on December 19, 2023, at 11:00 am Eastern US time for this free webinar, which will last one hour. It is well known that continuous improvement has a positive impact on the performance […]
“Time is money” is an expression we’ve all heard or used many times. It means “don’t squander or waste time because it’s a valuable resource that needs to be spent wisely.” In lean companies, this is how lean leaders view time, as a valuable resource. Their focus is on getting all employees to spending more […]
A value stream income statement is an essential analytical financial management tool for a lean organization. It presents revenue and expenses in a usable, easy to understand format for internal […]
In this webinar, Nick Katko will share BMA’s proven process for a successful lean management accounting transformation, which can be used by any lean company in any industry. In this […]
