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 users, which allows them to establish the relationships between lean operations and costs. Understanding the relationships will allow companies to leverage the economics of lean to drive […]
“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 […]
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 […]
