Lean manufacturing guru Taiichi Ohno once said, "Costs do not exist to be calculated. Costs exist to be reduced." A lean manufacturing company vigorously attacks waste in all its forms, which in turn, ...

There is an obscure accounting battle bubbling up around the world that has broad implications for how to run a business. The battle begins when a company starts to implement "lean manufacturing," a ...

Lean manufacturing emphasizes doing more with less and eliminating or reducing wasteful activities and processes. Most typically deployed in manufacturing environments for manufacturing processes, ...

Brian Maskell, noted Lean Accounting expert and co-author of the book Practical Lean Accounting, was the featured presenter at an IndustryWeek-hosted webcast entitled "Why the Lean Enterprise Needs ...

Ever since I attended the Lean Accounting Summit last fall, I have been interested in finding out more about the benefits of lean accounting and why so few companies seem to be adopting it. Despite ...

“ The Lowdown on Lean Accounting ” ( JofA , Jul.04, page 69) was an excellent article. As a lean accounting practitioner, instructor and author, I would like to address some of its points. One ...

When companies adopt the tools and tenets of lean enterprise, they must also retool their accounting systems. Lean accounting maximizes the return on investment that employers can realize from moving ...

Lean accounting concepts are designed to better reflect the financial performance of a company that has implemented lean manufacturing processes. These may include organizing costs by value stream, ...

When the recession hit in 2008, Watlow Electric Manufacturing Co. faced heavy losses and a tough decision. The 2,000-employee electrical equipment manufacturer could follow the conventional path and ...

Subscribe to BizTimes Daily – Local news about the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin. Some Milwaukee-area manufacturers are finding that the ...