graphic credit: Sandy Munro
Business often focuses on areas with the biggest bottom line contribution.
Where is it?
The biggest opportunity to impact these costs can be in product design where decisions lock in the on-going costs.
Traditional cost accounting misses this.
You don’t have to.
Peter Desloge, CEO of Watlow, which encourages everyone, including workers, to innovate.
traditional #accounting methods focuses on short term results & don’t recognize the gains achieved
Full article here:
“To sustain a lean transformation, top executive and financial managers must know how to transform traditional accounting practices to a new system that not only is lean itself but also supports lean practices.”