Chapter 7Applying Lean to Accounting

DOI: 10.4324/9781003185819-7

There are so many men who can figure costs, and so few who can measure value.

Author unknown

Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius—and a lot of courage—to move in the opposite direction.

E.F. Schumacher1

Accounting is unable to either set or attain ideal standards.

Harrington Emerson

This chapter is divided into three parts:

  • Part 1 Hidden Wastes: The Sixth Level of Waste

  • Part 2 Lean and Collecting Costs

  • Part 3 Lean Accounting by Jerrold Solomon2

Part 1: Hidden Wastes: The Sixth Level of Waste3

Paying the Price: Understanding What It Costs to Run Your Business

We contend that more money is lost in companies ...

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