No this is not a blog post about losing weight or getting leaner, rather it is about LEAN Accounting. My colleagues over at the LEAN Accounting Blog recently published a great article on Why LEAN Really Matters. Many people do not understand LEAN Accounting and I believe if they did they would be more profitable.
The purpose of LEAN Accounting is to support LEAN practices as a business strategy. It seeks to move from traditional accounting methods to a system that measures and motivates excellent business practices in the LEAN environment. LEAN is a process that considers the expenditure of resources for any goal other than the creation of value for the end customer to be wasteful, and thus a target for elimination. Working from the perspective of the customer who consumes a product or service, "value" is defined as any action or process that a customer would be willing to pay for.