The Lean office is the result of the progression of Lean from the shop floor to the office environment. It was logical and inevitable that continuous improvement would move from the assembly line to create the Lean office. Why? A significant portion of a manufacturing company costs are administrative. And, Read more…
Continuous improvement focuses on cost reduction—the actual dollar savings that increase profit. The term “savings”, though, has many nuances to it. Hard savings vs. soft savings. Hard savings are the ones with a specific invoice, credit card statement, or payroll expense associated with it. Soft savings are the ones that Read more…
Profit is the pile of money that is left over after all the bills are paid and the costs are tallied. There are many different types of profit for accounting purposes (net profit, gross profit, EBITDA). The ultimate goal of any company is to make a profit. It is not Read more…