“Annual Expenditure Twenty Pound Ought and Six”
4 February 2009
I read articles and listen to commentary about the bailout of the US financial industry and wonder, “Does giving people money solve their problems?” I…
Stop the Fake Sales Already
22 January 2009
A short blurb in yesterday's Wall Street Journal tweaked my sensibilities yet again. Health-care giant Johnson & Johnson braced investors for…
Myopic Views of Efficiency
15 January 2009
Once again we have someone, this time ostensibly a professor of economics, looking at a concept from an unfortunately narrow perspective. From a lett…
The Myopic Misfocus of Labor Time Standards
17 November 2008
"The largest cost in business is not labor, material, or overhead... it's unnecessary complexity." Who said that? I did. I use it alm…
Compensating Risk
6 October 2008
I've long been at odds with many of my lean compadres in that I don't advocate controls or caps on executive pay. Instead I'd like to see…
Time - The Online Truly Finite Resource
11 September 2008
Time has value. Those of us in the manufacturing world are distinctly aware of this as we deal daily with production schedules, output, and cycle tim…
GAAP RIP
4 September 2008
It's been over a year since we first told you about how the Generally Accepted Accounting Principles (GAAP) will be replaced by the International…
The Value of a Whopper
3 September 2008
When was the last time you ate at a fast "food" restaurant? Notice anything different? Major food makers are quietly altering their recipe…