Articles

Image: Constant Work in Progress (CONWIP): Optimizing Lean Manufacturing Processes

Constant Work in Progress (CONWIP): Optimizing Lean Manufacturing Processes

Efficiency and agility are so important for companies constantly seeking ways to streamline production, cut waste, and react swiftly to fluctuating customer needs. A powerful strategy gaining real traction is Constant Work in Progress (CONWIP). It aims to optimize flow by managing the amount of ongoing work (WIP) within manufacturing. Unlike traditional reactive systems which […]

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Image: Throughput Accounting

Theory of Constraints – Throughput Accounting. A Complete Guide

Traditional accounting methods, while good for financial reports, don’t always provide useful intel for optimizing operations. This is where throughput accounting shines. Throughput accounting stems from the Theory of Constraints by Dr. Eliyahu Goldratt. It recognizes that limits, or “bottlenecks”, restrict what companies can achieve. Bottlenecks can be internal, like sluggish production steps, or external […]

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Image: Lean Accounting

Getting Started with Lean Accounting. How Does it Work?

Manufacturers constantly pursue leveling expenses, optimizing output, and amplifying profits. Lean accounting emerges as a valuable means toward these ends. Inspired by lean manufacturing’s waste-reducing ways, this modern methodology aligns financial processes with value creation, refinement, and pull-oriented flows. Toyota’s groundbreaking production system birthed the concept of recognizing standard costing can obscure true performance and […]

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The Best Tools Every Small Business Should be Using

The Best Tools Every Small Business Should be Using

Running a small business is challenging, with owners juggling different roles simultaneously. Consider a business owner handling accounting, inventory management, marketing, and customer support simultaneously – it’s stressful. Fortunately, business owners have access to many software tools to reduce this stress. This article will describe the best tools every small business owner should use. Learn […]

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