article thumbnail

Master the PRIMES

Leading Blog

Fixing involves corporate improvement programs like Activity Based Costing, Six Sigma and others.”These The distinction between fixing or creating is important and requires a different approach. What kind of problem are you trying to solve? Fixing is about making a better, faster, cheaper past.

Six Sigma 281
article thumbnail

A Closed-Loop Strategy Execution System

Six Disciplines

Strategy implementation, in turn, links strategy to operations with a third set of tools and processes, including quality and process management, reengineering, process dashboards, rolling forecasts, activity-based costing, resource capacity planning, and dynamic budgeting. Discipline IV. Work The Plan ). Discipline IV.

System 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Closed-Loop Strategy Execution System

Six Disciplines

Strategy implementation, in turn, links strategy to operations with a third set of tools and processes, including quality and process management, reengineering, process dashboards, rolling forecasts, activity-based costing, resource capacity planning, and dynamic budgeting. Discipline IV. Work The Plan ). Discipline IV.

System 85
article thumbnail

The Transformed Map of a Recovering Management Accountant

Deming Institute

Manage a Living System, Not a Ledger” ), Johnson explains that better cost information, such as activity-based costing (ABC) , will not provide a long-term method of reducing manufacturing costs. The focus must be on managing work activities as components of an ecosystem.

article thumbnail

Don't Anesthetize Your Colleagues with Bad Writing

Harvard Business Review

It may be convenient to refer to COGS instead of spelling out "cost of goods sold." Readers find acronyms tiresome, especially ones they're not familiar with. Use them judiciously.

VBM 10
article thumbnail

Do You Know What Your Company’s Data Is Worth?

Harvard Business Review

Using activity based costing approaches to calculate the direct and indirect costs associated with a shutdown over time begins to paint a rudimentary picture of EvD and therefore enterprise value at risk.

article thumbnail

Delivering Higher Value Care Means Spending More Time with Patients

Harvard Business Review

It analyzed historical data of 167 patients insured by Kaiser Permanente in the Georgia Region, and used time-driven activity-based costing to assess the costs of care received one year prior to the start of dialysis and also the charges incurred for one year after starting dialysis.

Cost 13