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Lean: It Isn't Just for Manufacturing Firms

 
  Howard Goldman, Partner, CFO Edge, LLC  
   
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  Article Summary  
While most executives in Los Angeles and Southern California are familiar with lean manufacturing, many who own and manage non-manufacturing companies aren't as familiar with the broader application and benefits of lean: it isn’t just for manufacturing firms.

The underlying concepts of lean can be applied in any business and deliver numerous benefits across both financial and operational areas.

Reviewed are lean's redefinition of the price/cost/profit relationship, and its focus on eliminating actions and costs that don't add value.

Also discussed are examples of processes that appear in non-manufacturing business and that present abundant opportunities to eliminate, reduce or improve activities that impact costs and pricing - but don't add tangible value to end products and services.

Executives interested in gaining the many positive outcomes of lean - increased profits, lower costs and greater efficiency - can benefit from talking with a provider of outsourced CFO services.

A professional of this nature brings a proven track record as a former enterprise CFO who has identified wasteful actions and costs, as well as implemented process changes and technology to improve performance and results.

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