Looks Good on Paper

The heart of today’s quality problems lies in an accounting system that has remained unchanged for more than 60 years. The cost accounting system used today in the United States and many other parts of the world is based upon the Sloan School of Management’s M model (i.e., men, materials and machines). Let’s look at how the Sloan accounting model came into existence Continue reading

Looks Good on Paper

The heart of today’s quality problems lies in an accounting system that has remained unchanged for more than 60 years. The cost accounting system used today in the United States and many other parts of the world is based upon the Sloan School of Management’s M model (i.e., men, materials and machines). Let’s look at how the Sloan accounting model came into existence Continue reading