Strategic Cost Transformation offers a new framework, business domain management, which creates a comprehensive picture of your organization for improved cash based decision-making.
Your product costs $2.86 to make. What does the number tell you about your operations, how effectively they were run, demand, or how much money you spent on capacity? Nothing. Shouldn’t you know?
Accounting information creates a limited picture of operations and true cash performance. Strategic Cost Transformation offers a new framework, business domain management, which creates a comprehensive picture of your organization for improved cash based decision-making.
About the author
Reginald Tomas Lee, Ph D, is a management professor at Xavier University and president of Business Dynamics & Research. He’s worked for GM, IBM and held senior supply chain leadership positions at Sapient and EY. Reginald has authored five books, including Lies, Damned Lies, and Cost Accounting and the forthcoming Project Profitability: How to Select, Justify, and Implement Projects to Achieve Maximum Cash ROI. Reginald has advised several companies including Bristol Myers Squibb, Dell, Disney, Du Pont, Home Depot, and Toyota. His Ph D is in mechanical engineering.
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