Lean is a long-term business strategy, primarily focusing on employees and learning. Through various continuous improvement practices, employees learn to master their work, solve the right problems and help an organization learn how to do things tomorrow it cannot do today.The operational impact of continuous improvement is well known. Eliminating waste creates capacity, which can […]
Standard costing systems were designed for mass production manufacturing. In a lean company, using the information from standard costing systems to leads to non-lean behavior, poor decisions and: If you are in the accounting department in a lean company, and your company uses a standard costing system, it is inevitable that you will be faced […]
Standard costing systems were designed for mass production manufacturing. In a lean company, using the information from standard costing systems to leads to non-lean behavior, poor decisions and: If you […]
Please join me for The Lean CFO – 2nd Edition online book launch event on February 10, 2023, from 1:00 – 2:00 pm EST. As I was writing Practicing Lean Accounting I often […]
Standard costing systems were designed for mass production manufacturing. In a lean company, using the information from standard costing systems to leads to non-lean behavior, poor decisions and: If you […]
Taiichi Ohno said “Costs do not exist to be calculated. Costs exist to be reduced.” A little known benefit of lean thinking is it will reduce costs over time, but […]
Lean performance measurements are an essential tool in a lean company to measure performance, identify process problems & issues and measure the impact of continuous improvement. In order to achieve […]
It is essential for a lean company’s management accounting system to be transformed into a leanmanagement accounting system in order to provide managers with relevant and reliable information to make better […]
One outcome of lean is a reduction in inventory, and this creates a unique opportunity for accounting to simplify the inventory valuation process while maintaining compliance with Generally Accepted Accounting […]
Using lean to create a continuous improvement system for accounting is different than in lean manufacturing. The basic lean tools and practices are relevant for accounting, but the starting points […]
