Value stream management is the integration of lean accounting with lean practices into a holistic management system designed to serve customers better, improve productivity and improve financial performance. Value stream management practices are essential in sustaining a lean accounting transformation.  In a lean system, the strategy deployment/Hoshin process is designed to identify strategic improvement initiatives […]

Lean is a multi-faceted business strategy, with a primary focus on employees and learning. Through continuous improvement activities, people learn how to eliminate waste, serve customers better and improve productivity. However, calculating the actual financial impact of continuous improvement activities is sometimes difficult because traditional financial analytical practices are not “lean-focused.” Connecting continuous improvement to […]