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 […]
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 […]
BMA hosts a monthly Lean Accounting Community Chat, which is a place for anyone interested in lean accounting to gather to discuss what’s on their mind, ask questions, learn, share and most of all to make friends and connections with others. This is a free event, but you must register (once) to receive the Zoom […]
