Value Stream Management: Integrating Lean Accounting and Lean Practices

October 5,12,19,26     1:00 – 3:00 PM US Eastern time

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.

A value stream management system is deployed at the value stream or business process level of a lean company and focuses on practices to control, improve, plan and manage any operational value stream or administrative business process – in any lean company, in any industry. 

This course is more than a training workshop. It is designed to help you develop a specific action plan to implement a value stream management system. 

What you will learn in this course:

• Value stream identification and organization
• Establishing daily lean management practices
• Lean problem solving
• Structuring and measuring continuous improvement
• Developing and using lean performance measurements
• Integrating lean accounting in operational management and decision making
• Integrating lean accounting into Hoshin and planning activities
• Managing based on respect for people

Course design:

• Four 2-hour online sessions – training, discussion, exercises and reviewing assignments
• Four 1-hour assignments to develop your action plan
• One 1-hour online one-on-one session to finalize your action plan
• Unlimited coaching with BMA between sessions

Self-paced learning option

Don’t worry if you can’t attend the sessions live. All sessions will be recorded. You can complete the course assignments at your own pace and set up convenient one-on-one coaching sessions to review your assignments. 

Who should attend:

• Executives and owners; managers and process teams; functional managers
• The best benefit from this course will come from a small cross-functional team attending

Pricing and Registration

• Individual: $600 per person
• Group discounts available: 3 or more from same company
• To register contact Nick at nkatko@maskell.com

Course Schedule and Learning Objectives

Session 1: October 5:  1:00 – 3:00 pm US Eastern time

• Training – Value steam management overview
  • Working in value streams
• Training – Controlling the value stream
  • Performance measurements
  • Visual management
  • Team meetings
  • Lean problem solving
• Assignment: Assess methods to control value streams

Session 2: October 12:  1:00 – 3:00 pm US Eastern time

• Review session 1 assignment
• Improving value streams
  • Structuring improvement activities
  • Measuring improvement activities
  • Using improvement to manage costs
• Assignment: Assess methods to improve value streams

Session 3: October 19:  1:00 – 3:00 pm US Eastern time

• Review session 2 assignment
• Planning value streams
  • Integrating lean accounting and Hoshin
  • Integrating lean accounting and financial/operational planning
  • Calculating long-term financial impact of lean
• Assignment: Assess methods to plan value streams

Session 4: October 26: 1:00 – 3:00 US Eastern time

• Review session 3 assignment
• Managing value streams
  • Organizing the value stream
  • Lean decision making standard work
  • Standard work for leaders
  • Respect for people
• Assignment: Assess methods to plan value streams

Session 5: Date & Time arranged: Review your action plan