As customers demand shorter lead times at lower prices, companies participating within a value stream are under pressure to reduce their lead times, while simultaneously reducing prices and improving economic value added (EVA) and customer service. Companies that fail to effectively implement the Lean Business System or another holistic business model risk becoming uncompetitive. Accounting methods that support Lean prove that continuous improvement projects yield the results that create a competitive advantage.
Course ID: LEAN
Lean Accounting for the Lean Enterprise
Learning Objectives
Understand what you can do to report your financials in a manner that provides evidence that Lean projects are providing value and competitive advantage for your company
Major Topics
- Learn how Accounting for Lean applies to production activities
- How Lean Accounting applies to office activities
- Benefits of identifying and elimimatiing wasteful transactions
- Why value-stream costing is more accurate than standard costing
- Importance of Lean performance metrics
- How a successful Lean implementation can punish the P & L
- Implementaion recommendations
Who Should Attend
All financial professionals
Fields of Study
Management ServicesPrerequisites
None