Lean production and management principles fundamentally change production and business processes. Traditional financial accounting and production costing systems being used today were developed many decades ago and have limited recognition of the dramatic changes in manufacturing processes over this time. As much as 30-40% of what accounting does is waste, since it is not aligned with the current realities of lean manufacturing.
This on-demand event identifies the incongruities and provides nine action items to align finance with Lean manufacturing, and reduce waste in accounting and costing.
By viewing this on-demand, you'll learn:
How financial management can support Lean manufacturing
The challenges to introducing Lean finance
9 pragmatic recommendations for improving your Lean performance results by identifying product costing and financial accounting contradictions, and establishing alternate financial methods consistent with Lean principles
CIO Research Library
