Lean Accounting

Lean Accounting

Lean Accounting. For those companies that have adopted Lean Manufacturing, the next logical step is Lean Accounting. Instead of tracking labor cost detail, overhead allocations, and month-end reports, Lean Accounting minimizes data collection, departmental battles and non-value added variance reporting. Instead, the true cost drivers are visual and identified for managers and shop employees to act on daily, even hourly to drive more waste out of the processes and enhance true customer value including:

• Deficiencies of standard costing
• Benefits of lean manufacturing
• Advantages of Lean Accounting
• Differences between Lean Accounting and standard costing
• Improved decision-making for senior management
• New metrics
• Impact of Lean Accounting on the customer