Monthly Archives: June 2011

Calculating the Financial Benefits of Lean using Lean Accounting – Part 3

The next step in this process is looking at capacity. In the area of capacity management, a LST should focus on reallocating existing capacity and exploring alternatives for divesting of excess capacity. Reallocating capacity: Cross train employees to create a … Continue reading

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Calculating the Financial Benefits of Lean using Lean Accounting – Part 2

The first step in this process is to understand the “future state” of a lean implementation. A lean implementation uses current state and future state value stream maps to plan continuous improvement. After the current state map is created, a … Continue reading

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Calculating the Financial Benefits of Lean using Lean Accounting – Part 1

Well run businesses make business decisions that make financial sense. Executives want to know the financial impact of business decisions on revenue, costs, profits and stock price. Chief financial officers, controllers and the entire finance team have the responsibility of … Continue reading

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