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accounting on the Lean Post
Profit and Cost At Toyota
Fresh off a tour of Japan where she observed how Toyota talks about costs and profit on the shop floor, LEI Chairperson Jean Cunningham shares thoughts and urges others to learn the language of financial outcomes. "Let’s learn the language of financial outcomes. Let’s conserve energy and benefit from the environmental improvements that lean offers by reducing waste of all kinds."… More »
Cost Saving is Tired--Value Creation is Hot!
Lean affects financial outcomes--dramatically so in firms that incorporate widespread lean thinking over the long term, says LEI Chair Jean Cunningham. And yet she counsels you not to fixate on cost reduction or product cost. Look instead at the real numbers.… More »
How Accounting “Squirrels” Can Ferret Out Waste
While other functions are busy as beavers looking for waste during a lean transformation, your accounting staff is like a squirrel with its head stuck in a yogurt cup. They only see the traditional work right in front of them instead of digging into data for buried “nuts” of waste, says Jean Cunningham, LEI’s new executive chairman.… More »
Moving People Around as Key to Unlocking Financial Outcomes of Lean
As lean accounting pioneer Jean Cunningham will tell you, there’s much more to understanding lean’s financial benefits than looking at a balance sheet. In this Lean Talk, she takes a deeper dive into one of the ways you can use to reap the financial outcomes of lean.… More »
Tips for Proving the Financial Value of Lean to Leadership
Of the many aspects of lean accounting, one that has proven especially useful is the principle of “cost avoidance.” Today on the Lean Post, lean accounting pioneer Jean Cunningham explains what this is and why it’s a must-know for any finance professional.… More »
It's Not All About the Cash: How to Help Leadership Understand Lean's Financial Benefits
Lean's cost savings might not show up immediately on the income statement -- but that doesn't mean there were no cost savings! Oftentimes the financial benefits of lean are other benefits in disguise, and it's important that we teach our leaders how to recognize them. Jean Cunningham explains.… More »
What the Books Don't Tell: Explaining the Financial Benefits of Lean
It's a curious fact that very few books about lean address the topic of finance. Questions about lean's financial benefits are often the first that leaders skeptical about launching a transformation ask, so it's a wonder why this is seldom addressed. Lean accounting pioneer and LEI faculty Jean Cunningham now weighs in on this information gap in lean finance, along with suggestions for how to bridge it at your company.… More »
Ask Art: What sets lean accounting apart from traditional accounting?
"You can’t really become a lean enterprise without making the shift from traditional standard-cost accounting to lean (i.e. plain English) accounting," writes Art Byrne. Read more to learn why a lean accounting department is crucial to a complete organizational transformation.… More »
Why and How to Engage Finance in a Lean Transformation. An Interview with Jean Cunningham
There's often a disconnect between an organization's lean and finance departments, especially when a lean transformation is underway. In her newest piece for the Lean Post, Jean Cunningham explains the root causes, potential dangers, and solutions to this all-too-common problem.… More »
Putting Financial Value on Lean Transformation
What is the ROI on a kaizen event? How does Lean stack up against other revenue generation or cost-saving initiatives? While Jean Cunningham says questions like these reflect an incomplete and superficial grasp of Lean, she's using them as the impetus for helping people understand the financial benefits of their lean efforts.… More »
Want Your Organization to Survive Over the Long Haul? Value Process Over Results
"There are two ways to run your business," writes Doc Hall. "Focus on value, or focus on results... Interestingly, when you focus on value, good results typically follow." Read more.… More »
accounting on Lean.org
C.J. Buck, CEO of Buck Knives
When sales of a key product cratered, Buck Knives CEO C.J. Buck realized that he had to cut costs by 30% to stay in business. He moved the company from California to Idaho and lauched a lean transform… More »
Lean Thinking: A Look Back and a Look Forward
The meaning of lean thinking, how lean got its name, and an example of how it improved a grinding process By LEI President Jim Womack.… More »
What is the Theory of Constraints, and How Does it Compare to Lean Thinking?
Read about and discuss this topic.… More »
Problem Solving to Align Purpose, Process and People
This is an expanded version of our 1-day Lean Problem Solving workshop which is offered exclusively in our office in Cambridge, MA.… More »
Lean Accounting
To sustain a lean transformation, top executive and financial managers must know how to transform routine accounting practices to a new system that not only is lean itself but also supports lean pract… More »
Made-to-Order Lean
Toyota Production System methods have rendered remarkable results in high-volume manufacturing plants, but they have not been fully understood and correctly applied in high-mix, low-volume environment… More »
Real Numbers
Companies throughout the world are using lean principles to dramatically change the competitive landscape while generating new profitability and market share. As these companies transform, however, fi… More »
Real Numbers (eBook)
Want Your Organization to Survive Over the Long Haul? Value Process Over Results
"There are two ways to run your business," writes Doc Hall. "Focus on value, or focus on results... Interestingly, when you focus on value, good results typically follow." Read more.… More »