Accounting for Lean Success -

Overcoming the Barriers of Traditional Accounting in Lean Environments

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Lean practices have produced tremendous gains in manufacturing productivity. But now the expansion that lean enabled is coming into conflict with traditional financial measurements and accounting practices.

In a new report from Manufacturing Performance Institute (MPI), John Brandt and Infor's Mike Frichol argue conventional accounting can undermine lean strategies in three key ways:

  • By focusing on internal definitions of value rather than customer definitions of value;
  • By requiring time-consuming activities that add no value;
  • By advocating principles diametrically opposed to lean.

Find out how leading manufacturers such as Parker Hannifin are overcoming these challenges by reorganizing accountability around value streams and using a lean income statement.

In this white paper, learn:

  • How Management Accounting can support Lean
  • The Processes behind Management Accounting
  • The Challenges to Introducing Lean Accounting

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