Lean Production and Accounting

Lean Production and Accounting - • Value • Value Stream...

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Lean Production & Lean Accounting Traditional Manufacturing Lean Manufacturing
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Lean Production& QCT & TBC Triangles Quality Cost Time (Cost Leadership) (Differentiation) Confrontation or Hypercompetition (Differentiation) Technical Behavioral Cultural
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17-3 Lean Manufacturing and Accounting for Lean Lean Manufacturing (“lean” for short)— reconfiguring the manufacturing process to increase product flow and product quality, reduce inventories, improve decision-making, and enhance profitability Five Principles of Lean Manufacturing:
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Unformatted text preview: • Value • Value Stream • Pull and Flow • Empowerment • Perfection 17-4 Lean Manufacturing and Accounting for Lean (continued) Accounting for Lean: • Dysfunctional (or limiting or inhibiting) nature of traditional control mechanisms? Value-Stream Income Statements: • Definition of “value stream”? • Intended to support/encourage/recognize the value of “lean” • Generate a more refined measure of “operating income” 17-5 Sample Value-Stream Income Statement (Exhibit 17.15)...
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Lean Production and Accounting - • Value • Value Stream...

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