Lean production represents an essential mechanism for achieving an overall performance improvemen... more Lean production represents an essential mechanism for achieving an overall performance improvement in the business environment through the elimination of all possible wastes from the value stream of the product, and achieving the highest satisfaction of customer needs. Many companies when applying lean production can see an actual improvements in the operational aspect and bottom line but for the financial aspect there may be bad results especially in the early stages of applying lean production. For this it is developed what is called Lean Accounting, which provides the required and suitable tools (Value Stream Cost Analysis (VSCA), Value Stream Cost (VSC), and Box Scores) to measure the overall potential benefits of lean improvements. The problem is how to use these lean accounting tools in actual life. This paper provides a case study in which lean accounting tools are used to provide an evidence for the potential operational and financial benefits of implementing lean production.
Lean production represents an essential mechanism for achieving an overall performance improvemen... more Lean production represents an essential mechanism for achieving an overall performance improvement in the business environment through the elimination of all possible wastes from the value stream of the product, and achieving the highest satisfaction of customer needs. Many companies when applying lean production can see an actual improvements in the operational aspect and bottom line but for the financial aspect there may be bad results especially in the early stages of applying lean production. For this it is developed what is called Lean Accounting, which provides the required and suitable tools (Value Stream Cost Analysis (VSCA), Value Stream Cost (VSC), and Box Scores) to measure the overall potential benefits of lean improvements. The problem is how to use these lean accounting tools in actual life. This paper provides a case study in which lean accounting tools are used to provide an evidence for the potential operational and financial benefits of implementing lean production.
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