Lean Costing

 

Course Description: Conventional accounting indicators may disguise waste and mislead your judgment. Lean manufacturing initiatives eliminate non-value-added operations, but the impacts are often misinterpreted by conventional costing systems, which discourage lean practitioners. Lean Costing employs a new set of performance metrics to show real performance and improvement from a lean-oriented viewpoint. Learn to expose hidden waste and focus on adding real value now.

Who should attend the course: Company executives, accounting managers, cost control specialists, cost analysts, industrial engineers, team leaders, and improvement project teams.

Outline (subject to change)

Session 1 - A Different View of Performance

  • The New Role of Accounting in the Lean Manufacturing World
  • Lean Costing Basics, Benefits, and the Importance
  • Lean Performance Measures

Session 2 - The Real Cost and Profit of Your System

  • Lean Costing, Pricing, and Financial Planning
  • Value-stream Cost Management
  • Activity Based Costing (ABC)
  • Target Costing: Aiming at the Real Cost
  • Budgeting and Financial Planning

Session 3 - Streamlining Your Accounting/Costing Processes

  • Waste-free Transactions: Ordering, Payment, Employment, Tax, and Reporting
  • Implementing Lean Accounting/Costing: The Maturity Path
  • Boosting Lean Accounting/Costing with Information Technology
  • Successful Lean Accounting/Costing

Session 4 – Conclusion

  • Challenges Ahead
  • Discussion Session