I attended the Lean Accounting Summit in Orlando in September, and I’m still struck by the totally different attitudes of companies that choose lean transformation versus conventional non-lean companies.
Lean thinking certainly isn’t new to the business community, but many managers and business influencers still have no clear understanding of lean. They typically pick and choose their lean
cost accounting formulas
value-stream–based metrics, income statements, cost numbers, profitability, and capacity analysis. Since value streams for each company or subdivision are unique, the software should be flexible enough to accommodate all possible value-stream definitions and to make necessary changes down the road if required. In addition to traditional costing methods, lean accounting software should be able to support alternative costing techniques , such as value-stream costing, kaizen costing, and target costing.