Lean Accounting provides the strategic tools for lean management by focusing on visual shop floor measures for Rapid Decision Making; coupled with management accounting tools for longer term planning. Lean accounting is an integral part of the lean management system, as well as a vital tool for strategic decision making.
My guest on the Business901 Podcast this week was Ross Maynard, is a Senior Consultant with BMA Europe Ltd., and a Fellow of the Chartered Institute of Management Accountants. He has worked as a coach and consultant with a wide range of British and European organizations for over 20 years. He is the author of many articles on lean accounting and business improvement, and specializes in lean accounting, lean service, and process simulation and improvement.
In the podcast we discussed how accountants need to become an integral part of the other departments. No longer can accountants only relay past financial data. They need to participate in the Value Streams with real time numbers which will enable other departments to make quicker and more accurate decisions. Lean Accountants are spending more of their time on the shop floor these days.
BMA Europe is the leading consulting firm for practical Lean Accounting and the management systems supporting the Lean enterprise. The foundations of Lean thinking are very different from those of traditional companies. Lean organizations need different approaches to accounting, control, measurement and management systems. BMA Europe Ltd. and sister firm BMA inc. have nearly 20 years experience in assisting organizations making the transition to becoming a Lean enterprise.
P.S. These Lean Accountants must not be all that stuffy. The Lean Accounting Summit is this week in Las Vegas, NV.
Related Website: Lean Accounting SuperGroup (The Meeting Place for Lean Management)
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Leading with Lean thru Accounting
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Making your numbers meaningful with Throughput Accounting
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