Solving the standard costing problem
Workshop Code: MW-16
Day & Time: Monday, Oct 15, 2012 - 1:00 PM
Length: 4 hours
Cost: $200.00 USD
Standard costing methods can undermine your lean initiatives, but there is another way: lean accounting. This highly interactive, hands-on workshop will show you how to use these simple lean accounting methods to help you stay on your lean journey.
Most companies pursuing lean transformation already recognize the problems caused by traditional methods of standard costing or any full absorption product costing. They know these are 1) complex, 2) time consuming, 3) wasteful and 4) misleading. But the problem is far worse than that. Standard costing is actively hostile to lean transformation. That's because it encourages the anti-lean batch and queue production it was designed for. So, while you are working hard to increase flow, reduce batches, eliminate defects and decimate inventory, your accounting systems are showing you information that motivates you to undermine your lean improvements and go back to the culture of batch and queue.
This interactive, hands-on workshop will take you through a live case study of a company transitioning to lean accounting. Working in small teams, attendees gain practical experience in calculating and using value stream accounting and solving the standard costing problem. So roll up your sleeves and come prepared to practice lean accounting.
In this workshop:
- Hear why traditional accounting, control and measurement methods are anti-lean.
- Learn how to create a lean management system centered on value stream performance and improvement.
- Find out how to use value stream accounting to control and improve the value stream and make daily business decisions.
- Learn how to accurately assess the financial benefits of lean improvement and how to exploit this for the benefit of your customers and your company.
- Hear how to approach the practical implementation of lean value stream accounting.
- Take home lean accounting lessons that will help you maintain your lean initiatives.
BMA Inc.BMA Inc. is a focused consulting firm assisting organizations worldwide with lean transformation. Working at the executive level with large and small companies, BMA has assisted these organizations to not only implement lean manufacturing, lean office, lean product development, lean healthcare, lean services, etc., but also to develop management systems that represent truly lean thinking and action. These lean management systems enable the companies to develop lean cultures that are driven by accounting, control, measurement and decision-making methods that are truly lean. BMA works with large multi-national corporations like Boeing, Parker Hannifin, ThermoFisher Scientific and Siemens, but also with medium-sized and smaller, privately-held organizations.
Brian Maskell is president of BMA Inc. and has 25 years of experience applying lean methods in manufacturing, distribution, healthcare and financial services industries. Brian is a sought-after speaker and author of eight books, including, Making the Numbers Count, Practical Lean Accounting (with Bruce Baggaley), Lean Business Management System and Performance Measurements for World Class Manufacturing.
Brian is a 15-year member of AME, has an engineering degree, is a Fellow of APICS and is certified with the Chartered Institute of Management Accountants and the American Institute of Certified Public Accountants.
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