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Cost Accounting & Financial Accounting Contradictions that Undermine your Lean Manufacturing Success

Posted on Friday, January, 4, 2008, 4:15PM

Implementing Lean Manufacturing processes can help you achieve significant production performance gains. However, traditional product costing and financial accounting methods are generally inconsistent with Lean principles. With Lean Manufacturing, there is a largely unrecognized need to introduce revised costing and management accounting methods that provide a more realistic financial view of performance within a Lean context. This Webcast provides pragmatic recommendations for improving your Lean performance results by identifying product costing and financial accounting contradictions, and establishing alternate methods consistent with Lean principles.

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