Discover how Lean principles can enhance your accounting practices, as experts Patrick Adams, Shayne Daughenbaugh, and Mark DeLuzio explore value-based approaches and pricing strategies for efficiency.
2024-06-18 13:00:00
A new podcast episode of Lean Horizons Consulting was published on Jun 18, 2024, with the original title:
Implementing Lean Principles in Accounting
Overview:
This episode features hosts Patrick Adams and Shayne Daughenbaugh as they explore Lean principles in accounting. They highlight the importance of aligning costs with value streams, adopting a PDCA mindset, and the relevance of Lean pricing strategies to optimize efficiency.
Core content:
- Discussion on simplifying cost accounting and aligning costs with value streams through Lean principles.
- Insights on the limitations of traditional accounting practices that may hinder effective value-based approaches.
- Strategies for Lean pricing, including market-based pricing and demand alignment, to enhance efficiency.
- Experiences shared regarding supporting veterans in their transition to civilian life.
Learnings:
- Understanding the implementation of Lean accounting concepts that drive operational efficiency in finance.
- Recognizing the necessity of a value-based approach to replace outdated traditional accounting practices.
- Learning about the role of pricing strategies in aligning market demand with business objectives.
- Gaining insights on managing changeovers for improved operational outcomes.
The original content was published in English.
