Financial Models and Tools for Managing Lean Manufacturing

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Financial Models and Tools for Managing Lean Manufacturing

Management accounting, bookkeeping and auditing Production and quality control management Manufacturing industries

Author: David Meade

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Collection: Supply Chain Integration Modeling, Optimization and Application

Language: English

Published by: Auerbach Publications

Published on: 15th August 2006

Format: LCP-protected ePub

ISBN: 9781040179550


Impact of Lean Manufacturing on Financial Statements

The effect Lean Manufacturing programs have on profit and loss statements during the early months of their implementation often causes them to be viewed as failures.

The length of time it will take traditional financial reports to reflect lean manufacturing improvements depends upon how poorly the operation was doing in terms of inventory management.

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