In the book Lean Product and Process Development, author Alan Ward states, “We don’t make money until customers buy what comes out of our plants. Development exists to create operational value streams . . . A good development value stream consistently produces profitable operational value streams.”
Accounting may not be first on your mind when developing new value streams or redesigning existing ones. However, to achieve profitable designs, a lean organization must use the same holistic view to analyze the financial impacts as it does to create the customer-focused design itself. Lean accounting provides the relevant and reliable information decision-makers need to fully assess the financial impacts and avoid the pitfalls of conventional financial thinking.
In this webinar, Mike De Luca and Nick Katko will provide an overview of lean economics and discuss practical methods to incorporate the relevant information into value stream analyses to ensure decision-making is grounded in lean thinking. Specific examples will help illustrate a variety of decision-making situations, and participants will come away with practical guidance on how to incorporate lean thinking in designing profitable value streams.