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Lean Leadership for Controllers: Essential Strategies for Financial Efficiency & Operational Excellence | Improve Budgeting, Cost Control & Team Performance in Business Management
Lean Leadership for Controllers: Essential Strategies for Financial Efficiency & Operational Excellence | Improve Budgeting, Cost Control & Team Performance in Business Management

Lean Leadership for Controllers: Essential Strategies for Financial Efficiency & Operational Excellence | Improve Budgeting, Cost Control & Team Performance in Business Management

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Description

Traditional accounting systems have become inadequate for today’s increasingly competitive global manufacturing environment. They are too complex and too focused on past performance. As manufacturing techniques change and become less labor intensive, accounting methods must also evolve. Regardless of what you call it, Lean accounting is a management accounting system that should be part of every worker’s daily activities. The Controller as Lean Leader: A Novel on Changing Behavior with a Lean Cost Management System delineates the differences between cost accounting and cost management. It uses a story format to present a compilation of experiences; some good, some bad, and some humorous. The story follows a fictional manufacturing entity embarking on a Lean change management journey for the second time―having failed at its first attempt at Lean implementation a few years earlier. As the story progresses, readers gain an understanding of what the company will do differently this time around to ensure it doesn’t slip backward again as the transformation unfolds. Illustrates the various approaches to Lean implementationExplains Target Costing and describes how to use it to get your budget right the first time aroundExamines the concept of systems and the importance of defining values in your businessDescribes what the purpose of a Lean Human Resources (HR) system should beIntroduces, with visuals, the little-known importance of the timing of the implementation and integration of the four integral parts of the Lean Cost Management System with the five Lean principlesThe main character, the Lean Controller, presents her ideas with visuals throughout the book. Discussions between the Lean controller and employees at various levels of the organization illustrate valuable lessons. The many faces of the Lean Controller as expressed through the many examples and stories provide you with the vision and tools to instill the desire to make a difference in workers across your entire organization. While there is no recipe to follow for a Lean change management transformation, the book provides invaluable tips and unveils three new principles to help ensure success in any endeavor.

Reviews

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- Verified Buyer
I enjoy business fiction, e.g., Who Moved My Cheese and The Goal, but I did not enjoy or learn much from this book.While I expect Sue knows far more than me when it comes to Lean and Lean Accounting, the problem is I did not learn what she knows from reading this book.1. Sue does not explain or layout the steps to create the Lean P&L for a Product Family in Table 11.1. Us accounting types expect and want step 1, 2 and 3.2. The principles of Lean are intended for both shop floor and office floor staff. I don't believe the Lean P&L Sue proposes would be understandable or actionable by financial or non-financial employees.3. Sue lists Lean Metrics in Table 13.1 BUT the Non-Value Added waste of the value stream map is not listed. I believe one of the top 3 reasons most senior management abandon Lean is because value stream maps measure time wasted, not dollars wasted. Money talks, not time.I'm glad I rented this Kindle book instead of buying it.