Six Sigma Blog: Lean Accounting Performance Measures

Lean Accounting Performance Measures

When the enterprises implement lean manufacturing, they might feel the need for Lean Accounting Performance Measures. Lean Manufacturing helps companies identify and reduce waste and giving them extra capacity. This is vital for small manufacturers. Traditional accounting is a marker of financial performance. However, companies also it to measure overall performance.

Lean Accounting Performance Measures are designed to give today’s companies the information they need to make the right decisions. They do not replace the traditional accounting. Rather, they work in tandem so that the changes in processes and in accounting can work together into the future. While traditional accounting is still absolutely necessary for measuring financial performance, Lean Accounting Performance Measures are meant to provide additional information.