Lean Kanban NA - Beyond Budgeting
Becoming a lean enterprise requires the entire management system to be aligned with lean principles. Lean requires alignment with customers and takes direction from the customer pull concept. Yet many organizations continue old practices such as financial budgeting which are based on financial “push” concepts. Simply stated, these old management practices defeat the ability to become truly lean.
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Log InEliminating Budgets to Enable Lean Management - Kevin Meyer
A medical device company was several years into a lean transformation when conventional accounting practices such as annual budgeting and standard costing began to create barriers and be recognized as wasteful processes in their own right. After learning about Beyond Budgeting, the President, Kevin Meyer, decided it was time to change. This session will discuss that change, including short-term and long-term issues that were resolved, and how it fit into a long term lean transformation effort.