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Lean Finance

How Continuous Improvement Helps the P&L

Learn how con­tin­u­ous improve­ment efforts pos­i­tive­ly impact a com­pa­ny’s P&L, or prof­it and loss, through cost sav­ings and rev­enue enhance­ments by reduc­ing waste, increas­ing effi­cien­cy, and enhanc­ing prod­uct quality.

Course Videos

1

Getting Started with Lean Finance

09:16

Current Video

How Continuous Improvement Helps the P&L

03:41Members only

3

Next VideoHow Continuous Improvement Reduces COGS

03:15Members only

 4

How Continuous Improvement Reduces Inventory Carrying Costs

02:59Members only

 5

How to Calculate Soft Savings

08:06Members only

 6

How Lean Can Make a Company's P&L Look Worse

03:26Members only

 7

Why Don't We See Financial Results from Our Improvements?

05:32Members only

 8

What Is Absorption Costing?

02:15Members only

 9

Why Move Away from Absorption Costing?

03:03Members only

 10

How to Start Moving Away from Absorption Costing

04:21Members only

 11

Direct Costing vs. Value Stream Costing

02:37Members only

 12

Make-to-stock, Make-to-order, And Deferred Revenue Recognition

03:02Members only

 13

Lean Budgeting and Forecasting

06:04Members only

 14

How to Improve the System as a Whole

03:02Members only

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Course Resources

Next Video How Continuous Improvement Reduces COGS 

Con­tin­u­ous improve­ment meth­ods focus on reduc­ing waste, increas­ing pro­duc­tiv­i­ty, enhanc­ing prod­uct qual­i­ty, as well as reduc­ing inven­to­ry, lead times, space required, and more. As a result, we most often see the impact in the cost of goods sold, or COGS. Learn the com­mon ways con­tin­u­ous improve­ment efforts reduce mate­r­i­al costs, labor costs, and over­head costs.