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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.
Course Videos
Getting Started with Lean Finance
09:16
2How Continuous Improvement Helps the P&L
03:41
Current Video
How Continuous Improvement Reduces COGS
03:15
Next VideoHow Continuous Improvement Reduces Inventory Carrying Costs
02:59
5How to Calculate Soft Savings
08:06
6How Lean Can Make a Company's P&L Look Worse
03:26
7Why Don't We See Financial Results from Our Improvements?
05:32
8What Is Absorption Costing?
02:15
9Why Move Away from Absorption Costing?
03:03
10How to Start Moving Away from Absorption Costing
04:21
11Direct Costing vs. Value Stream Costing
02:37
12Make-to-stock, Make-to-order, And Deferred Revenue Recognition
03:02
13Lean Budgeting and Forecasting
06:04
14How to Improve the System as a Whole
03:02
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