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How Lean Can Make a Company’s P&L Look Worse
While lean management aims to improve efficiency and reduce waste, there are situations where its implementation can make a company’s P&L appear worse. It’s important to understand the reasons why, so that we don’t overreact, think lean is failing and stray from the continuous improvement path. Learn the 8 common situations when lean efforts can make a company’s P&L appear worse.
Course Videos
Getting Started with Lean Finance
09:16
2How Continuous Improvement Helps the P&L
03:41
3How Continuous Improvement Reduces COGS
03:15
4How Continuous Improvement Reduces Inventory Carrying Costs
02:59
5How to Calculate Soft Savings
08:06
Current Video
How Lean Can Make a Company's P&L Look Worse
03:26
Next VideoWhy 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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