About

Many companies and organizations are continuing to look for ways to reduce their internal cost of operations and overhead. Implementing LEAN manufacturing principles has become a very important concept and one that may help improve overall efficiency of operations, directly impacting bottom line results.

 

What is LEAN?

The technical definition of LEAN manufacturing is "a systematic approach to identifying and eliminating waste (non-value-added activities) through continuous improvement by flowing the product at the pull of the customer in pursuit of perfection."

 

Benefits of LEAN

There are tangible and intangible benefits of using the LEAN tools to make improvements in the business. Some of the tangible benefits include: reduced lead time for orders, improved quality, reduced cost, reduced inventory, improved productivity, and better floor-space utilization. The intangible benefits include better teamwork, improved morale, and better perception in the eyes of the customer. Companies embracing LEAN manufacturing can expect quick, dramatic reductions in waste and improvements in productivity. LEAN manufacturing is applicable to companies ranging from the small job shop to large manufacturing enterprises. It teaches a systematic approach to eliminating wastes and creating flow throughout the enterprise. These companies include large and small, product oriented or custom manufacturer, mold shops and other small companies, dispelling the myth that LEAN principles cannot be effectively used at small-volume, high-product-mix operations.

 

Who are the LEAN Accountants?

Members of McKonly & Asbury's LEAN manufacturing team are highly skilled and know how the use of LEAN establishes a systematic approach to eliminating wastes and creating flow throughout the enterprise. Our team is led by David Blain and Michael Hoffner, CPA (view their full profiles in pdf here).