Lean Finance

Applying lean manufacturing techniques to the finance function

Course overview

The pressure to reduce costs is relentless and finance and administration areas are no exception. If your business imperatives demand significant cost reductions or increases in capacity in a three to six month time horizon without large-scale IT changes then you can benefit from the approach and methods in this training course.

The course focuses on applying the improvement methods that have been so successful in manufacturing companies such as Toyota, GE and Dell to administrative functions ranging from invoicing and collection through to monthly reporting.

The big difference between manufacturing and administration processes is that people inherently introduce variability into administration processes. This poses challenges to many lean six sigma methods. However, appropriate modifications to lean six sigma methods make them very effective in finance and other administration areas.

Programme

• The adaptation of lean from a manufacturing to a functional area such as finance
• Concepts underpinning lean manufacturing
• Methods and approach; an introduction to some of the tools used
• Planning for the successful implementation of a 'lean culture'

What you will gain

• The ability to use lean tools to streamline and enhance the productivity and effectiveness of your organisation
• Knowledge of how to apply these tools, originally focussed on manufacturing and production operations, to functional areas such as finance

Who will benefit?

Senior executives, managers and accountants who are involved in sponsoring, planning and delivering business improvement projects.

Trainer

• Garry Buick ACMA