Home > Staff layoffs and wage cuts not the answer to increase productivity, AME Lean Accounting Workshop hears

Staff layoffs and wage cuts not the answer to increase productivity, AME Lean Accounting Workshop hears

Editorial

The Association for Manufacturing Excellence (AME) is organising a seminar and workshop in Adelaide on September 24 that will discuss how improvements in finance department operations can improve productivity for the long term.

The seminar will be led by Nick Katko, a global authority on Lean Accounting, who assists companies such as Boeing and Nestle better align their accounting and operations functions. Nick Katko is an associate of Brian Maskell, known as the father of Lean Accounting. 

AME SA President Dan Moriarty observes that too many organisations implement staff layoffs and wage cuts as a means to increasing efficiency. He believes staff layoffs and wage cuts can only provide a short-term solution but operational excellence will have a greater positive impact. 

According to Moriarty, the disciplines developed in the manufacturing sector over the last 50 years, often referred to as ‘Lean Manufacturing’ are being applied to all business processes and industry sectors. Lean Accounting principles recognise that traditional accounting and measurement systems provide only financial measures to management and are not designed to tell a company how much waste is being eliminated or how the flow of work is providing more value to its customers. 

Lean Accounting gives people at every level, clear and understandable information that they can readily use to improve productivity and grow the business. 

The Lean Accounting Seminar & Workshop will be held on Tuesday 24th September, 2013, 9.00 am to 4.30 pm at the Adelaide Pavilion, Veale Gardens, Adelaide. 

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