From the course: Lean Accounting Foundations
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Understanding value streams
From the course: Lean Accounting Foundations
Understanding value streams
- [Instructor] At the epicenter of every lean accounting process, is something called value streams. The identification and mapping of a lean enterprises value streams can be rather complex as it relies on a combination of lean expertise, deep subject matter knowledge, and the ins and outs of business processes. Now, whilst we don't have time to cover how to identify lean value streams, there's a huge body of knowledge out there. Why not try talking lean into your LinkedIn learning search box? And given that the accounting aspects of lean support an organization's value streams, its certainly a concept that we at least need to touch on. So, what are value streams? How do you find out what they are? And, where does accounting fit in? Value streams describe the flow of work, from start to finish in order to produce an end product or service that is fit for customer use. Think of this in terms of staff, just going about…
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