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The Financial Controller and CFO's Toolkit, 3rd Edition by David Parmenter

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Chapter 10Lean and Smarter Work Methods

In this chapter I have extracted some lean and smart work methods gathered from witnessing a number of amazing teams and my research on the writings of the great paradigm shifters (Drucker, Hope, Collins, Hamel, and Peters and Waterman).

TECHNIQUES TO ADOPT FROM THE LEAN MOVEMENT

As mentioned in Chapter 1, the lean movement, which started in Japan during the rebuild after the Second World War, had an American influence, Edwards Deming.2 The lean methods developed by the Japanese multinationals have now spread far and wide and should find a home in the finance team. These include:

  • Post-it reengineering of inefficient routines such as: month-end, annual planning, and the annual accounts
  • Adopting stand-up scrum meetings everyday during the delivery of a project, report, annual plan
  • Having a Kanban board for each key process while it is in play

POST-IT REENGINEERING WORKSHOPS

Re-engineering can be a complex or a relatively easy one—the choice ...

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