3 DAYS COURSE OUTLINE - LEAN FINANCE

LEAN FINANCE - ENHANCE YOUR FINANCE INTELLIGENCE SKILL AND CAPABILITIES                                                                   

SYNOPSIS

Bring your finance function to the next level of success with lean Finance! Discover how you can provide management with daily performance information needed to support continuous improvement to your organization’s practices and processes. By applying Lean principles, you can provide real-time quantitative insights to the performance of business processes, thus enabling management to take corrective actions and be in control of the processes.

With this, you can reap the benefits that lean finance generates in the form of better quality, shorter lead times as well as the added capabilities gained from personnel, equipment and space.

TRAINING OBJECTIVES:

This programme seeks to enable you to:

  Understand how Lean Finance will lay a Foundation for Success

  Understand the Critical Roles of the Finance Function

  Provide highly competitive competence in your performance,  

 Apply the tools and techniques to provide real time quantitative insight into performance of processes,

  Understand the unprecedented pressure to eliminate waste, boost efficiency and freeing up capacity,

  Eliminating non-value added activities and freeing resources to accelerate lean journey,

  Cultivate a mind-set of continuous improvement

  Do it right the first time and every time

  Use metric to shape behaviour

  Make real improvement by aligning operations to value stream 

COURSE OUTLINE
Day I

Icebreaker

MODULE: 1

Lean Principles and Practices

What are lean principles and practices?

How do they work?

Direct, drive and deliver Value creation through 5Rs

What are 5Rs?

How those 5Rs being employed through Lean Implementation?

MODULE: 2

Financial, Non- Financial Ratios and Lean Performance Indicators

Back to Basics

Why numbers are important?

Numbers are the language of Business Improvement

How to read the story beyond the numbers?

What are the lagging and leading indicators?

Value Stream Concept, approach and uses

What are the “Plain English” Statements?

Metric measurements, how to develop and use them?

MODULE: 3

Holistic Approach

What are the 6Ps?

How to unleash your potentials?

Cause and consequence
How to effectively transformation from Tradition to LEAN?

How to Learn and Grow?

Day II

MODULE: 4

Lean Accounting, Qualitative Aspects and Essential Skill

What is Lean Accounting?
Quality aspects in term of needs, gaps and culture; how to assess
Shape team purpose and productivity; how to
Adopt best practices

Metric measurements shape behaviour: how to

How to apply new strategic tools to create value for the company by looking beyond financial statements
How to effectively employ the new strategic tools and technique? 
Sum up / Q & A / Discussion

MODULE: 5

Qualitative aspects

The following issues will be covered:-

a.     Integrity

b.     Lean thinking

c.     In pursuit of perfection

d.     Culture of empowerment

e.     Conscious to unconscious competencies

f.      Dynamic, enthusiastic, energetic

g.     Innovative, multi- dimensional perspectives

h.     Culture of empowerment

MODULE: 6

Big picture of the organization Success

Use key performance indicators aligned to value creation; how to

Different perspectives and definitions:-

a.     Business acumen,

b.     Enhance Shareholders’ value,

c.     Understand their role in the big picture

d.     In pursuit of Perfection (concept and uses)

End of Day II

Day III

MODULE: 7

Economic and Business Outlook

What need to be done in this Uncertain, Volatile, Complex and Ambiguous World;

Change is certain & how to embrace change mind-set? Discussion

Why and how to focus on new opportunities & priorities

Adopting growth mindset
How to learn, Unlearn and relearn

MODULE: 8

Focus Area, Key opportunities and Priorities

What are the key challenges and opportunities

Mastery, departure and making transformation

Redefine your destination

Lean is a journey per se

How to bring those lessons to your organisation

Lean driver

MODULE: 9

A Plan to Take Home

This session will challenge the participants to think about roadblocks and pitfalls to Lean implementation

Sum Up/ Q & A

Key take-back messages

END OF DAY 3