Lean manufacturing is a business model and collection of operational processes that emphasize eliminating non-value added activities (waste) while delivering quality products on time, at a lower cost and with greater efficiency.
Discuss “muda” and why this is important to a lean transformation and lean environment.
Do NOT list the seven wastes identified in the course material. Use your own words to discuss “muda”.
Discuss how the management accountant’s role is different in a lean environment compared to a mass production environment.