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Toward a Leaner Finance Department

The finance function eludes any sort of standardized lean approach, but three ideas from the lean-manufacturing world are particularly helpful in eliminating waste and improving efficiency.

The McKinsey Quarterly, McKinsey & Co.
April 20, 2006

Some Redundancies Though !

The ideas are appealing , but their implementation will involve a lot more inadvertant redundancies. But yes, once implemented ( though not completely)it will surely trigger a cascading positive effect on the subsequent activities. Hence we should think about the various methods and strategies of implementation now.

Posted by Rahul Krishna | May 02, 2006 01:56 am

leaner business, higher earnings

Dear Sirs,You really got to the point. Especially where all departments share the same datas, as it is now the case for a growing number of corporates, the leaner the business (units), the more the earnigs you get. The bigger the business (units) the more the mess you are given to deal with. Currently, I am convinced also that on this way you can give more jobs too, but I' m not 100% sure. I'll be glad for any feedback on this point (as well as on my english, of course). Last but not least, as a proverb in my country (Italy) quotes: "Piccolo bello" "Small is beautiful"). Best Regards.

Posted by Giovanni Forlino | April 23, 2006 01:04 am

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