The lean implementation process and its quantified benefits with the help of lean tools. Nowadays in a competitive market various industries are facing various problems because of changing scenario in terms of high quality demand reduced cost of production and increased productivity this thesis attempts to provide a successful solution for these problems through lean manufacturing techniques. Lean manufacturing initiative is being followed by various organizations in the recent years which mainly focuses on improving the efficiency of operations by eliminating and reducing wastes. Mass production era is over and new accounting systems are needed for modern manufacturing strategy. Such as lean manufacturing. Lean accounting has been developed to support lean companies and avoid problems with traditional accounting system.
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