Lean Accounting and Waste Management in Brewery Industry in Nigeria

Abstract

The failure of conventional cost reduction techniques to yield the expected result brought about the thinking toward the implementation of Lean Accounting principles. Boston Consulting Group claims that practical application of Lean Accounting principles and tools significantly reduces process waste and its associated cost. This study was carried out to examine the influence of the practice of Lean Accounting on waste management in Brewery Industry in Nigeria.  A survey research design was adopted in this study. The primary source of data was primary data collected through a structured questionnaire administered to 50 workers in Champion Breweries. The data collected were analysed with Chi-Square statistic. The result of the assumption tested revealed that the practice of Lean Accounting does not significantly influence waste management in Brewery Industry in Nigeria. This is because the industry in Nigeria is yet to embrace the concept fully. From the result, it was concluded that there is no significant influence of the practice of Lean Accounting on waste management in Brewery Industry in Nigeria. However, given the numerous benefits of the practice of the Lean Accounting, it was recommended that management in the industry should undertake to train their staff on the Lean principles and practice of Lean Accounting and ensure its full incorporation into the production process. This will lead to effective and efficient management of waste to provide good quality of their products which will ultimately add value to all stakeholders in the long run.