Operational Decision Making with Lean Accounting
Improving decision making in a Lean company
Workshop Code: MW-12
Day & Time: Monday, Oct 24, 2011 - 8:00 AM
Length: 8 hours
Cost: $250.00 USD
Accounting that uses traditional metrics and financial reporting does not always work for a business on a Lean Journey. While companies work hard to control costs and improve productivity, when they base their decisions on traditional accounting methods the results can be quite different than expected. And that means the company has to deal with the unforeseen - and could even go out of business.
What these businesses need is an accounting system designed for Lean. This Workshop will show you how this works. Attendees will hear how adopting accounting for Lean provides the better data and information you need to improve analysis and decision making. The Workshop will reveal the improved use of metrics needed to achieve motivation for Lean behavior.
In addition to lecture, there will be simulations, interaction and discussion. Specific examples will be used to demonstrate how relying on traditional financial information can and has forced companies to make the wrong decisions - decisions they would not have made if they had looked at financial information that supported their Lean endeavors.
- Learn why accounting for Lean provides better information and enables improved analysis and decision making.
- Find out the difference between traditional financial statements and Lean financial statements.
- Hear how relying on traditional metrics and financial statements can lead to making the wrong business decisions.
- Identify Value Streams and product lines and create financials to support them.
- Define key metrics and use them to target opportunities.
- Hear how accounting for Lean can help your business.
Jean Cunningham Consulting
Jean Cunningham is an internationally recognized pioneer in the Lean accounting field, and is the owner and founder of Jean Cunningham Consulting (JCC). In addition to an extensive speaking schedule, Jean currently serves as the CFO of the Association of Manufacturing Excellence.
Jean was previously Chief Financial Officer and Vice President of Company Services at Lantech, LLC, and Marshfield Door Systems, Inc. During those tenures Jean launched her Lean career, driving Lean from the manufacturing floor into the back office functions and including finance, information systems, human resources and telecommunications. Prior to joining Lantech, LLC, Jean was a financial professional with Digital Equipment Corporation and Westinghouse Electric, holding a number of senior controllership and treasury positions.
Jean is the co-author of the acclaimed book, Real Numbers: Management Accounting in a Lean Organization, and, Easier, Simpler, Faster, a book about Lean and information systems. Both books have been awarded the Shingo Prize, which Newsweek magazine referred to as the 'Nobel Prize of Manufacturing.'
Jean has a BS in Accounting from Indiana University and an MBA from Northeastern University's Executive Program.
You will be notified as we get closer to the conference to when you can register for a workshops.