We hope you will join GBMP in welcoming Jerry Solomon for a very special workshop and learn how Lean Accounting can bridge the gap between your traditional accounting practices and your Lean Operations to improve the odds of a successful Lean journey and transformation.
The operational strategy most effecting in achieving world-class performance is Lean. Unfortunately, accounting can be an obstacle to the Lean journey as traditional performance metrics are not aligned with nor helpful in promoting Lean behavior. Operations professionals achieve great gains on the production floor but are surprised when there is little evidence of improved operating results. Manufacturing must understand why improving flow, reducing inventory, improving customer service and creating capacity will potentially lower earnings. Manufacturing must be able to explain this, in advance, so accounting is not surprised when quarterly results are prepared. Accounting and manufacturing must work together to develop new metrics and "plain English" financial reporting. This class will illustrate the changes required.
Who Should Attend:
Company Presidents, Plant Managers, CFO's, Manufacturing Engineers, Controllers, Continuous Improvement Professionals, VPs & Directors of Finance, Product Development Engineers, Operations & Supply Chain Teams & Human Resource Leaders
Key Learnings:
Why shop floor improvements will likely be invisible to accounting
Why current metrics will not illustrate Lean improvements
What manufacturing practitioners can do to create an alliance with accounting
Why your company's cost system likely promotes non-Lean behavior
How to value inventory in a Lean environment
How to calculate costs without a standard cost system
How to construct profit and loss statements that all associates can truly understand
How Lean tools eliminate waste and transactions in accounting and free up accountants to be strategists and consultants to the value streams
About the instructor:
We are delighted to welcome Jerry Solomon whose 35 years of experience working in a variety of industries in CFO and VP of Operations positions makes him an incredible resource and a great person to know! He led Lean transformations achieving dramatic results in inventory lead times, customer service, income and cash flow. He has authored three books, two of which won the prestigious Shingo Award: "Who's Counting" and "Accounting for World Class Operations". He was the Maryland Lean Leader of the Year in 2013 and is a founding thought leader and subject matter expert in Lean Accounting which has has been teaching for the last decade.
When: Wednesday & Thursday, April 27-28, 2016, from 8:30 am - 5:00 pm
Tuition: $690 for GBMP Members; $890 for non members (group discount available for 5+ students from a single company)
