| 2019 Mike DeLuca ~ The Lean Profit Model

The Lean Profit Model

 

Presented By:

Mike DeLuca

Abstract:

Many organizations, whether just beginning their Lean journey or well down the path, want to understand how their investment in Lean thinking is impacting their financial outcomes. In this session, participants will learn specifically how Lean improvements impact both the income statement and balance sheet. These financial impacts will be demonstrated with examples illustrated both graphically and using an interactive spreadsheet that models the calculations. Participants will gain a deeper understanding of how to quantify and make visible the benefits of Lean thinking in their own organizations

Objectives:

In This Session You Will Learn…

  • How to quantify and make visible the benefits of Lean thinking
  • Several approaches to capture the value of their lean activities
  • How to apply the Lean profit model to your own organization
  • To evaluate where the benefits will and will not appear on the financial statements over time

About the Facilitator:

Mike De Luca’s 25 years of experience include over 15 years of Finance leadership experience in the corporate environment. Prior to his work as a consultant, Mike served as Executive Director of Finance at Group Health Cooperative in Seattle, where he led the lean transformation of his own department, evolved the role of Finance to meet the changing needs of a lean organization, and co-led the transformation of the financial planning process to better align with the strategy deployment and continuous improvement cycles of the lean enterprise. Mike has a Master of Science in Finance degree, is a Fellow of the Healthcare Financial Management Association, and is a Certified Lean Six Sigma Master Black Belt.

Back to the agenda