Key Financial Outcomes of Lean Thinking
Date: Thursday, September 12, 2019
Time: 4:00PM-8:00PM (dinner included)
Location: Austin, TX
Jean Cunningham & Mike DeLuca
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. While traditional Finance and Accounting methods were designed primarily to support traditional, mass production manufacturing, Lean principles and methods require a new set of performance measures and accounting information to fully understand and make visible the benefits of the Lean transformation.
This workshop is designed for operational leaders, improvement leaders AND their financial counterparts to encourage a greater level of alignment between Lean Operations and Accounting. Through an interactive simulation and related exercises, participants will gain a deeper understanding of how to quantify and make visible the benefits of Lean thinking, and learn how to apply this Lean “Profit Model” to their own organizations.
At the end of this workshop, you will be knowledgeable in:
- How to quantify and make visible the benefits of Lean thinking
- Several approaches to capture the value of 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:
*NOTE: This workshop is run in affiliation with the Lean Leadership Week, which includes the Lean People Development Summit and Lean Accounting/Management Summit. You are not required to attend the Summit to participate in this workshop. Simply select only the workshop, and not the Summit, when registering.