Understanding Lean Accounting and Accounting For Lean

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Course Overview

Through case studies and practical workshop exercises you will gain an understanding of the shared practices among successful continuous improvement transformations, why and how to apply value-stream costing to assembly and machine shop operations, how continuous improvement principles can be applied to administrative processes, and best practices for implementing accounting for continuous improvement.

Who Should Attend?

  • Presidents
  • General managers
  • CFOs
  • Controllers 
  • Vice presidents and directors of finance, operations, and supply management
  • Plant managers
  • VPs and directors of operations
  • Cost accounting managers
  • Continuous improvement professionals

Course Outline

Key Components of Continuous Improvement

Continuous Improvement Success Stories and Financial Results

Factory Simulation Workshop

Calculating Results of Factory Simulation Workshop

Review Traditional Cost Accounting

Defining Lean Accounting and Accounting for Lean

Calculating the Impact to the P&L as Inventory Turns Improve

Steps to Implementing Accounting for Lean

 

Instructors

Jerry Solomon

Jerry Solomon has worked in manufacturing for nearly 40 years. In December 2014, Mr. Solomon retired as the VP of Operations, MarquipWardUnited–Hunt Valley, a division of the Barry-Wehmiller Companies. During his career, Mr. Solomon held the positions of Chief Financial Officer and VP–Manufacturing at three mid-market manufacturing companies. In these positions, he simultaneously applied continuous improvement tools to production and accounting processes to overcome the traditional departmental barriers and develop timely and actionable information. Mr. Solomon authored Who’s Counting, which received the 2004 Shingo Prize for Manufacturing Excellence. He also co-authored a book with Rosemary Fullerton, Accounting for World Class Operations: A Practical Guide for Providing Relevant Information in Support of the Lean Enterprise, which received the 2008 Shingo Prize for Manufacturing Excellence. Mr. Solomon has a BS degree from Clarkson University, an MS degree from Michigan Technological University and an MBA from the University of Chicago.

Jeff Oelke

Jeff Oelke oversees the Maintenance and Reliability Certificate offered through the University of Wisconsin–Madison Engineering Professional Development. Mr. Oelke has over 20 years of experience working with manufacturing companies. In addition to a thorough understanding of Lean, Six Sigma, Theory of Constraints and Quick Response Manufacturing strategies, Mr. Oelke has firsthand experience with assembly, metal forming, welding, plastics, printed circuit layout and fabrication, paint and wood products manufacturing processes. Prior to joining Engineering Professional Development, Mr. Oelke was the managing member of the Continuum Management Group, LLC, Richland Center, WI, and the division manager for supplier development at Deere and Company’s Commercial and Consumer Equipment Division. Mr. Oelke possesses MS and BS degrees with concentrations in manufacturing operations and computer hardware architecture.  He has been certified as a Six Sigma Black Belt by the American Society for Quality (ASQ).

Upcoming dates (0)

Take this course when it’s offered next!

Program Director

Jeff Oelke

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