0
0
Overview:
The business enterprise has evolved dramatically over the past 100 years. Many claim that traditional accounting practices have not evolved and no longer support modern operations. This has most clearly been demonstrated in manufacturing, where manufacturers have moved from batch processing to single-piece flow processing, a result of applying lean principles. Modern operations - and "lean" operations specifically - have now taken root in most industries. Healthcare, service, construction, government, and countless other industries successfully apply lean concepts to eliminate waste and get more from fewer resources.
So why are accounting and operations at odds and how can you overcome this?
See how three former CFOs became change agents and aligned accounting with lean operations. You'll learn about the financial impact that resulted as they share lessons learned and provide practical recommendations to start your own lean accounting journey.
This presentation on CD-ROM also includes the PowerPoint slides to help sum up the discussion and drive home the important.
(CD-ROM of Webcast Originally Presented on March 7, 2007)
Moderator:
John Hudson, CPA
Speakers:
Jean Cunningham, MBA
Mark DeLuzio, MBA, CMA, CPIM
Jerrold M. Solomon, MBA
John F. Hudson, CPA is the President of Hudson Consulting Group, LLC. Prior to founding Hudson Consulting Group, LLC in 2002, John was one of the original founders of CPA2Biz, Inc., the exclusive marketing agent of the American Institute of CPAs. John has more than 25 years experience in the practice of public accounting, business strategy, product development and entrepreneurship.
Hudson Consulting Group, LLC, provides business & product strategy consulting services to CPA firms and organizations serving the CPA profession. Previously, John served in a number of senior capacities at CPA2Biz, Inc. including leading corporate strategy, managing a multi-million dollar business unit, and leading the organization's corporate marketing and communications efforts. Prior to CPA2Biz, John served as the Chief Knowledge Officer and in various senior business and technical roles at the AICPA. He also spent 15 years at KPMG, one of the nation's leading accounting and consulting firms.
An authority on the evolution of the accounting profession and the challenges faced by CPAs, John regularly speaks on issues of concern to CPAs. He has been quoted in leading business publications, including The Wall Street Journal, The Wall Street Journal - Europe Edition, The Cleveland Plain Dealer, Bloomberg Business News and virtually every trade publication addressing the CPA profession.
John is a member of the American Institute of CPAs and a former member of the U.S. delegation to the International Accounting Standards Board and the Journal of Accountancy Editorial Advisory Board. He is also a member of the Advisory Board of the Graduate School of Business at Florida State University
John is a Certified Public Accountant [CPA] and holds a Master of Business Administration [MBA] degree from Florida State University and a Bachelor of Arts degree from the University of West Florida.
Jean Cunningham is co-author of Real Numbers: Management Accounting in a Lean Organization, 2004 Shingo Prize for Research recipient. Jean serves a number of clients with business strategy, process improvement, and growth and acquisition planning through out the U.S. She is the former Chief Financial Officer and Vice President of Company Services, responsible for Accounting, Human Resources, Information Systems and Telecommunications at both Lantech, LLC and Marshfield DoorSystems, Inc.
From 1991 through 2004, Jean was a leader in Lantech’s evolution of a small, family owned business to a lean industry leader. Lantech’s Lean Journey was chronicled in the best seller, Lean Thinking.
Jean joined the continuous improvement effort at Lantech from their first kaizen, and took the revolution of lean from the manufacturing floor to the business office of this Louisville, Kentucky manufacturer of packaging equipment. She was actively involved with Lantech's product expansion efforts through acquisition and product development.
Prior to joining Lantech, Jean was a finance professional with Digital Equipment Corporation and Westinghouse Electric. She cut her teeth in the business world in her mother’s business from age 12, later teaching school and managing a restaurant, which provided a base of practical experience.
In addition to co-authoring Real Numbers, she has contributed to several publications related to lean accounting and lean operations and has another book in pre-publication on Information Systems in a Lean Organization. A former instructor of Operations Management in the Boston University MBA program, Jean has lectured on Lean Accounting and Operations Management on many occasions.
Jean has a BS in Accounting from Indiana University and an MBA from Northeastern University's Executive Program. She lives in Chicago area with her husband, Alan Riggs, and has two sons.
As a pioneer in the lean movement, Mark DeLuzio led the development and implementation of lean for the Danaher Corporation, serving as Vice President and Corporate Officer of the Danaher Business System (DBS). Mark held senior management positions at Danaher’s Jake Brake® division, including General Manager of their Asian business and Chief Financial Officer. As CFO, Mark developed the first Lean accounting system in the United States. Mark spent considerable time in Japan studying the Toyota Production System at Toyota, Hino Motors, and other world-class companies. Mark is APICS certified (CPIM), a CMA, and holds an MBA in Operations Management. Mark currently is president and CEO of Lean Horizons Consulting, LLC.
As a practitioner, Jerry Solomon has had a unique opportunity to implement Lean enterprise techniques as he’s held the positions of Chief Financial Officer and Vice President of Manufacturing simultaneously at three middle market manufacturing companies. In his dual role he was able to cast aside traditional departmental barriers and galvanize the accounting and manufacturing areas during the Lean journey.
While Chief Financial Officer of Vermont Castings Inc., Mr. Solomon redesigned the accounting procedures and teamed with the operating folks to provide user friendly reporting that facilitated the improvement process taking place on the production floor.
Mr. Solomon then became the CFO and VP of Manufacturing at PACE, Inc., an electronics manufacturing firm providing equipment to the telecommunications, consumer electronics, automotive, computer and medical industries. Mr. Solomon led the Lean transformation that resulted in customer lead-time reductions of 75%, productivity improvements of 64%, space reductions of 50%, quality improvements of 100%, and a doubling of inventory turns. In addition to the improvements taking place on the plant floor, the cost accounting system was simplified and the use of MRP for executing the production plan was eliminated in favor of a pull system with electronic links to all suppliers. As a result of these efforts, PACE, Inc. was certified as a World-Class company by the Maryland World Class Manufacturing Consortium, the first and only company awarded this distinction in the Consortium’s ten-year history.
Currently Mr. Solomon is the VP of Operations – Hunt Valley, for MarquipWardUnited, the largest division of the Barry-Wehmiller Companies Inc., the Western Hemisphere’s leading packaging automation and converting group. Mr. Solomon is leading the Lean transformation efforts in both the manufacturing and financial areas.
Mr. Solomon holds a B.S. degree from Clarkson University, an M.S. degree from Michigan Technological University and an M.B.A. from the University of Chicago. He’s served on the Board of Directors of Vermont Castings Inc. as well as the Green Mountain Economic Development Corporation. He’s been an instructor in Lean Accounting, is on the Board of Directors of the Maryland World Class Manufacturing Consortium as well as serves as the Chairman of the Vendor Certification Committee. Mr. Solomon is the author of the Shingo Award winning book, Who’s Counting?, a highly acclaimed business novel focusing on the interaction of manufacturing and accounting during a Lean transformation, and Leading Lean, a novel about a three day Lean event. Mr. Solomon brings a unique perspective to the requirements of manufacturers in their quest to achieve World Class performance.
Webcast System Requirements
TEST YOUR SYSTEM now!
Operating System
Older Windows operating systems, including Windows NT / 98 / ME, will most likely work but are not officially supported. Please consult http://support.microsoft.com/default.aspx?pr=lifesupsps to determine if your operating system is still supported by Microsoft.
Macintosh and Unix/Linux-Based operating systems
This presentation incorporates advanced multimedia features that allow elements such as slides, polling questions, surveys, and application demonstrations to be dynamically sent out and synchronized with the presentation. Certain standard browser plug-ins do not fully support these features in combination with Macintosh and Unix/Linux operating systems. Supported browsers with a properly installed Adobe Flash player plug-in (version 8+) will be able to view live and on-demand presentations streaming in Adobe Flash format. Not all presentations will feature this option, so alternatives include using the Firefox Web browser in combination with a properly installed RealPlayer plug-in. Please note: Presenters may not offer either option with the live Webcast.
Pentium III 733mhz+ or equivalent
256MB
1 - Internet Explorer is the preferred browser for presenters.
2 - The presentation is built on pop-up-less technology; however, the presenter may choose to use pop-up windows. In these cases, pop-up blocking software must be disabled for the presentation to work correctly. In many cases, holding down the "CTRL" key while opening the Webcast URL will temporarily disable your pop-up blocking software. Please consult the documentation for your pop-up blocking software to determine the correct way to temporarily disable it.
Hardware
Media Players
3 - If you receive a message that the system did not find RealPlayer installed within your Firefox browser, it's possible the plugin needs to be reinstalled (this can happen if the browser was installed after the player). Simply reinstall RealPlayer to fix this condition. (NOTE: If you have Windows Media Player or Adobe Flash Player installed, you do NOT need to install RealPlayer.)
Internet Connection4 - 56k Dial-up Modem. The presentation must have a low bandwidth video of 56kbps or audio-only 28kbps option listed.
5 - Cable Modem/DSL. The presentation must have a broadband video 100kbps or higher option listed. Typical Cable Modem/DSL speeds will average between 500kbps - 2mbps. Check with your local ISP for bandwidth allotment.
6 - Corporate LAN. The presentation must have a broadband video 100kbps or higher option listed. Bandwidth on corporate LANs can vary based on network traffic. Check with your local IT administrator for bandwidth allotment.
You can TEST YOUR SYSTEM now.
Customer Service
Customer Service
Customer Service
Back to Browsing Products
