Professional Documents
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Lean Management Accounting Workshop Resolves Conflicts Between Lean Thinking and
Traditional Accounting
“Management Accounting for Lean Businesses” is aimed at finance and operations managers
who are running into conflicts between their traditional management accounting systems and the
application of lean principles that continuously improve their businesses.
Cambridge, MA, Feb. 25, 2010 -- The nonprofit Lean Enterprise Institute (LEI) will present the
workshop “Management Accounting for Lean Businesses” to help financial and operations
managers and executives understand and implement the necessary changes in finance needed to
support a lean transformation.
The workshop will run May 13, 2010, from 8 a.m. to 4 p.m. at the Marriott Seattle Airport,
Seattle, WA. It is part of a series of eleven public workshops on how to implement lean
management concepts in healthcare and administrative processes as well as in management
accounting and corporate strategy.
Lean Thinking
Workshop instructor Orest Fiume, former vice president of finance and administration of The
Wiremold Company, led the company’s conversion to lean accounting, a key element in its
adoption of lean management. The transformation was made famous in Lean Thinking by James
P. Womack and Dan T. Jones. While at Wiremold, Fiume also developed accounting systems
that supported the company’s entire lean business efforts and went on to install lean accounting
at more than 20 Wiremold acquisitions.
What is Lean?
http://www.lean.org/WhatsLean/
The terms lean manufacturing, lean production, or lean management refer to a complete business
system for organizing and managing product development, operations, suppliers, customer
relations, and the overall enterprise that requires less capital, material, space, time, or human
effort to produce products and services with fewer defects to precise customer desires, compared
with traditional modern management.