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4th Annual Lean Accounting Summit
World's largest lean accounting event. Register with "LAN" as the promo code and get $150 off the registration fee. Available for new reservations only.
September 17-18, 2008
Las Vegas, NV |
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Lean Accounting Summit Fast Approaching
September 17-18, 2008, Las Vegas |
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The Lean Accounting Summit, which on September 17th enters its fourth year, will feature lean pioneer Richard J. Schonberger as the second day keynote prester. His presentation is titled, "Why Lean Doesn't Resonate with Marketing, Top Executives, Investors, General Public-and What To Do About It."
Schonberger is credited with originating the term and concepts of world-class manufacturing. He is also author of some 150 articles in periodicals ranging from general business (Harvard Business Review, Wall Street Journal) to functional (Quality Progress, Journal of Cost Management), and numerous books and videos.
Summit organizer, Dwayne Butcher, comments, "To have someone of Richard's stature at the Summit is a great treat! He is truly one of the lean pioneers dating back to the early 80s. I personally look forward to hearing his insights into getting lean to resonate with multiple audiences."
Butcher noted that registrations are higher than any of the previous three years. He noted, "There's obviously a concern in a tight economy that folks won't travel, but so far, we've not seen that. Our hope is that the return companies get from applying lean and lean accounting principles far out-weighs the investment. Given that many attendees are returning for the fourth year, I'd say they're getting a return."
Lean Accounting News readers are eligible for a $150 discount by entering promo code "LAN."
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Faculty-Student Scholarships Offered for Summit
AME and IMA repeat program to send pairs to Lean Accounting Summit. |
The Association for Manufacturing Excellence (AME) and the Institute of Management Accountants (IMA) are offering an opportunity for accounting faculty who want to learn more about lean accounting concepts for curriculum development and/or research purposes. The program is designed to provide funding for a faculty/student pair to attend the Lean Accounting Summit in Las Vegas Sept. 17-18. The student should be enrolled in either a graduate or undergraduate program at the faculty member's institution. The Lean
Accounting Summit seeks to foster the discussion of how today's lean enterprise requires an update of traditional accounting practices.
The scholarship, valued at a combined $3,790, is designed to:
Provide a complementary registration to the Lean Accounting Summit ($1,395 each) for one faculty member and student.
Provide travel grants up to of $1,000 for each faculty/student pair to assist with travel and hotel accommodations.
To apply for a scholarship, please prepare a letter of application (not to exceed two pages) addressing each of the following items:
1. Full contact information including position title and academic affiliation.
2. Description of how you will select a student to accompany you and explain how you believe the student will benefit from attendance.
3. A brief description of your teaching responsibilities including an explanation of how lean accounting concepts can be integrated into your courses.
4. A summary of any current or potential research projects related to lean accounting.
Applications are due Aug. 11, 2008. Scholarship recipients will be notified on or before Aug. 18, 2008. The scholarship program is available only for faculty who plan to attend the conference with a student from their institution. The recipients will be selected by a team of professionals with lean accounting expertise representing AME, the IMA and the Lean Accounting Summit. Please send letters of application or questions to: Dr. Sandra B. Richtermeyer at Richtermeyer@xavier.edu; 513.600.8068 and
Dr. Frances Kennedy at fkenned@clemson.edu; 864.656.4712 |
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Lean Accounting Spreads Overseas
Interest is high in Eurpose and Asia |
Leading lean accounting trainers and experts are taking their knowledge to Europe and Asia:
· Jean Cunningham of
Jean Cunningham Consulting has held seminars in the United Kingdom and is working with the UK-based publication The Manufacturer on a survey of British companies to ascertain their understanding of lean accounting. Additionally, Cunningham conducted a workshop at the University of Bangkok earlier this year and will be conducting another workshop in China in August. (TBM Consulting is sponsoring the event.) On Oct. 15 and 16, she will participate in
The Manufacturer Live 2008 event in London, presenting "Bridging the Gulf Between Lean Manufacturing and Lean Accounting" and "Lean Accounting Deep Dive: Creating a Lean Centric System."
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BMA Inc., lead by Brian Maskell, also has ventured overseas. The company has created a European unit, which is led by Ross Maynard, author of "Successful Business Growth." In Europe, BMA has held "master classes" in both England and Italy. "Our next class in Italy is Nov. 20 and 21, and we will be doing a one-day "Lean Thinkers Club Event" on Oct. 31 in cooperation with
Considi Consulting," Maskell said. The company has several overseas clients.
· Of course, the
Beyond Budgeting Roundtable (BBRT), a user community and concept that promotes an alternative approach to sales forecasting, has its roots in Great Britain and is affiliated with lean accounting. Its North American group is lead by Steve Player of
TPG Consulting. BBRT will hold its European members' meeting Nov. 6 (North American group will meet Oct. 27 and 28), and will hold a conference in Basel, Switzerland, on Nov. 12.
· In May Jim Huntzinger, co-founder of the
Lean Accounting Summit, spoke about lean accounting at the Production System 2008 Conference in Munich. He said many attendees are having the same struggle at their companies as lean practitioners in North America are having: Accounting is an impediment to lean implementation. "Accounting for lean can help organizations in Europe, just as it continues to help those in North America," Huntzinger said.
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What is Lean-and-Green Sustainability?
Accounting's role is to consider environmental impact.
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Editor's Note: Glenn Marshall is director-at-large for the Association for Manufacturing Excellence and a lean leader at Northrop Grumman Shipbuilding, Newport News Operations. He is leading a lean accounting Community of Practice for the defense industry. Contact him at glenn.marshall@ngc.com or 757-688-2995.
We all know how integral lean has been in our organizations' successes. In the future, economic survivability will require businesses to be actively engaged in advancing a balanced set of lean-and-green principles and best practices. Lean-and-green leaders are collaborating to create values, principles and initiatives to eliminate waste and minimize the consumption of resources. It is their hope that these concepts and actions will ensure the sustainability of our economic and ecological systems. Sustainability is a relatively new term that describes how to make the human economic systems last longer and have less impact on the ecological systems, and particularly relates to concern over major global problems such as climate change and oil depletion. More important are the ways to make some unit of economic production - a business firm, a family household, a farm - more sustainable. A lean-and-green enterprise is an integrated entity that focuses on the elimination of waste by minimizing the consumption of resources (both human and natural capital) to effectively create value for its customers and stakeholders.
Human capital pertains to business practices relating to labor, and the community and region in which a company or other resource-consuming organization conducts its business.
Natural capital refers to sustainable environmental practices, by which a company or organization endeavors to benefit the natural order as much as possible, or at the least do no harm or reduce harm to the environment.
A lean-and-green enterprise uses lean-and-green accounting - an integrated systems approach for accounting, controlling, measuring and managing the sustainability of a lean-and-green enterprise. Lean-and-green accounting means expanding the traditional reporting framework to take into account environmental and social performance in addition to financial performance. Lean-and-green accounting uses a "balanced" value-stream scorecard for an integrated scorecard for accounting, controlling, measuring, and managing the sustainability at all levels by focusing on key performance indicators of the value streams to minimize the consumption of resources. It is a mix of financial and non-financial indicators to drive the deployment and achievement of strategic objectives from the perspectives of the Customer, Financial, Operational, People and Sustainability of the economic and ecological performance of the enterprise, as shown in Figure 1.  Figure 1 The balanced scorecard is used to select the right key performance indicators to "measure what matters," which allows the vital signs and health of the value streams and enterprise to be effectively monitored. Thus, the job of managing the lean-and-green enterprise changes from being reactive to being proactive. This approach addresses issues and deploys counter measures before they become a serious problem to the organizations sustaining economic and ecological performance. Neither the economic or ecological systems can be sustained without a new emphasis on "doing more with less."References and Links: | |
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