Bridging the Gap Between Accounting, Operations and Strategy
Accountants typically do not understand Lean, do not know how to measure Lean improvements and generally have not been asked to participate in Lean activities that usually focus on the shop floor. On the other hand, Operations’ professionals typically achieve great gains and are surprised their efforts are not recognized by the Accountants. It is imperative that Accounting and Operations work together to develop new metrics and “plain English” financial reporting. This presentation will illustrate what can be done to eliminate the disconnect between Accounting and Operations.
Jerry Solomon, VP of Operations at MWU, a Division of Barry-Wehmiller (retired)
As CFO and VP Operations, Jerry Solomon has led Lean transformations achieving dramatic improvements in inventory turns, lead-times, customer service, income and cash flow. He has authored three Lean books, two of which won the prestigious Shingo Award: Who's Counting? and Accounting for World Class Operations. He is a thought leader and subject matter expert in Lean Accounting and has been teaching and practicing Lean Accounting for the last three decades. Jerry was a long time board member of the Maryland World Class Consortia, is an AME Examiner, a Shingo Prize Research Board Examiner and a frequent speaker at industry conferences. Jerry has a BS from Clarkson University, an MS from Michigan Tech and an MBA from The University of Chicago.