Implementing a Lean Strategy Can Improve Your Company’s ROI!
If you’re truly interested in the application of lean principles I have a link below to a great article in which Orry Fiume discusses how a lean strategy can improve a company’s return on investment. He is a true legend in the lean accounting field and has given many incredible presentations over the years about this subject. He has co-authored an award winning book about Lean Accounting, and how it differs from standard cost accounting practices. If you or anyone in your organization needs to understand how lean manufacturing can improve return on investment (ROI), you need to read this article.
Orest (Orry) Fiume was vice president of Finance and Administration and a Director of The Wiremold Company, West Hartford, Connecticut, which gained international recognition as a leader in lean business management in “Lean Thinking.” Orry led Wiremold’s conversion to lean accounting in 1991 and developed alternate management accounting systems that supported the company’s entire lean business efforts. He has studied lean production in both the U.S. and Japan and has been a guest speaker at conferences around the world. Orry is the co-author of the 2004 Shingo Prize winning book Real Numbers: Management Accounting in a Lean Organization.
Here is the link where you can download a pdf version of the entire article: Lean Strategy can improve your company’s ROI.