Materials: Big Cost; Little Attention
Materials cost has a huge impact on profit for most manufacturing companies, but very little attention is given to managing this cost. This session will introduce how to use lean tools to reveal and manage materials cost.
Jean Cunningham, co-author of Real Numbers and one of the initial thought leaders for lean accounting, is offering some fresh and innovative guidance on how to focus on the materials cost of your products. She will share her latest thinking and experience on identifying and managing the waste inherent in material cost.
“In this session you will learn…”
- How to identify waste in material cost
- How to assign ownership to drive material cost improvement
- How to improve the role of accounting in material cost management
About the Facilitator:
As president of Jean Cunningham Consulting, Jean provides strategic lean guidance, management training, workshops, and kaizen events to a wide range of companies. Her goal is to enable clients to tightly integrate their business functions with lean operations, reduce waste, and maximize customer and product focus. In addition to her extensive consulting schedule, Jean speaks at lean conferences and teaches Lean Accounting for the Ohio State University Master of Business Operational Excellence program.
Jean is the co-author of two books awarded the Shingo Prize for Research: Real Numbers: Management Accounting in a Lean Organization, an essential text for learning Lean Accounting, and Easier, Simpler, Faster: Systems Strategy for Lean IT, a book on the practical application of Lean IT.
Jean is widely recognized for her pioneering work in Lean Accounting, IT, HR and other non-production functions. She is an original thought leader for The Lean Accounting Summit and The Lean HR Summit. Jean is a board member of the Lean Education Advancement Foundation and Automated Packaging Systems. She was the voluntary CFO of the Association of Manufacturing Excellence from 2006-2011.
For over 15 years, Jean was the CFO and VP of Company Services at Lantech, LLC and Marshfield Door Systems, Inc. It was during these tenures that she developed her lean acumen, driving lean from the manufacturing floor into the office functions to include finance, information systems, human resources, telecommunications, and others. Jean was a visionary in broadening the lean vision to establish a continuous improvement culture and one of the first true lean enterprises. Prior to joining Lantech, Jean was a financial professional with Digital Equipment Corporation and Westinghouse, holding a number of senior controllership and treasury positions.
Jean has a BS in Accounting from Indiana University and an MBA from Northeastern University’s Executive Program.