Bill Waddell

"Profit is the inevitable conclusion of work well done" - Henry Ford

Click for more information on the 2010 Lean Accounting Summit

Download and read Bill's comprehensive article
describing the latest expert thinking on
Lean Accounting

Document
Download The Advancement of Lean Accounting

Bill Waddell is one of the leading authorities, authors and educators on

THE LEAN BUSINESS MODEL

The fundamentally different management model that drives manufacturers from good to great

 

TRADITIONAL MANAGEMENT


LEAN BUSINESS MODEL




ACCOUNTING


Standard Costs
Annual Budgets



Lean Accounting



ORGANIZATIONAL STRUCTURE


Functional
Hierarchical



Cross-functional Value Streams



PRODUCTION AND INVENTORY PLANNING & CONTROL


MRP/ERP
Forecast Push



Demand Pull



PERFORMANCE METRICS


Cell/Machine Level
Labor efficiency centric


Value Stream Level
Customer centric



QUALITY SYSTEMS


Inspection Based


Controlled at the Source



PEOPLE POLICIES


Variable Cost
Direct and Indirect


Fixed Cost
Cross Trained



CAPITAL INVESTMENT CRITERIA


ROI Based
Labor Savings Focus


Strategic
Quality-Flexibility-Flow Focus


EXCELLENCE CANNOT BE ACHIEVED THROUGH LEAN TECHNIQUES ON THE SHOP FLOOR ALONE

EXCELLENT RESULTS ARE THE RESULT OF EXCELLENT MANAGEMENT

CONTACT US TO SCHEDULE A 1 DAY VISIT TO GET STARTED ON YOUR TRANSFORMATION