Wasted Efforts: The Pitfalls of Traditional Accounting

What You’ll Learn:

In this episode, hosts Patrick Adams and Shayne Daughenbaugh discuss the implementation of Lean principles in accounting, emphasizing simplifying cost accounting, aligning costs with value streams, and adopting a PDCA mindset, while also noting the limitations of traditional practices and the need for a value-based approach. They covered Lean pricing strategies, such as market-based pricing and demand alignment, and discussed optimizing changeovers for efficiency, alongside sharing experiences of assisting veterans in their transition to civilian life.

About the Guest: 

Mark DeLuzio is Founder and Chief Executive Officer of Lean Horizons Consulting. He is also a former Corporate Officer and Vice President of Danaher Business System (DBS) for Danaher Corporation. Danaher has been recognized as the leading implementer of Lean globally and has been rated as the 3rd most profitable US stock over the last 30 years. Mark is also credited with developing the first Lean Accounting process in the United States for Danaher’s Jake Brake Division, where he served as their Chief Financial Officer. Mark is the author of “Turn Waste into Wealth,” which offers practical advice for those considering a Lean transformation and “Flatlined – Why Lean Transformations Fail and What to do About It”, which offers the lessons learned from Mark’s association with hundreds of Lean transformations on a global basis.

Links:

⁠⁠⁠⁠Click Here For Patrick Adams LinkedIn⁠

⁠Click Here For Shayne Daughenbaugh’s LinkedIn

Click Here For mark Deluzio’s Website