Lean Accounting Summit to Challenge Traditional Cost Accounting in the Lean Enterprise

The objective of the 2005 Lean Accounting Summit is to develop a common understanding of what must take place within firms to spark this long overdue revolution in Lean Accounting. The Summit will bring in the top thought leaders in lean cost management, and share their knowledge, experience, and vision of the future of business accounting.

Fishers, IN (PRWEB) April 9, 2005 -- Flexware Innovation announces the first annual Lean Accounting Summit to take place in Dearborn, Michigan September 22-23, 2005. The event is being sponsored by Flexware, the Association for Manufacturing Excellence (AME), and the Society for Manufacturing Engineers (SME) and will feature more than 20 lean accounting thought-leaders. Notable presenters will include, among others, Tom Johnson, Professor of Business Administration at Portland State University, Brian Maskell, President of BMA Inc., and Orry Fiume, 2004 Shingo Prize winning author of Real Numbers: Management Accounting in a Lean Organization."

Jim Huntzinger, Master Guide for Flexwares highlandpath process and event organizer, explains the summits purpose, Were trying to spark a long overdue, but needed, revolution in accounting. We hope to foster an understanding of what needs to take place and why." Huntzinger has been involved in lean implementations for more than 16 years and says the transition will not be quick, but hopes the annual gathering will propel the issue forward.

The summit will include a keynote speech by Johnson, as well as lean and accounting breakout sessions and panel discussions. All activities will be held at The Dearborn Inn and, according to Huntzinger, will appeal to accountants as well as lean manufacturing practitioners.

Explaining the need for lean accounting, Maskell notes, Traditional cost accounting methods were established to support mass production. Its important to change our accounting methods to better support todays lean enterprise."

The Lean Accounting Summit website is located at www.leanaccountingsummit.com. More information on the need for, and purpose of, lean accounting can be found there.

About Flexware Innovation, Inc.
Flexware was founded in 1996 by Scott Whitlock as a manufacturing IT and automation services company. The company quickly formed a niche in Manufacturing Execution Systems (MES), helping companies strategize, select, and implement custom and commercial-off-the-shelf systems. Flexware employs more than 30 manufacturing systems professionals and support staff, serving clients in the pharmaceutical, medical device, assembly, and automotive industries.

www.flexwareinnovation.com

About highlandpath
In 2002 Flexware defined a unique continuous improvement process called highlandpath to guide clients through operational and enterprise excellence transformations. This group utilizes this proprietary process to find high leverage, high meaning opportunities and seizes those opportunities with the best of Lean, Six Sigma, and other continuous improvement methodologies.

www.highlandpath.com

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