Press Releases

December 2003

For Immediate Release

PROVEN SYSTEM HELPS TRANSFORM COMPANY'S ACCOUNTING METHODS TO SUPPORT TOTAL LEAN EFFORT

New York… Although many companies have moved from mass production to lean, they have not properly integrated accounting and finance. The result has been financial functions that not only lag behind the lean initiative, but actually hinder it. To sustain lean long term, however, accounting, control and measurement systems within an organization must support the lean transformation.

In Productivity Press' new Practical Lean Accounting -- A Proven System for Measuring and Managing the Lean Enterprise, authors Brian Maskell and Bruce Baggaley provide CFOs, controllers, accounting staff and general managers (who use key financial information to control their processes), with an accounting system that supports lean. The authors' step-by-step method transforms the accounting system by following the company's path through each stage of lean implementation.

A simple and easy-to-understand case study runs throughout the text illustrating the lean accounting transformation within the context of the total lean enterprise. A CD-ROM is included, containing a comprehensive lean accounting diagnostic, detailed forms and diagrams supporting the transformation to lean accounting.

List price is $50.00. Complimentary review copies are available to media contacts by calling (212) 216-7865 or by e-mailing: leon.carter@taylorandfrancis.com.

About the Authors

Brian H. Maskell, an internationally recognized expert in lean and excellent manufacturing implementation, is president of BMA Inc., a training and consulting firm specializing in helping manufacturing and distribution companies implement world-class and lean manufacturing approaches. Before moving full-time into consulting in 1992, he was a vice president with the Unitronix Corporation where he developed and implemented ERP systems. Maskell is also the author of six books, including: Performance Measurement for World Class Manufacturing, Software and the Agile Manufacturer, Making the Numbers Count and Accountant as an Agent of Change.

Bruce L. Baggaley, senior partner, BMA Inc., has expertise in developing management information for operational and financial planning and control, implementing financial accounting control systems and applying management principles to re-engineer operating processes in aerospace and defense, public utility, telecommunications, semiconductor manufacturing and service industries. His resume includes Accounting and Audit partner at KPMG, a managing associate in Coopers & Lybrand and a Presidential Interchange Fellow at the SEC. Baggaley has an A.B. in Economics from Dartmouth College and an M.B.A. in Finance from Columbia University Graduate School of Business.

About Productivity Press

Founded to provide world-class guidance for every level of an organization, Productivity Press is unrivaled in publishing high-quality material on lean manufacturing and business improvement.  Our books, learning tools and newsletter, Lean Manufacturing Advisor, are designed to help educate and support organizations in their efforts to implement the advanced management and manufacturing methodologies required to compete in today’s global business environment.

For more information on Practical Lean Accounting, or any of Productivity Press’ other titles, call 1 (888) 319-5852 or email info@productivitypress.com.