The Lean Profit Model (1 Day Class)
Do you struggle to communicate the value of lean projects? Is it difficult to translate lean efforts into a language understood by executives or finance people? Are your team members losing motivation in sustaining their lean work?
The profit model has helped companies to look at their efforts and impact of lean in a practical and productive way. It helps bridge the gap between two inneffective strategies: managing only by numbers and managing by no numbers at all. Toyota talks about numbers. In lean, we should as well. This workshop offers a way to talk about lean in connection with financial impact using a model that has been successfully applied at both small and large companies.
At the end of this workshop, participants will:
- Experience several approaches to capture the quantitative value of their lean activities
- Apply their specific situation to a profit model
- Practice speaking in a common language that resonates with their internal customers
Transitioning the culture of an organization into one that practices lean-thinking requires time, commitment and resources. Regardless of whether an organization is just starting out or has been practicing lean for years, at some point, many organizations want to know what their investment is giving them in return.
This workshop will show the connectivity between the various types of lean tools, techniques and concepts and how the benefits of using lean can be captured in quantitative aspects. You are asked to bring specific problems or challenges with them to this workshop. Throughout the day "real-life" examples applicable to your situation will be given to show how to capture the benefits of lean based upon your specific need.
We will review smaller, short-term trends and larger, long-term trends so that you will be able to grasp the current situation of who your customers are, what they want, what they need and/or what is value-added to them, in order to ensure you understand HOW to see the benefits that your internal customers will understand and appreciate.
We will review a variety of approaches to demonstrate and practice how to capture the quantitative data and how to describe these benefits in a meaningful way and in a common language.
Financial benefits will also be connected to the financial statements gradually, therefore consider what leading indicators to monitor in order to validate what's working and where to potentially prioritize other lean initiatives. At the end of this workshop, participants will leave with an action plan, specific to their needs, to aid them in capturing the quantitative benefits of lean within their organization.
Who should attend:
This workshop is appropriate for continuous improvement leaders in a wide range of industries, functional areas, and levels, such as:
- Lean/Continuous Improvement/Operational Excellence Leaders
- Non-financial and financial professionals
- Business process functional areas (e.g. HR, IT, Finance, etc.)
- Industries: Healthcare, Manufacturing, Service Industries
*This workshop was formally titled Capturing the Value of Lean.
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