Agenda

Accounting for Lean at MarquipWardUnited
Jerry Solomon & Rosemary Fullerton

MarquipWardUnited, a division of Barry-Wehmiller, is located in Hunt Valley, Maryland. The plant produces large, complex packaging equipment for the corrugated box industry.  Jerry Solomon, VP of Operations, and Rosemary Fullerton, Associate Professor of Accounting at Utah State University, will discuss their experiences in making the transition at MarquipWardUnited from standard costing to lean cost management.  Solomon, the Shingo Award winner for his Lean accounting novel Who’s Counting?, is a well-known advocate for lean thinking and popular seminar presenter on lean accounting. Fullerton worked with Solomon at MarquipWardUnited during her year-long sabbatical investigating lean accounting systems. This case study will provide first-hand insight into the nuances of a complex accounting system transition involving a machine shop and custom assembly operation. The exact process, the benefits, and the pitfalls of the transition will be explored. Much of this material is detailed in Solomon and Fullerton’s Shingo Prize winning book, Accounting for World Class Operations.