Meeting/Event Information

February 2014 PDM

February 26, 2014
5:45 PM to 9:00 PM
 Add to Calendar

Newlands Golf & Country Club
21025 48th Avenue
Langley, BC V3A 3M3

In today’s volatile and complex supply chain scenarios, conventional unit cost-centric metrics impede product and cash flow and ultimately compromise ROI performance.  The commitment to and maintenance of unit cost minimization is a self-imposed obstacle of contrived measures rejected by management accounting, economics and physics.  Intertwined with forecast error, they have become the major sources of variation in supply chains fueling the “Bullwhip Effect” and eroding performance.  Finance and Operations teams that overcome this obstacle can create a huge competitive advantage for their company.

Learning Outcomes:

  • Understand the relationship between the flow of relevant information and materials to ROI performance.
  • Understand the criteria and definition of relevant information for decision-making.
  • Identify how a cost centric efficiency strategy and its metrics fail the test of relevancy.
  • Provide an example that demonstrates the clear connection to the erosion of ROI performance and the pervasive conflict between a cost centric efficiency strategy and a system flow centric efficiency strategy.
  • Expose the “new” science and the “new” rules that explain cost and revenue (flow) behaviour in today’s supply chains.
  • Quantify the opportunity gap of relevant information for your own organization.
  • Outline how to get smarter metrics - a blue print for change.

This PDM will bring insights into some of the strategies the some of the world’s leading Supply Chain companies are adopting today. You will be able to network with fellow professionals while learning from a renowned tough leader. Do not miss this opportunity, register now!

Our Guest Speaker

Debra Smith is a co-founder and partner with Constraints Management Group, LLC, a services and technology company specializing in pull-based manufacturing, materials,and project management systems for midrange and large manufacturers. She began her career in public accounting with Touche Ross (now Deloitte, Touche). She has worked as both a controller and a VP of finance for two different publicly traded firms,spent seven years as an accounting professor where her research focused on the role of metrics in process improvement.

Ms. Smith began working with Dr. Eli Goldratt in 1990. In 2001 she was elected to the founding Board of Directors of the Theory of Constraints International Certification Organization serving five years and is certified in all TOC disciplines. Ms. Smith has been active in the Institute of Management Accounting (IMA) and APICS and a keynote speaker on three continents.

She is a co-author of The Theory of Constraints and Its Implications for Management Accounting, the recipient of the 1993 IMA and Price Waterhouse applied research grant, a contributing author for The Theory of Constraints Handbook, and the author of The Measurement Nightmare.

Ms. Smith has been at the forefront of developing and articulating smart metrics as published in the ground breaking book Demand Driven Performance – Using Smart Metrics (McGraw Hill 2013). Clients, past and present,include Unilever, LeTourneau Technologies, Boeing, Intel, Erickson Air-Crane,Siemens, IBM, The Charles Machine Works (Ditch Witch), Avigilon and Oregon FreezeDry