Orest J. Fiume
Former Vice President of Finance, The Wiremold Company

Lean Accounting

Mr. Orest Fiume was the vice president of Finance and Administration and a director of The Wiremold Company in West Hartford, Connecticut. He was the company’s senior financial officer from 1978 until his retirement in 2002. In 1991, he led Wiremold’s conversion to Lean accounting and developed alternate accounting systems that support more than 20 acquisitions. Lean Thinking by James P. Womack and Daniel T. Jones recognized Wiremold as a leader in Lean business management.

Orry studied Lean production in both the U.S. and Japan. He has been a guest speaker at many conferences, and he has taught seminars on Lean accounting at the University of Dayton, The Center for Lean Business Management, the TBM Institute and Connstep. He also was a member of the People to People Program’s Economic Management Delegation to China. His co-authored book, Real Numbers: Management Accounting in a Lean Organization, was awarded a Shingo Research Prize in 2004.

He holds a bachelor’s in accounting from Fairfield University and a master’s in management from Rensselaer Polytechnic Institute. Orry is a member of Financial Executives International, where he is a past president of the Connecticut Valley Chapter. He is also a certified public accountant, and he serves on several Boards of Directors. In 2003, Orry was inducted into the Shingo Prize Academy.

Orry will focus on how you can implement accounting practices that support your company’s Lean strategy. He will discuss the logic and principles behind a proven model for lean accounting that clearly shows the true positive results of lean – based on the successful lean accounting transformation performed by the world-class Wiremold Company beginning in 1991.