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The Author
Aer a tour of duty in public accounting, Nick
Katko began his Lean management system
career as chief nancial ocer of Bullard, a pri-
vately held manufacturing company in Kentucky.
In the mid-1990s Bullard made a commit-
ment to a Lean business strategy and began
hiring operations people with Lean experience.
Nick worked with Lean leaders to establish a
comprehensive Lean performance measure-
ment system that was used to measure and
manage the entire business.
As inventory was dramatically reduced, Nick realized the irrelevance
of the standard costing system to the business. Nick created and intro-
duced value stream income statemen ...