Work In Progress Throughput Time

What are the benefits of having a superior Work in Process (WIP) throughput speed? Whenever I mention improving throughput speed in a manufacturing environment, business owners often show concern and tell me they cannot afford to go too fast and impact quality. When I explain that I’m not suggesting increasing … More

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Can Your Suppliers Help Your Cash Flow? Yes! Will They? Maybe! – Part Two

As part two on this topic, the example continues with a business buying materials with costs of $100,000 per month. Part one covered the opportunity around inventory levels and ownership. Now we turn to two other topics: Negotiation and Payment Terms As a newer organization I recommend staying with a … More

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Can Your Suppliers Help Your Cash Flow? Yes! Will They? Maybe! – Part One

Many entrepreneurs start their businesses with an idea and a spirit of adventure that should be admired and cared for. Yet for many, the process of acquiring cash for future growth is a daunting exercise, and frequently they turn to either a bank or an independent investor for help. Both … More

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Is Continuous Improvement Better than Postponed Perfection?

I wrote on this topic about a year ago (previous blog). and have had many questions about my views on making improvements now and not waiting for the absolute best solution. My statement is normally “you will never reach the absolute best, just a good one for now”.  This usually … More

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