Combining Lean Six Sigma (LSS) with a thorough analysis of your Working Capital Situation can lead to a more objective selection of high impact projects. LSS may help to achieve reduction of Working Capital hidden in warehouses and processes through data-based root cause analysis. Working Capital meets Lean Six Sigma.…
Deliveries to the customer are often delayed due to lack of appropriate product mix. Meanwhile the factory floor looks like it could serve the same number of customers or more…
Collections represents the ‘end’ of a sales cycle. It also represents the firm’s ability to convert cash expended from when a customer order arrives through fulfillment and payment. For many…
How do we know if receivables are well managed to credit terms? Are we performing at our best? What if we are the best in industry according to external benchmarks?…
Supply chain strategies often take second or third place to operations in the growth and development phase of an organisation. One of the unintended (though sometimes strategically intentional) operational consequences…
Spending, apart from capital investments, tends to grow a little faster then organisations in most cases. Left unchecked firms face a ‘mid-life’ crisis where working capital is stretched to levels requiring borrowings incurring heavier and heavier finance costs. This is often bringing down the Procure to Pay cycle.…
A portion of collection activities often relegated to ‘customer service’ is that of actual dispute management, to turn customer to cash. Customers who need ‘correction’ on invoicing information, goods returned, quality claims, delivery issues get directed to a generic ‘customer service’ department.…
Credit lines drying up are common phenomena these days. Past credit performance, even with a great history, seems to have no impact on the decisions of banks to lubricate the…
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