Publisher's Synopsis
This book is written for anyone involved with manufacturing. Explaining the disconnect between profit and cash flow it gives action steps for taking control of your cash flow. This book explains the reason why most Lean initiatives fail (it's not lack of support from upper management!) and shows you how to ensure that your Lean initiative succeed. It explains how to implement Business Process Management on the shop floor. Providing enough information on Theory of Constraints to start a TOC implementation you'll be able to identify bottleneck/constraints, exploit your constraints, and increase throughput. You'll get an overview of the most common Financial and Activity ratios used in the manufacturing industries, and how to use them to spot areas of concern. As well you'll receive a breakdown of COGS to show exactly how and where costs get trapped in inventory, and what to do about it. Then you'll learn how to implement a cash management strategy.
