Cash to Cash Cycle Time

What is Cash to Cash Cycle? Cash to cash cycle time is the time lapse between payment to suppliers and getting payment from the customers. Every business exists to provide a tangible or intangible product to the people in need and make money out of those provisions in the form of profit. A company has to invest money in the business. There are 2 types of investments - Asset Capital and Working Capital. When a company spends money on creating...

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What is Muda?

Muda Muda is a Japanese word meaning Waste. So, any activity that consumes time and effort and fails to produce the desired outcome is termed as Waste. In a production plant, people transport materials from one place to another for storage of for next processing. The activity of transporting consumes their time and effort. But the material does not get any value addition because of the mere transportation. Hence, transportation is termed as waste. Origin Muda is one of the fundamental...

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Systematic Problem-Solving

CSense Systematic Problem Solving

Systematic Problem-Solving What is Problem-solving? A Problem When there is a gap between our expectations and reality, we feel unhappy – which is a “Problem”. This is how a deviation from the specification, a failure to meet timelines, etc., become our problems. A problem could be defined as “the gap between our expectations and actual state or observation”. From the gap analogy, we also understand that as the gap increases, our suffering gets intensified. Problem-solving A fundamental part of every...

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