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...
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...
What is Cycle Time? Cycle Time is the time required by an operation or by a machine to complete the processing of one component. How to calculate Cycle Time? Start your stopwatch when a completed component comes out of a machine (or a person completes working on a component). Stop your timer when the next (consecutive) piece comes out of the machine (or a person completes working on the next component) Repeat this for 5 or more times and calculate...
CSense SME Lean Case Study Can ERP bring down inventory? The Company When we visited the company first time, we were surprised to see an SME version of advanced ERP in that company. When we had our Gemba walk, we understood the pain and the trigger point for the decision to invest such a huge amount for ERP. Can ERP alone bring down the inventory levels? Let us discuss in this SME Lean Case Study. They are one of the...
CSense SME Consulting Case Study Will Technology Solve your Problems? Ever increasing Labour Cost Slowly it was dawning on them that to be successful tomorrow, you need to wake up today - that too as an SME you need to wake up early. That is a small company run by two brothers. They design, manufacture the furniture and equipment used in hospitals and laboratories. The business has never been phenomenal but it kept 'running'. With more than a decade in...
Poka-yoke One day program What is Poka-Yoke? Poka-Yoke is a Japanese term meaning Mistake-proofing. Developed by Shigeo Shingo at Toyota Motors in Japan. This protects the process from the mistakes. The concept is to prevent mistake becoming defects and reaching customers - by building detection mechanisms within the processes. Need for Poka-Yoke In today’s world Quality is the only distinction between existence and extinction of a business. The Product Quality is no longer an advantage. Customers expect the highest quality, always...
KAIZEN WORKSHOP Culture Building Engagement The Philosophy Kaizen – meaning change towards betterment, in essence, gradual improvement. The belief is that major improvements are possible through small and incremental changes. Unlike other improvement-events, these workshops are known for small and gradual changes leading to breakthrough results. The Culture Developing an organisational culture based on 3 principles, viz., Process Approach: What is happening (effect) is the outcome of processes (cause), System Thinking: Seeing the bigger picture and understanding everything as part of a...
Lean BPR Workshop Lean BPR Workshop is designed to cater the needs of Leaders, Managers and Decision Makers of Service Sector companies. This creative methodology enables participants to think beyond current constraints and encourages innovation and disruption among the organisation. What is BPR? Business Process Reengineering is the radical redesign of core processes to achieve dramatic improvements in productivity and associated cost of the process. Lean BPR is the methodology, CSense adapts to compensate shortcomings of the traditional approach of...