Everand Logo

Welcome to Everand!

  • Discover this podcast and so much more

    Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

    E28: Don't combine financial data together, separate into these 3 buckets

    E28: Don't combine financial data together, separate into these 3 buckets

    FromLean Six Sigma Bursts

    Start listeningView podcast show

    E28: Don't combine financial data together, separate into these 3 buckets

    FromLean Six Sigma Bursts

    ratings:
    Length:
    8 minutes
    Released:
    Mar 17, 2021
    Format:
    Podcast episode

    Description

    When making improvements to a process, cost savings and avoidance is a common outcome that is estimated and reported. A common error is to combine the data together into one overall number, but they should be separated into three distinct buckets of money: Income Statement, Cash Flow and Growth. 
    Links

    Article: Client saved $800,000 in 3 Days
    E2: What is the difference between hard and soft financial savings?
    BIZ-PI.com
    LeanSixSigmaDefinition.com
    Creative Safety Supply


    ---

    Send in a voice message: https://podcasters.spotify.com/pod/show/leansixsigmabursts/message
    Released:
    Mar 17, 2021
    Format:
    Podcast episode

    Titles in the series (100)

    Brion Hurley from Business Performance Improvement shares his takes and thoughts on a variety of topics related to process improvement (specifically Lean and Six Sigma methods), Bursts are rapid improvement activities, so this sounded like a good word to use for these short audio clips. We'll try to keep them under 10 minutes each. Have a question? Use the anchor app to leave us a voice message, and we might pick your question for our next episode!