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WIP is Cash: How Lean processes can benefit firm cash flow |
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By
Dustin Hostetler, Lean Six Sigma Master Black Belt
Apr 27, 2010 |
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Picture a traditional manufacturing process. What do you see? Work started well before it's needed? Items being produced in large batches? A bunch of work in process (WIP) sitting around waiting to be finished? While those are all common scenes in manufacturing facilities, I don't see inventory or WIP. What I see is a bunch of cash sitting around on shelves. And this cash is sitting around in accounting firms, too. |
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