https://www.lean.org/the-lean-post/articles/ask-art-why-should-i-focus-on-my-balance-sheet-to-grow-earnings/ Lean Production | Lean Manufacturing | LEI | Lean Services Sat, 14 Jan 2023 11:58:15 +0000 hourly 1 https://wordpress.org/?v=6.4.3 https://www.lean.org/the-lean-post/articles/ask-art-why-should-i-focus-on-my-balance-sheet-to-grow-earnings/#comment-65472 Sat, 14 Jan 2023 11:58:15 +0000 https://www.lean.org/?p=23520#comment-65472 Thank you for sharing your wisdom, Art! From a Lean perspective, curious what would be the best way to focus specifically on the balance sheet in the service based industry? Example: As an auto collision shop owner, we have lower levels of cash tied up in inventory. We currently do pre-order some parts for incoming repairs, due to supply chain issues and have an inventory of paint/supplies. There of course will be cash tied up with parts/labor for the work in process jobs too, but seems dissimilar to manufacturing. SMED, also doesn’t seem applicable.

]]> https://www.lean.org/the-lean-post/articles/ask-art-why-should-i-focus-on-my-balance-sheet-to-grow-earnings/#comment-60359 Wed, 28 Dec 2022 12:33:00 +0000 https://www.lean.org/?p=23520#comment-60359 I wish Art would focus on this most important topic of financial justification of operational improvements ….. and stay the h**l away from describing how those gains ought to be accomplished. Leave that to us Industrial Engineers please. Next would you write an article on how to justify a robotic work cell please?

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