Proving Continuous Improvement with Profit Ability

Russ Jones

• Publisher: ASQ Quality Press
• Year: 2008
• Print ISBN:
  9780873897426
• eBook ISBN:
  9781636940724
• Topic: Business
• Subtopic: Management
• Index: Business

The goal of this book is to demonstrate to manufacturing, distributor, and service businesses that there are only seven critical business elements from which continuous improvement projects can be discovered, financially evaluated, and ranked before implementation. They are: Increase sales by increasing the percent of market coverage. Reduce expenses by reducing the percent of labor and non-labor expenses per sales dollar. Reduce lead times to reduce work-in-process inventory investment. Reduce setup costs to minimize product and component inventory investment. Maximize capital asset utilization percent. Minimize asset investment for invoice payment by controlling the collection period within the contracted time period. Maximize employee knowledge worker utilization by empowering them with financial and practical training related to these seven business elements. The information is uniquely organized so it can serve as a frequent reminder for both the experienced and inexperienced of the few principles and financially-based formulas that must be built into company culture if both customers and stockholders are to be satisfied. Project teams are shown how to discover and financially evaluate and rank a vast number of continuous improvement projects.

Table of contents

• Cover
• Title page
• CIP data
• Table of Contents
• Note to the Reader
• Acronym List
• Chapter 1 Double Your Return on Assets Percent
• Chapter 2 The Seven Critical Business Elements
• Chapter 3 Seven Project Groups for Project Teams
• Chapter 4 Seven Project Groups You Can Start Today
• Chapter 5 Project Evaluation and Project Goal Setting
• Chapter 6 Empowering Employee Teams
• Chapter 7 More About Project Evaluation and Ranking
• Chapter 8 Projects to Reduce Total Expense per Sales Dollar
• Chapter 9 Projects to Reduce Lead Time and Inventory
• 10 Projects to Reduce Setup Cost and Inventory
• Chapter 11 Rationalizing a Material Control System
• Chapter 12 Linking Continuous Improvement with ISO 9000
• Chapter 13 Projects to Increase Market Share
• Chapter 14 Plotting Your Economic Business Cycle
• Chapter 15 Continuous Improvement versus Creativity
• Chapter 16 Seven Sources of Entrepreneurial Innovation
• Bibliography
• Index