Lean Six Sigma Bursts

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

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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
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    Lean Six Sigma BurstsBy Brion Hurley
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