Tag - Issue Management Planning

Learn what areas to cover, for your specific industry, in your issue management planning. No matter what industry you are working in, you will have to plan for issues that arise. For example, if you are a project based business, measuring and monitoring your Accounts Receivable is crucial for cash flow. Also, the crucial area for wholesale, retail and manufacturing businesses is inventory. Add this to your issue management planning. Here, you will learn about the Theory of Constraints and the effect it has on your inventory. In addition, how to monitor inventory performance; the best products to stock and work in progress. An area to consider in all industries is waste.

Work Smarter, Not Harder

Business Owners are Busy People! So we developed a routine for getting more done faster using the "work smarter, not harder" mantra.  This is our rapid introduction to what to do and how to do it to get you working smarter straight away.  Sections link off to more advanced discussions as you...

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How to Boost Your Accounts Receivable

Accounts Receivable: "The process of collecting money your customers owe you."  Failure to have this process working well leads to insufficient cashflow and is a major contributor to business failure.  Ignore it at your peril!  Yellow Belt 

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How to Manage Tough Times For Business

Is your business facing tough times?  Are you facing the choice to fix the problem or exit the marketplace? Let’s look at some alternatives here. Yellow belt.

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SM5.0 Theory of Constraint (TOC) Find Remove Bottleneck

The Theory of Constraints (TOC) is an important optimising technique that focuses on improving the throughput of work at the (usually) single bottleneck or constraint in the workflow.   This Skills Module draws together a number of the 12Faces articles on the subject.  One research project demonstrated that 89% of improvement...

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How to Plan for Manufacturing Industries

Manufacturing Manufacturing businesses typically import raw materials and convert them into products that are passed down the chain to later manufacture as parts or to wholesalers & retailers as fully finished products for sale to consumers. Learn how to plan for manufacturing industries. Despite the huge range of products they manufacture, they...

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Resources for Wholesale / Retail Industries

Wholesale/Retail Wholesale and Retail business focus on importing products from a number of manufacturers or downstream wholesalers in bulk.  They then repackage this into smaller quantities of a size that their customers want to purchase. They make their money from a markup on the price they pay for the product they...

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How to Manage a Stable Business

Much of what is written in the business literature is focused on growth businesses.  However, it is likely that the majority of smaller businesses are not focused on growth but are happy to sail along as they are.  This can be for various reasons; owners don't want the risk, the long...

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SM4.0 Business Efficiency: Waste Reduction Introduction

Eight Types of Waste The well-known Toyota car company identified seven types of waste that had an impact on Productivity and Profit.  An eighth has been added more recently.  By gradually reducing these wastes, you can improve the Productivity and Profit of your business.  In Japanese, this is referred to as reducing "muda" (pronounced Moo-da).  This article discusses how...

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