An important objective of this book is to help define and identify the cash impact of improvement projects. Many attempt to use accounting tools and metrics to represent the cost of the project and the improvement benefit. This will not suffice. We need an approach that focuses on understanding and modeling cash dynamics and the factors that influence the flow of cash. Only by modeling cash effectively can we understand and manage the impact we have on cash with our improvement projects.
Before diving into the process of turning improvements into cash, we need critical context for thinking about and modeling cash. Practically everything in the methodology presented in this book revolves around one key ...
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