Taking a Step Back

摘要

At this time last year, the impending recession was featured in the news on a daily basis. Many company leaders adopted a "triage" approach to the situation by focusing on cash-to-cash cycle time-how long the company or supply chain takes to recover the expenses incurred when buying material, paying labor costs, or otherwise incurring overhead.rnAs the recession became unavoidable, all energies were focused on survival. Operations management professionals played an important role by slowing production and reducing inventories. This was an essential first step in the recovery.