When you spend all that time and effort to improve your company’s performance through an improvement project, you’ll want to report on its contribution, right?
Not only is it crucial for proper strategy deployment and program management in the company, you’ll want to share your results with your manager and colleagues too! (or the success of the program and teams you coached to their results)
Get the Savings Calculation courseSo why take a course on this topic?Â
Improvement projects should affect a specific operational loss or efficiency indicator - these are almost never directly expressed in monetary terms, but rather in percentage of waste, equipment effectiveness, output volume, man hours per ton of product, etc. In this course, we’ll go over the translation of those operational performance indicators into monetary terms: how did your OEE project affect the company’s bottom line?
Know your value
If you're doing or planning a project, you'd want to know what the financial benefit is. It's not just motivational, it's crucial for prioritising your work and I'm sure your manager will want to know this before you start spending time.
It will also allow you to plan the needed projects to close the gap between your current performance and budget targets.
Show your value
Eliminating a specific defect is a great result, but not everybody will see the value - but what if you could clearly present the costs of the defect, calculate the material costs, show how much OEE and thus sales volume you're losing...Â
It may not always be fair, but every company will want to compare team on their contribution - with this course, all your colleagues (including the more financially inclined ones) will see your contribution too!
Increase your value
Maybe you don't have budget responsibility in your current role, but I can assure you that advancing your career requires you to be financially literate. After this course, you'll be able to have a real discussion with finance, management and corporate directors and let them know you're able to think about the bigger picture and ready to contribute to strategic discussions.
The A to Z, but only what matters
This course doesn't assume any prior knowledge on accounting, business administration or years of leadership. We'll go over the basics of how Operational Performance (what you're improving) links to Profit and Loss (the main financial statement of a business) and you'll get just enough know-how to understand what you need without overwhelming you with a full 'finance for non-financials' course.
My promise to you
I want you to enjoy this course and use it to your benefit. If for whatever reason you don't like the course, can't get benefit from it or it's just not the right time for you after all - let me know within a month after purchase and you'll get a full refund.
Jump in right now
So what are you waiting for? Boost your Continuous Improvement journey by adding this light financial, but very important, skill to your personal arsenal.
Get the Savings Calculation course