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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