Seat-of-the-Pants Management Alternative --Dickeson

Adding it up

You say that Job C was in process for 98 hours—a little over four days. After it was finished and shipped, it took 480 hours to get the invoice out—about 20 days. Not likely, you say. Really? Ever

happen in your shop? Then it took 1,368 hours to collect the receivable for Job C—57 days. All in all, Job C was in the plant, in one form or another, 3,398 hours—141.6 days. Sheesh! That's a turnover of 2.6 times in a 365-day year. I'm definitely not happy with that result. Are you? Do you really care?