LBS Methodologies
We draw on many schools of thought for helping you best manage your planning, cash flow and business. Based on your needs, we can use various proven methodologies to improve your efficiency and profitability— sometimes simple, sometimes more sophisticated, but always practical. The pieces of the puzzle we use will be designed to fit your business, and include…
Planning Sound Financial Management
When it comes to your financial management, accounting processes and controls, the fundamentals don’t change — and our goal is straightforward: We determine the most effective systems, and degree of process and control necessary, so you don’t have to lose sleep at night.
Based on sound, generally-accepted accounting principles and best practices, we ensure the information going in and coming out of your system is accurate. Reliable. In real-time. And with effective controls at key junctures, you’ll have the transparency you need to spend more time, more effectively, focusing on managing your business.
And remember, IT is an accelerator, not a solution — which is why we begin with a pad of paper to sketch out a plan. By the time we implement an IT solution, with any needed customization, you can be assured that it meets your needs.
Supply Chain Management
As Supply Chain Management consultants, our work encompasses the planning and management of all activities involved in sourcing, procurement, conversion, and logistics management activities. It also includes the crucial components of coordination and collaboration with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers. In essence, Supply Chain Management integrates supply and demand management within and across companies.
Theory of Constraints
Theory Of Constraints (TOC) focuses on system improvement. A system is defined as a series of interdependent processes. An analogy for a system is the chain: a group of interdependent links working together toward the overall goal. The constraint is a weak link. The performance of the entire chain is limited by the strength of the weakest link. In manufacturing processes, TOC is the process improvement system which concentrates on the component or method which slows the speed of product through the system.
Throughput Accounting
Throughput Accounting is a management accounting technique used in manufacturing as a performance measure working within the Theory of Constraints (TOC). It is the business intelligence used for maximizing profits, in your production process, helping to maximize output, and measured by machine hour. When you run your machines at capacity, or close to it, you maximize your productivity and margins.
Lean Manufacturing
Lean Manufacturing is a package of manufacturing management philosophy, methodologies, and tools to systematically identify and minimize or eliminate waste that is created due to non-value added activities. It addition to its own tools, Lean Manufacturing also encompasses other proven techniques, such as Just-In-Time. Although the term “Lean Manufacturing” alludes to manufacturing enterprises, it can also be applied to other enterprises such as Distribution and Service.
Whether you need simple improvements or quantum leaps in your financial management or operational procedures, in Atlanta, anywhere in the United states or abroad, Litzman Business Solutions can help you integrate and implement efficiency and profitability tools that will work for your business.
