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Weekly Furniture Management Tip # 142 - A Good Leader...

Furniture Industry News Update - Furniture World Magazine
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Article Summary: This week's "Good Leader" tips from Ray Morefield present seven ways retail leaders manage their time wisely.


by V. Ray Morefield, President
Common Goals, Inc


A GOOD LEADER FINDS MANY WAYS TO MANAGE TIME BY .....

  1. reducing the time from conception to completion of a prototype, a program or a custom product 
  2. reducing the time from endorsement of prototype to receipt of raw materials to produce marketable product or implementing concept 
  3. reducing the time from production scheduling to converting materials into work-in- progress or implementation of policy 
  4. reducing the time from work-in-progress to finished goods or properly training associates to master systems 
  5. reducing the time from selling to shipping or delivery 
  6. reducing the time from billing to collection of receivables 
  7. REDUCING THE TIME IN ALL AREAS OF THRU-PUT OR ORGANIZATIONAL OPERATIONS TO INCREASE CASH VELOCITY


These weekly “Monday Morning Management Tips” are jointly provided by both Common Goals, Inc and Furniture World.


About Ray Morefield: Ray Morefield has been affiliated with leading corporations in the furniture, housewares , hardware and coatings industries. He has also served in an advisory capacity through his company Common Goals, Inc. Comments about these weekly tips can be directed to Ray via (commongoals1@yahoo.com) or in care of editor@furninfo.com.

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