Breakthrough Improvements

Breakthrough improvements are major changes in processes that yield business-altering results. Continuous improvement, on the other hand, is the relentless attack on waste that makes companies get better at a steady pace. A strong, improvement-oriented company will have both breakthrough improvements and a continuous improvement culture as part of its Read more…

Accounts Payable (A/P)

Accounts payable (AP) is an accounting term. It is the listings on a company’s financial statement of the obligations to pay off short term debt. This is most often in the form of bills for materials and services received and short-term loans. It also includes things like accrued payroll expenses Read more…