Articles producció científica> Gestió d'Empreses

Six Sigma for improving cash flow deficit: a case study in the food can manufacturing industry

  • Identification data

    Identifier: imarina:6311231
    Authors:
    Sanchez-Rebull, Maria-VictoriaFerrer-Rullan, RamonHernandez-Lara, Ana-BeatrizNinerola, Angels
    Abstract:
    © 2020, Maria-Victòria Sánchez-Rebull, Ramon Ferrer-Rullan, Ana-Beatriz Hernández-Lara and Angels Niñerola. Purpose: Cash flow deficit situations and working capital control are major challenges for many companies, especially those whose suppliers and clients have strong bargaining power. This study aims to describe the application of the Six Sigma methodology for solving these problems in a large German food can manufacturing company. Design/methodology/approach: This paper follows the qualitative methodology of case study research. During different define, measure, analyse, improve and control process phases, the problem and critical aspects are identified to improve the quality of the payment process and improvements are suggested and implemented. Findings: The results provide evidence of how Six Sigma can be useful in administrative–financial processes that are carried out within a company. This result is particularly interesting because it is about processes that have not applied Six Sigma methodology. For the company studied, this methodology has balanced its cash flow and this meant large amounts of savings, especially in bank interest to avoid having to ask for bank credits. Originality/value: This case can be extrapolated to other companies, regardless of the company size, that present similar symptoms of cash deficit, especially if their bargaining power with suppliers and customers is low.
  • Others:

    Author, as appears in the article.: Sanchez-Rebull, Maria-Victoria; Ferrer-Rullan, Ramon; Hernandez-Lara, Ana-Beatriz; Ninerola, Angels
    Department: Gestió d'Empreses
    URV's Author/s: Hernandez Lara, Ana Beatriz / Niñerola Monserrat, Angels / Sánchez Rebull, María Victoria
    Keywords: Volatility Six-sigma Six sigma Quality Process improvement Methodology Investment Improvement Implementation Construction Cash flow deficit Capital structure Can industry Accounts payable 6-sigma
    Abstract: © 2020, Maria-Victòria Sánchez-Rebull, Ramon Ferrer-Rullan, Ana-Beatriz Hernández-Lara and Angels Niñerola. Purpose: Cash flow deficit situations and working capital control are major challenges for many companies, especially those whose suppliers and clients have strong bargaining power. This study aims to describe the application of the Six Sigma methodology for solving these problems in a large German food can manufacturing company. Design/methodology/approach: This paper follows the qualitative methodology of case study research. During different define, measure, analyse, improve and control process phases, the problem and critical aspects are identified to improve the quality of the payment process and improvements are suggested and implemented. Findings: The results provide evidence of how Six Sigma can be useful in administrative–financial processes that are carried out within a company. This result is particularly interesting because it is about processes that have not applied Six Sigma methodology. For the company studied, this methodology has balanced its cash flow and this meant large amounts of savings, especially in bank interest to avoid having to ask for bank credits. Originality/value: This case can be extrapolated to other companies, regardless of the company size, that present similar symptoms of cash deficit, especially if their bargaining power with suppliers and customers is low.
    Thematic Areas: Strategy and management Planejamento urbano e regional / demografia Management science and operations research Management Industrial and manufacturing engineering Engineering, industrial Engenharias iii Engenharias i Ciencias sociales Administração, ciências contábeis e turismo Administração pública e de empresas, ciências contábeis e turismo
    licence for use: https://creativecommons.org/licenses/by/3.0/es/
    ISSN: 20404166
    Author's mail: angels.ninerola@urv.cat mariavictoria.sanchez@urv.cat mariavictoria.sanchez@urv.cat anabeatriz.hernandez@urv.cat
    Author identifier: 0000-0001-5598-1203 0000-0003-0326-5699 0000-0002-9920-4104 0000-0003-0326-5699 0000-0002-9920-4104 0000-0002-8110-9328
    Record's date: 2024-08-24
    Papper version: info:eu-repo/semantics/publishedVersion
    Link to the original source: https://www.emerald.com/insight/content/doi/10.1108/IJLSS-12-2018-0137/full/html
    Licence document URL: https://repositori.urv.cat/ca/proteccio-de-dades/
    Papper original source: International Journal Of Lean Six Sigma. 11 (6): 1119-1140
    APA: Sanchez-Rebull, Maria-Victoria; Ferrer-Rullan, Ramon; Hernandez-Lara, Ana-Beatriz; Ninerola, Angels (2020). Six Sigma for improving cash flow deficit: a case study in the food can manufacturing industry. International Journal Of Lean Six Sigma, 11(6), 1119-1140. DOI: 10.1108/IJLSS-12-2018-0137
    Article's DOI: 10.1108/IJLSS-12-2018-0137
    Entity: Universitat Rovira i Virgili
    Journal publication year: 2020
    Publication Type: Journal Publications
  • Keywords:

    Engineering, Industrial,Industrial and Manufacturing Engineering,Management,Management Science and Operations Research,Strategy and Management
    Volatility
    Six-sigma
    Six sigma
    Quality
    Process improvement
    Methodology
    Investment
    Improvement
    Implementation
    Construction
    Cash flow deficit
    Capital structure
    Can industry
    Accounts payable
    6-sigma
    Strategy and management
    Planejamento urbano e regional / demografia
    Management science and operations research
    Management
    Industrial and manufacturing engineering
    Engineering, industrial
    Engenharias iii
    Engenharias i
    Ciencias sociales
    Administração, ciências contábeis e turismo
    Administração pública e de empresas, ciências contábeis e turismo
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