Cycle Time Management Inc. was co-founded by William (Bill) Neeve in 1986, after a number of years in the development stage.
Initially, CTM was primarily an educational organization doing a great deal of "missionary" work in the field of business cycle time - a powerful productivity improvement concept that, in 1986, was ahead of its time.
CTM recognized the need to develop a methodology aimed at the largest cost reduction opportunity in any company - cycle time. The goal was to reduce the total business cycle time in the Five Cycle Time Loops within a company:
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Strategic Planning Loop
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New Product Introduction Loop
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Make/Ship Loop
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Supply Management Loop
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Distribution Loop
In this way, businesses can drive overall costs down while increasing levels of quality,customer service and employee empowerment.
Throughout the 1990’s, companies have applied new technologies and techniques, but too often in islands of isolation. The results have been spotty at best. A key in the CTM process is the decentralization of the process and the involvement and
empowerment of employees throughout the organization. Their capability to identify, assess and change the way work is done, is at the very core of reducing cycle time. It is the essence of the CTM Process.
In order to compete, and in many cases survive, companies today must develop time-based strategies - giving customers what they want, when they want it, while maintaining better quality, lower costs and having more working capital to fund growth.However, the problem is in the "How to" do it. The CTM 12 Step Process is the methodology for providing the "how to".
The principals of CTM recognized that first they had to change traditional thinking and operational practises before they could successfully implement a comprehensive cycle time process into a company; therefore, they spearheaded a major educational effort. By 1988, they were able to go beyond education and begin to facilitate their CTM concept into companies.
Subsequently, the CTM Process has been undertaken in major organizations in both Canada and the United States, and the results have been tremendous.
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CTM’s clients have experienced tangible, quantifiable results far beyond their expectations: |
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Inventories have been reduced by more than 70%; |
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Working capital as a percent of sales reduced by 55%; |
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Product warranty costs reduced by over 40%; |
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White collar productivity increased by 60%; |
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Cycle time from order entry to shipped reduced by 60%. |
CTM is a leader in its field and the Company’s unique CTM 12 Step Process for implementation is perhaps the most important, strategic management tool.