Cash-to-cash cycle time (also known as cash-conversion cycle or order-to-pay cycle) measures the days between (1) the purchase of materials/inventory from a supplier and (2) payment collection for sale of the resulting product(s). A company’s operating capital generates no value if it is tied up in inventory, making cash-to-cash cycle time a critical analytic for finance.

We need 4 things to become a data-driven culture.

1. A data-driven culture needs data. Makes sense, right?

2. We need the tools by which we can analyze our data.

3. We need the skill sets to be able to use the tools to analyze our data.

4. We need a mindset shift to get people thinking about and using data for practical decision-making.