How to Calculate Soft Savings

Being able to iden­ti­fy, mea­sure, and val­i­date the sav­ings from con­tin­u­ous improve­ment activ­i­ties is a cru­cial lead­er­ship skill. One fact that makes this chal­leng­ing is that improve­ments often result in a mix of hard sav­ings and soft sav­ings. Learn the dif­fer­ence between hard and soft sav­ings, exam­ples of how to cal­cu­late var­i­ous soft sav­ings to val­i­date improve­ment activ­i­ties, and why this is impor­tant for sus­tain­ing con­tin­u­ous improvement.