Lean Initiatives: Operational Efficiency ...

Emerson Reports Second-Quarter 2005 Sales Up 10 Percent to $4.2 Billion; Earnings Per Share of $0.83

... "We continue to focus sharply on operational efficiency and lean manufacturing initiatives, with the average days-in-the-cash-cycle improving to 74 days in the quarter from 79 days in the prior-year period. We remain committed to the full-year targets of $2.1 billion of operating cash flow and $1.6 billion of free cash flow, which includes $0.5 billion of capital expenditures. " ...