Change Management

Recently I met a friend who mentioned that he'd attended a three day 'Change Management' training at his office, which got me thinking for a while. I was wondering why would you need a three day training on Change Management? Personally I felt that 3 days was ridiculously high and it's a sad thing that professionals at senior levels still fall of gimmics like this.

Change Management is no big deal, I can teach Change Management in less than 10 minutes and that too in just 5 steps! Don't believe me? If you are interested in learning world class 'Change Management,' read on....

1. Gather all the change you have in one common place (see picture below).

Tip:
+ Check all the pockets of the shirts, trousers, jackets, suites you recently wore.

+ Check all the bags that you recently used.

+ Check all the draws in your house, check under the couch and / or bed.

2. Arrange the change in stacks by denomination (see picture below). This technique is currency independend and will work with all currencies.

Tip:

+ Arranging the stacks in ascending order based on their denominations makes it easier.

In the above pic, from left to right: 0.25 /- INR, 0.50 /- INR, 1/- INR, 2/- INR and 5/- INR

3. Get empty boxes and put each stack in one box (see pic below).

Tip:

+ The number of empty boxes should be equal to the number of stacks.

+ If more denominations are added to the collection, additional empty boxes should be used as per the above mentioned ratio.

4. Cover the box with the lid and label each box with the denomination of currency it contains. (See picture below).

Tip:

+ Use the standard / universal formats for labelling.

+ If the collection contains more than one type of currency, then a bigger box for each currency type can be used inside which the individual denomination boxes can be kept. 

+ It is advisable that both the box and the label is named so that interchanging of labels can be identified before it causes confusion.

5. Store the boxes in a place that is safe, easy to access and difficult to forget.

This completes the 5 step change management course. If you want to learn Advanced Change Management, read on....

This course will teach you some advanced techniques that will enable you to not only efficiently manage change but also keep track of and reconcile change on a regular basis. This can also help you maintain an automated inventory! We have brought together the best of affordable technology to accomplish this.

1. Attach sensors to each box (that contains change in different denominations) that can track, record and report the weight in kilograms of each box at all times.

2. This data can then be fed to a computer or a microprocessor chip attached to a digital display that will diplay the overall weight of each box at any given point of time.

3. Write a program in the computer or the microprocessor that will calculate the total number of coins in each box at any point of time. Caution: The weight in kilograms for a single coin per denomination must be fed into the program in order for the program to evaluate the number of coins.

4. Optionally additional programming can be done that will enable keeping repository of historical change data, change inventory, generate reports, etc.

You have now mastered the art of Change Management and Advanced Change Management. You don't need to thank me for enlightening you, I was just doing my duty!