Operational Profitability
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Operational Profitability
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Author : Robert M. Torok
language : en
Publisher: John Wiley & Sons
Release Date : 2002-10-15
Operational Profitability written by Robert M. Torok and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-10-15 with Business & Economics categories.
Add value to services and increase revenue while giving your clients more of what they need Operational Profitability, Second Edition explains in complete detail how to conduct a management audit that will give clients the essential information they need in today's fiercely competitive marketplace. At the same time, it enables CPA firms and CEOs to expand their range of services, strengthen business relationships, and increase profits. This newly updated and revised Second Edition walks you through all the steps of a management audit and explains: The basic techniques of the management audit, what it involves, how to set it up, and how to establish a clear set of organizational goals How to rethink and rebuild an organization from the bottom up How to use a full range of analytical tools for identifying problem areas throughout the company How to assess the way a firm manages inventory, purchasing, production planning, and operations How to evaluate and reduce operating costs Praise for the First Edition of Operational Profitability... "A great operating manual for general managers and vice presidents . . . A complete how-to program." —William Hoban, CEO, Green Bay Drop Forge, Green Bay, Wisconsin "The most complete profitability program I've seen. The examples and checklists are excellent. It has saved my clients millions." —Chuck Wadowski, CEO, TMQ Consultants, Detroit, Michigan "[An] outstanding reference source for the modern manager; very impressive." —Arnold Bradburd, CEO, Interstate Steel Company, Philadelphia, Pennsylvania "[Operational Profitability] provides valuable data on operational efficiency and additional service opportunity beyond the usual audit . . . [It] provides the basis of helpful recommendations [and] provides much useful reading guidance for the performance of a management audit." —Alexander A. H. Bohtling, CPA, CPA Journal
The Unified Theory Of Profitability
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Author : Andrew Miller
language : en
Publisher: Business Expert Press
Release Date : 2016-08-11
The Unified Theory Of Profitability written by Andrew Miller and has been published by Business Expert Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-08-11 with Business & Economics categories.
When we discuss accelerating top line growth and maximizing profitability, we often consider hiring more people, cutting expenses, or raising prices. What we should be doing is looking at different ways to effectively utilize what we already have. Rather than hiring new people, we need to improve the performance of our current employees. As an alternative to cutting costs, we need better invest the money we already spend. Instead of raising prices, identify ideal customers to market and sell to. This book will discuss strategies on how to do all of these things and more. The author provides 25 ways to accelerate revenue growth and increase profitability immediately, without making any new financial investments. That is the Unified Theory of Profitability. It means looking at the organization and finding ways to better leverage what already exists and focusing on the activities or changes that will provide optimal results. Readers will become experts on executing on these strategies. It can be done! Find the solutions that work, commit to implementing them and results will flourish.
Optimizing Back Office Operations
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Author : Zahid Khalid
language : en
Publisher: John Wiley & Sons
Release Date : 2010-01-28
Optimizing Back Office Operations written by Zahid Khalid and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-01-28 with Business & Economics categories.
According to industry experts, a typical one billion dollar company spends approximately $27 million on unnecessary working capital and inefficient processing functions because they lack visibility into the financial supply chain. Optimizing Back Office Operations: Best Practices to Maximize Profitability uses examples and case studies to show how cost optimization—and not cost reduction—in the core back office operations is the right approach to maximizing profitability and enterprise value. Implementation guidance is provided for Executives, CFOs, and Controllers on transitioning from outdated processes to a fully-optimized financial supply chain.
Speed Based Target Profit
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Author : Alin Posteucă
language : en
Publisher: CRC Press
Release Date : 2020-11-19
Speed Based Target Profit written by Alin Posteucă and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-11-19 with Business & Economics categories.
Profitable production planning is and will remain an eternal challenge to ensuring the prosperity and dignity of companies in a global market. Even though there are different approaches to achieving the target profitability through productivity in the production planning stage, these approaches do not guarantee consistent planning, creation, and sustenance of synchronous profitable operations for multiannual and annual target profit. In feedback to this predicament, Alin Posteucă develops a new system called speed-based target profit (SBTP). SBTP is the profitable production management and manufacturing improvement system that approaches production planning to achieve unit speed of target profit for target products through manufacturing cost improvement and bottleneck profitability control for maximum takt time. Managers and practitioners within manufacturing companies will discover a practical approach for cost down and cash up by applying a powerful operational profitable production planning formula to meet profitability expectations through productivity based on strong leadership with the help of a specific system for feedforward, concurrent, and feedback control. Therefore, the SBTP system in this book presents a holistic approach to profitability for target products and the development of its own mechanism since the acceptance of each order from customers to achieve continuous synchronization of all manufacturing processes to market requirements, profitability management, and profitable production planning. The uniqueness of the book is reinforced by a detailed presentation of the successful application of the SBTP system in two case studies, as a way of life and a unit speed of target profit improvement ethos at all hierarchical levels, in two multinational manufacturing companies operating in highly competitive markets in order to address the synchronous profitable operations for both the sales increase scenario and the sales decrease scenario. By adopting the SBTP system, your company will be able to consistently achieve unit speed of target profit in the bottleneck process for fulfilling annual and multiannual target profit as a unique and effective way through a new profitable production planning paradigm that operates according to its own production system.
Operational Profitability
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Author : Robert M. Torok
language : en
Publisher:
Release Date : 1997-02-04
Operational Profitability written by Robert M. Torok and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-02-04 with Business & Economics categories.
Operational Profitability offers CPA firms a unique opportunity to provide valuable new client services, add substantial value to current services, and greatly expand their own revenue base and earnings potential through the use of management audits. A management audit is an in-depth review of the individual parts of a business and how they function and interrelate to produce overall results. Properly executed, the management audit provides the best overview available of how a business works as a single entity. It may also be used to evaluate specific functions within the organization to determine their performance efficiency. The management audit takes into account the unique characteristics of each company, adjusts its standard of measurement accordingly, and reflects the specific nature of its corporate culture. In today's hypercompetitive business environment, the management audit could mean the difference between business success and failure. This manual helps CPAs and their clients understand and regulate the health of businesses by systematically identifying areas that affect profitability most and by offering experience-based solutions for improving efficiency in these areas. Operational Profitability: Demonstrates how a thorough and professional management audit gives clients the information they need to remain competitive, increase efficiency, and improve profitability in every area of business Provides step-by-step guidance on setting up a management audit, establishing standards for effectiveness, and defining goals and expectations Supplies analytical tools for evaluating client operations—financial ratio analysis, the seven causal ratios, the nine secondary ratios that measure effect, cash flow and break-even analysis, capacity analysis, downtime analysis, and more Explains how to develop carefully targeted action plans that help clients make needed improvements—including numerous methods for reducing operating costs throughout the company. For CPA firms with clients in manufacturing and distribution, Operational Profitability provides a blueprint for services that benefit clients, increase firm revenues, and strengthen firm-client relationships. About the authors Add value to services and increase revenue while giving your clients more of what they need Operational Profitability explains in complete detail how to conduct a management audit that will give clients the essential information they need in today's fiercely competitive marketplace. At the same time, it enables CPA firms to expand their range of services, strengthen business relationships, and increase profits. Operational Profitability walks you through all the steps of a management audit that will help your clients identify and improve those areas of their businesses that most affect profitability. It explains The basic techniques of the management audit, what it involves, how to set it up, and how to establish a clear set of organizational goals How to rethink and rebuild an organization from the bottom up How to use a full range of analytical tools for identifying problem areas throughout the company How to assess the way a firm manages inventory, purchasing, production planning, and operations How to evaluate and reduce operating costs.
Profit Mapping A Tool For Aligning Operations With Future Profit And Performance
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Author : Anil Menawat
language : en
Publisher: McGraw Hill Professional
Release Date : 2006-07-07
Profit Mapping A Tool For Aligning Operations With Future Profit And Performance written by Anil Menawat and has been published by McGraw Hill Professional this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-07-07 with Business & Economics categories.
A wise manager knows that success only comes with operational excellence that is properly aligned with strategy. The challenge is knowing what actions to take and when to take them-navigating without knowing the impact of your actions on the bottom line is a risk you can't afford to take. Profit Mapping delivers a forward-looking management decision tool that allows you to proactively navigate business strategy and execution. The authors' exclusive ProFITMAP method is a navigation system for operations that has been used successfully with leading businesses such as Ford Motor Company and General Motors. It enables you to test the impact of any number of factors on operational execution-from product demand and mix changes to process and technology changes to resource limitations-prior to taking any action. ProFIT-MAP helps you make informed process and product decisions and reach your operational and product objectives by answering the following questions: Can it be done? Is it possible? If not, then what additional capabilities are needed? Will it be profitable? What is the impact of my particular decision across the product mix and the functional capabilities of the organization? How do I get to the desired future (the roadmap)? With ProFIT-MAP, you'll gain the ability to change strategic direction with agility in response to changing market dynamics. ProFIT-MAP also allows you to enhance your existing approaches (including Six Sigma, Lean Operations, and Balanced Scorecard) by providing insight into which actions will be effective. Instructive strategic, tactical, and operational case studies illustrate its practical implementation. Applicable to more than 30 unique operational areas and usable from the front lines to the executive suite, Profit Mapping enables you to control your operational destiny and deliver on your strategic goals.
Journey To Profitability
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Author : Igor Pistelak
language : en
Publisher:
Release Date : 2017-10-24
Journey To Profitability written by Igor Pistelak and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-24 with categories.
Why do some businesses fail while others succeed and grow at an exponential rate?Success is never solely down to creative ideas or unique products or services. The difference between success and failure is actually down to the fundamentals of how you operationalize your business, and getting the fundamentals right is vital to building a business that lasts.Journey to Profitability offers you a simple and accessible guide to the best operational practices, based on a proven approach in a form of multimedia book and a platform to run your business with. Filled in with many examples and practical exercises the book walks you through the importance of organizing and planning so that everyone is aligned, aware and accountable for the growth of the company. Only when you get these basics right will your company be able to perform.Are you ready to take the luck and guesswork out of running your business and set yourself up for success? Yes?Read on...
Operations Now
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Author : Byron J. Finch
language : en
Publisher: Irwin Professional Pub
Release Date : 2006
Operations Now written by Byron J. Finch and has been published by Irwin Professional Pub this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.
There is no better book than Operations Now: Profitability, Processes, Performance to motivate your students to learn about operations management and how and why it is critical to success in business. The Second Edition retains its cutting-edge content and unique Resource/Profit Model, a conceptual framework that places operations management in a context of business financial performance.Through the use of a framework that serves as an organizing model for the text and as an Internet portal to state-of-the-art learning resources, including interactive models, business tours, spreadsheet tutors, and other hands-on experiences, Operations Now is unmatched at meeting the learning needs of virtually any student. By using the text to do what it can do best, and by using the Internet to do what it can do best, Operations Now enables students to learn operations management concepts and techniques in the context in which they exist in the real world.
Operations Now
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Author : Byron J. Finch
language : en
Publisher: McGraw-Hill
Release Date : 2008
Operations Now written by Byron J. Finch and has been published by McGraw-Hill this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Production management categories.
Redefining Operational Excellence
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Author : Andrew Miller
language : en
Publisher: AMACOM
Release Date : 2014-06-11
Redefining Operational Excellence written by Andrew Miller and has been published by AMACOM this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-11 with Business & Economics categories.
Discover new strategies for maximizing performance and profit across your organization through the concept of operational excellence. Companies must learn that you cannot fire and budget-slice your way to sustainable growth. Our world is too complex, too interconnected, and technology too quick-evolving for organizations to achieve dramatic results simply by eliminating waste and increasing standardization. Maybe these methods worked before--occasionally--but not anymore. Redefining Operational Excellence boldly claims that the old ways of hunkering down and refocusing the business strategies are no longer viable. Operational excellence is about a mindset, and a company culture that questions current models and focuses not on slashing and subtracting but on adding value, making improvements, and increasing speed. This groundbreaking guide covers it all--processes, people, and operations--and shares specific strategies to: Drive innovation and collaboration Engage customers Attract and retain top people Align strategy and execution Optimize speed Operational excellence is about finding money and performance boosts in hidden areas businesses don't normally look. With this indispensable, all-encompassing resource, you’ll discover where!