Real Time Profit Management
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Real Time Profit Management
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Author : Ernst & Young LLP
language : en
Publisher: Wiley
Release Date : 1995-11-17
Real Time Profit Management written by Ernst & Young LLP and has been published by Wiley this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-11-17 with Business & Economics categories.
ERNST & YOUNG, the most respected name in the field, presents a revolutionary approach to bottom line management. Real-Time Profit Management. Now you can achieve strategic and tactical management of the bottom line. Ernst & Young's bold, new step-by-step plan for measuring cost as it happens, in real time, makes it possible to measure profitability as never before—by product, by customer, by order. The result is increased efficiency which translates into higher profits. Developed by the country's top consulting professionals, this breakthrough technique has been tested and approved by Temple Inland, Exxon, and Shell, among other top firms. Real-Time Profit Management defines: Basic control concepts. The dynamics of cost data. The importance of a time history. How to design and implement a real-time cost system in virtually any type of manufacturing operation. Real-Time Profit Management—hailed by industry leaders. "Activity-Based Costing has become the planning tool that enabled us to better manage our profitability." Bill Bleibdrey, Vice President - Finance, Solvay Polymers. "Activity-Based Costing became the measurement that allowed us to gain control of our bottom line." Phillip W. Farmer, President, CEO, Harris Corporation. "Knowledge of profit by product is a powerful advantage in today's competetive world." Max Howorth, CFO, Shell Chemical.
Ultimate Profit Management
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Author : Manny Skevofilax
language : en
Publisher: CRC Press
Release Date : 2024-06-19
Ultimate Profit Management written by Manny Skevofilax and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-06-19 with Business & Economics categories.
Over the course of the author’s career as a banker and business consultant, he has seen many examples of businesses that were doing just “fine.” They were profitable and growing slowly-but-surely, but then the business owner decided that it wasn’t enough anymore to simply grow slowly. What was suddenly needed was growth of 20 percent, 50 percent, or even 100 percent per year, just like the notable companies they see and hear about every day in the media. They began to try to grow the business and, in a short period of time, a profitable and thriving business became unprofitable. Since the business was no longer profitable, it needed to take on debt in order to pay its expenses. After taking on more and more debt, the business reached a point where it was unable to find any more debt to take on. This circumstance caused the business to fail to pay its bills anymore, which led to a financial day of reckoning. It doesn’t have to be this way. There is a more effective way to grow your business without causing it to become unprofitable. And that’s why the author wrote this book. Growing a business without making profits usually leads to a short lifespan for that business and there are exceptions such as Uber and DoorDash—but, there is a big difference between a business that has outside investors (angel investors, private equity, and venture capital) and the typical small business entrepreneur trying to bootstrap a business. The difference is that if a business has a huge target market and it is growing its sales rapidly, outside investors may be willing to fund losses for a period. The same does not hold true for an entrepreneur trying to grow a business without outside investors. Losses show that a business is on borrowed time. Once your capital is exhausted, there is no going back. A business needs profits in order to remain viable and to be able to provide for its owners, its employees, and its community. Running a business that loses money will put you out of business. There is no reason to not be profitable as you grow your business! The author shares the lessons that were taught to him by leaders, mentors in business, and by his own clients. What took him by surprise was that these lessons aren’t complicated. They’re simple. They use simple, uncomplicated methods to grow their businesses profitably. You will learn about the readily available tools you can use to ensure that your business does not turn unprofitable as you grow it. You’ll be convinced that it makes sense to resist the lure of the high-growth, no-profit strategy and instead embrace the approach of steady growth with profits. Use this book as a guide. In it, the author covers the most important aspects of reasonable, prudent growth that will avoid debt and allow you, your partners, and business associates a productive and non-stressful existence with a business that grows and profits correctly.
Profit Maximization Techniques For Operating Chemical Plants
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Author : Sandip K. Lahiri
language : en
Publisher: John Wiley & Sons
Release Date : 2020-07-13
Profit Maximization Techniques For Operating Chemical Plants written by Sandip K. Lahiri 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 2020-07-13 with Technology & Engineering categories.
A systematic approach to profit optimization utilizing strategic solutions and methodologies for the chemical process industry In the ongoing battle to reduce the cost of production and increase profit margin within the chemical process industry, leaders are searching for new ways to deploy profit optimization strategies. Profit Maximization Techniques For Operating Chemical Plants defines strategic planning and implementation techniques for managers, senior executives, and technical service consultants to help increase profit margins. The book provides in-depth insight and practical tools to help readers find new and unique opportunities to implement profit optimization strategies. From identifying where the large profit improvement projects are to increasing plant capacity and pushing plant operations towards multiple constraints while maintaining continuous improvements—there is a plethora of information to help keep plant operations on budget. The book also includes information on: ● Take away methods and techniques for identifying and exploiting potential areas to improve profit within the plant ● Focus on latest Artificial Intelligence based modeling, knowledge discovery and optimization strategies to maximize profit in running plant. ● Describes procedure to develop advance process monitoring and fault diagnosis in running plant ● Thoughts on engineering design , best practices and monitoring to sustain profit improvements ● Step-by-step guides to identifying, building, and deploying improvement applications For leaders and technologists in the industry who want to maximize profit margins, this text provides basic concepts, guidelines, and step-by-step guides specifically for the chemical plant sector.
Control Of Energy Storage
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Author : William Holderbaum
language : en
Publisher: MDPI
Release Date : 2018-04-06
Control Of Energy Storage written by William Holderbaum and has been published by MDPI this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-04-06 with Electronic books categories.
This book is a printed edition of the Special Issue "Control of Energy Storage" that was published in Energies
Revenue Management
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Author : I. Yeoman
language : en
Publisher: Springer
Release Date : 2010-12-08
Revenue Management written by I. Yeoman and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12-08 with Business & Economics categories.
Pricing is about deciding your market position whereas revenue management is the strategic and tactical decisions firms take in order to optimize revenues and profits. This book offers insights into research, theories, applications and innovations and how to makes these work in different industries.
Revenue Management For Rural Hotels
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Author : DAVID SANDUA
language : en
Publisher: David Sandua
Release Date :
Revenue Management For Rural Hotels written by DAVID SANDUA and has been published by David Sandua this book supported file pdf, txt, epub, kindle and other format this book has been release on with Business & Economics categories.
This book is an indispensable guide for owners and managers of rural hotels seeking to maximize revenue and profitability. Focusing on revenue management, a crucial strategy in the hotel industry, the author details how to apply effective pricing techniques, inventory management and market analysis to attract diverse customer segments. The book addresses everything from dynamic and competitive pricing to using technology and data to predict demand and adjust supply. In addition, it explores how collaborating with local businesses and adopting sustainable practices can enhance the guest experience and increase profitability. This handbook is a valuable resource for any rural hotel looking to stand out in a highly competitive market.
Revenue Management For The Hospitality Industry
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Author : David K. Hayes
language : en
Publisher: John Wiley & Sons
Release Date : 2021-11-09
Revenue Management For The Hospitality Industry written by David K. Hayes 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 2021-11-09 with Business & Economics categories.
REVENUE MANAGEMENT FOR THE HOSPITALITY INDUSTRY Explore intermediate and advanced topics in the field of revenue management with this up-to-date guide In the newly revised second edition of Revenue Management for the Hospitality Industry, an accomplished team of industry professionals delivers a comprehensive and insightful review of hospitality pricing and revenue optimization strategies. The book offers realistic industry examples from hotels, restaurants, and other hospitality industry segments that use differential pricing as a major revenue management tool. The authors discuss concepts critical to the achievement of hospitality professionals’ revenue management goals and include new examinations of the growing importance of effective data collection and management. A running case study helps students learn how to incorporate the revenue management principles and strategies included in the book’s 14 chapters. Written for students with some prior knowledge and understanding of the hospitality industry, the new edition also includes: A brand-new chapter on data analysis and revenue management that addresses many of the most important data and technology-related developments in the field, including the management of big data, data safety, and data security In-depth discussions of revenue management topics including Net Revenue Per Available Room, Direct Revenue Ratio, and other KPIs Major changes to the book’s instructor support materials and an expansion of the instructor’s test bank items and student exercises. An indispensable resource for students taking courses in hospitality management or business administration, Revenue Management for the Hospitality Industry, Second Edition is also ideal for managers and executives in the hospitality industry.
Revenue Management
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Author : Robert G. Cross
language : en
Publisher: Crown Currency
Release Date : 2011-04-27
Revenue Management written by Robert G. Cross and has been published by Crown Currency this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-04-27 with Business & Economics categories.
From the man the Wall Street Journal hailed as "the guru of Revenue Management" comes revolutionary ways to recover from the after effects of downsizing and refocus your business on growth. Whatever happened to growth? In Revenue Management, Robert G. Cross answers this question with his ground-breaking approach to revitalizing businesses: focusing on the revenue side of the ledger instead of the cost side. The antithesis of slash-and-burn methods that left companies with empty profits and dissatisfied stockholders, Revenue Management overturns conventional thinking on marketing strategies and offers the key to initiating and sustaining growth. Using case studies from a variety of industries, small businesses, and nonprofit organizations, Cross describes no-tech, low-tech, and high-tech methods that managers can use to increase revenue without increasing products or promotions; predict consumer behavior; tap into new markets; and deliver products and services to customers effectively and efficiently. His proven tactics will help any business dramatically improve its bottom line by meeting the challenge of matching supply with demand.
Hotel Revenue Management From Theory To Practice
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Author : Stanislav Ivanov
language : en
Publisher: Zangador
Release Date : 2014-03-15
Hotel Revenue Management From Theory To Practice written by Stanislav Ivanov and has been published by Zangador this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-03-15 with Travel categories.
This research monograph aims at developing an integrative framework of hotel revenue management. It elaborates the fundamental theoretical concepts in the field of hotel revenue management like the revenue management system, process, metrics, analysis, forecasting, segmentation and profiling, and ethical issues. Special attention is paid on the pricing and non-pricing revenue management tools used by hoteliers to maximise their revenues and gross operating profit. The monograph investigates the revenue management practices of accommodation establishments in Bulgaria and provides recommendations for their improvement. The book is suitable for undergraduate and graduate students in tourism, hospitality, hotel management, services studies programmes, and researchers interested in revenue/yield management. The book may also be used by hotel general managers, marketing managers, revenue managers and other practitioners looking for ways to improve their knowledge in the field.
Revenue Management In The Lodging Industry
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Author : Ben Vinod
language : en
Publisher: Springer Nature
Release Date : 2022-10-31
Revenue Management In The Lodging Industry written by Ben Vinod and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-10-31 with Business & Economics categories.
This book provides an end-to-end view of revenue management in the hospitality industry. The book highlights the origins of hotel reservations systems and revenue management, challenges unique to hotels, revenue management models, new generation retailing, and personalization and steps required to remain competitive in the marketplace. This book is intended for practitioners to understand the basics and have a comprehensive view of the impacts of revenue management on product distribution, reservations, inventory control, including the latest advances in the field of attribute-based room pricing and inventory control. There are several aspects of revenue management that are not covered in books and journal articles such as hotel pricing, hotel fully allocated costs, content parity, impact of Online Travel Agencies on hotels, competitive revenue management and attribute-based room pricing and inventory control which represents the last frontier in hotel revenue management with intelligent retailing. Leveraging emerging technologies, such as Artificial Intelligence and Blockchain and the future state of revenue management, are also addressed.