OPERATIONAL PROFITABILITY; CONTENTS; Preface; 1 The Basic Approach; Indicators of a Profitable Business Operating System; What This Book Will Do for You; 2 A History of American Business and the Impact on Profitability; Global Markets; 3 The Effectiveness of Systems and the Efficiency of Business Operations; Business Improvement Approach; Business Analysis; 4 Case in Point Using the Business Assessment; 5 Profitability in Today's Market; Business Models; The Business Process; 6 Types of Financial Statements; Financial Statements; Financial Statement Analysis; Advisory Services. 7 Performance MeasuresStrategic Plan; Business Goals; 8 Pricing Policies; Pricing and Profitability; Budgeting; Ratios and Analysis; 9 Operations; Efficiency Measures; Analysis and Evaluation; 10 Operations Efficiency Measures; Capacity Analysis; Employee Turnover Analysis; Downtime Analysis; Cost Reduction/Productivity Improvement Analysis; 11 Reducing Operating Costs; Using Processing Controls to Reduce Costs; Cutting Direct-Labor Costs; Monitoring Shrinkage through Cycle Counting; Bills of Material; Controlling Quality Costs; Cost-Reduction Measures; Maintenance Costs; Capital Expenditures. Employee ConcernsCost-Cutting Ideas for the Plant; 12 Inventory Controls; Proper Inventory Investment; Reducing Inventory to the Calculated Level; Inventory Control Guidelines Worksheet; Inventory Record Accuracy Analysis Worksheet; 13 Production Planning and Control; Cycle Forecasting; Controlling Output through Work Measurement; Control of Quality; Control of Maintenance; Cost-Saving Measures for Conserving Energy; Appendix A Process Improvement Flow Diagrams; Appendix B Business Analysis; Index.
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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 techni.