Category: Operations & Manufacturing

Volume – Cost – Profit (CVP) Analysis and Excel Templates

During business planning, strategy development, budgeting and financial planning business managers will most likely give attention to product sales (quantity in addition to valuation) together with earnings overall performance. Long term strategies in many cases are based upon exactly what has long been accomplished previously having an focus on development plus, with regard to larger […]

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3 Simple Operating Performance Ratios

Operating Performance Ratios Operating performance ratios is an important category of financial ratios analysis. Evaluating the overall company operating performances require analysis of company’s revenue and cost structure, inventory analysis as well as analysis of accounts receivables. Revenue or sales will show how successfully the organization operates in terms of market share and marketing and […]

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Business Process Analysis

Business process analysis focuses on the business processes. Business processes are all sequential and repetitive activities that occur in organizations on a continuous basis – day after day business processes create and deliver value for the organization and its customers in an effective and efficient manner. Example of business process include production process, product and […]

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Traditional Costing vs. Activity Based Costing (Excel Software and ABC Guides)

Effective cost analysis allows organizations to identify all costs related to doing business. When costs are allocated to particular products, departments, activities, services, customers, etc. managers can improve their knowledge and understanding of the real cost structure. As a result, management is capable of making informed decisions such as how to price certain service, how […]

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ABC Inventory Analysis

ABC inventory analysis is a simple approach to creating categories for your inventory. For example, category A items will be the inventory which requires very strict control and management with accurate tracking and reporting. The category B items in your inventory will be items which do not require very strict control and reporting. The C […]

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Process improvement: Simple 5-step guide to improve your business processes

Process improvement possibilities can be found just about anywhere within your organization. Improving a business process is vital element for any business organization within a competitive environment. Discovering processes within your company which can be enhanced can be done by developing awareness of exactly how effective and efficient they are. By improving your processes you […]

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Balanced Scorecard Internal Process Perspective

The balanced scorecard is standardized management methodology in a way that analyzes the organizational performances by using 4 different perspectives: financial, customer, internal processes and organizational learning perspectives. Each of these 4 perspectives together create a strategic framework by using cause and effect relationships among various perspectives. The internal process perspective deals with the measuring […]

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Supply Chain and Product Management

As a result of these changes the product strategy will also require changes in the supply chain management. The supply chain as a chain of interrelated functions and organizations with a role of moving raw materials, products, inventory, packaging and everything until the final products are delivered to the end users, require strategic planning and […]

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QC, SPC, Six Sigma, Quality Management, Quality Control Tools, Tips, Articles and Templates

Total Quality Management Guides, Resources, Software, SPC Control Charts and more quality tools and templates for quality professionals. Tips and Questions for your new Pilot QC Process Well, you have been developing the new quality control process and looking forward to implement it and see the expected results and improvements – however starting with a […]

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Inventory Metrics Examples

The objective of any inventory management program or inventory system should be to minimize cost, maximize profit while being able to meet customer expectations (orders). Just like in any business discipline tracking, monitoring and measuring metrics is crucial for effective management. However the metrics you use will drive the performance because you’ll be focusing on […]

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