As summer comes to an end managers are getting ready for fall. Most companies push with new initiatives in September. Four months till the end of the year, now it is the time to plan and organize our resources … Continued
Excel Templates for JIT Inventory Management Systems The main JIT inventory models let organizations be able to minimize the overhead costs while usually making sure that components will be available for manufacturing, production and delivery of the products and services. … Continued
August has been an interesting month on Mr Dashboard. But don’t worry, there’s much more to come in the coming months. It’s the mid-point of August, which means summer will soon be over. Here’s our weekly round-up. There’s bound … Continued
QFD was originally created to assist business users in focusing on the most relevant product, service and process features when working on developing new solutions or improving current products or services by considering the relevant feedback from the customer. Quality … Continued
Key Performance Indicators To understand what is KPI, let us draw parallels with football, you have your offensive line and your defensive line and the success of the team depends on the performance of both the lines. Similarly, in business … Continued
Business scorecards and management dashboards are part of almost every organizational performance measurement system; however most of the attention has been paid to the technology behind various business dashboard systems. This quick guide for managers focuses on the best practices … Continued
Once in a while every business person needs to step back and reevaluate the top KPIs that drive the business results. What you measure is what you get so it is without a doubt an important initiative to reevaluate your … Continued
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 … Continued
Financial ratios, metrics, KPIs, financial statements analysis, financial reporting, planning, performance, financial dashboard development and more financial resources: Traditional Costing vs. Activity Based Costing Traditional costing treats overhead using the amount of a certain cost driver, like the volume of … Continued
