Maximizing Profit: How to Measure the Financial Impact of Manufacturing Decisions - Softcover

Thrun, Walter

Softcover

ISBN 10: 1563272717 ISBN 13: 9781563272714

Publisher: Productivity Press, 2002

Synopsis

Maximizing Profit is unique in its coverage of the financial accounting measures that pertain to the profitability of advanced manufacturing operations. It provides actionable techniques to help managers assess their current practices and employ new ways of thinking about the business plan.

Highlights Include:

• Revealing counter-productive performance measures
• Identifying the operational objectives that will realize the greatest profits
• Managing with optimization techniques
• Reassessing the make-or-buy decision
• Incorporating lean manufacturing activities into the aggregate plan
• Rethinking traditional capital project ranking techniques
• Measuring the financial impact of multiplant operations.

  Employing a hypothetical company case study, based on the author's actual experiences, Maximizing Profit guides you through a series of common manufacturing decisions such as product mix, process improvement, make-or-buy, and capital investment. A CD with an interactive Excel Solver spreadsheet tool an optimization algorithm is included that allows you to follow the team in the case study step-by-step as they shed prior assumptions and use optimization techniques to inform decisions.

  Maximizing Profit's practical information on the major decisions that will increase cash flow make it a "must read" and "must have" book for managers in manufacturing entities, specifically, general managers, manufacturing/operations managers, controllers, manufacturing/industrial engineers, and purchasing managers, as well as students of industrial business management.

About this title

Synopsis

Product and process technology has grown at a faster pace than the development of critical financial measures that guide manufacturers in making key decisions. Maximizing Profit addresses this issue in simple, no-nonsense language, with practical techniques that help managers measure the financial effects of typical manufacturing decisions, assess their impact on plant profitability, and understand why current practices are counterproductive. The focus of efforts in recent years has been on execution-based skills. The author contends that if we do not first identify the wrong things being done in the plant, with meaningful financial measures, then we will only be sharpening our execution-based skills to do the wrong things better. Employing a hypothetical case study, based on the authorAs actual experiences, Maximizing Profit guides you through a series of common manufacturing decisions such as product mix, process improvement, make-or-buy, and capital investment. You can follow along step-by-step as the team sheds prior assumptions and uses optimization techniques to inform of their decisions.

A CD, with an easy-to-use Excel spreadsheet tool and optimization algorithm is included with the book so that you can try things out for yourself.

Edition details

• Publisher: Productivity Press
• Publication date: 2002
• Language: English
• ISBN 10: 1563272717
• ISBN 13: 9781563272714
• Binding: Paperback
• Edition number: 1
• Number of pages: 254