Finding opportunities in finance areas
If you look at some of the activities performed by finance personnel with a critical external eye, you can often find people doing things for reasons that may no longer be valid.
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Finding opportunities in engineering departments
There are a couple of typical questions we explore when we're looking for opportunity in engineering departments. Read more to find out.
Finding opportunities in sales areas
The main focus for performance improvement is to improve sales effectiveness and efficiency. In essence, can you sell more higher margin things at a lower total cost?
Finding opportunity in marketing departments
The first functional area we will look at is marketing, which also happens to be one of the more difficult ...
Ten key functional areas
Most of the opportunities we have examined in this series have dealt with financial line items or at least fairly ...
It doesn’t grow on trees
The tenth and final profit driver we will examine is cash. Cash is of course the lifeblood of any organization and ...
The conflicting objectives of inventory management
The ninth profit driver we look at for opportunities is inventory. Inventory reduction tends to go straight to the ...
Better, cheaper, maybe not faster
The eighth profit driver is Accounts Payable (AP). The AP function plays an important role in managing the cash ...
Where is the money?
The seventh profit driver, accounts receivable (AR), sounds a little dull but is actually one of the more ...
The by-product savings in variable overhead costs
Finding the opportunity with variable overhead costs requires trying to understand how these costs are allocated in the financial statements and then analytically drawing some correlations between those costs and the process hours.
The variable nature of fixed overhead costs
When companies volumes decline they are often stuck with more fixed costs than they need. Fixed costs are often much more difficult to reduce than variable costs because they represent a longer term commitment in many cases.
How much indirect labor do you really need?
Indirect labor includes supervisors, material handlers, quality technicians, mechanics, and IT support, all functions which are required to support the production of goods or services. While the functions are important to keep organizations working, its not always easy to determine how many people you actually need.
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