Real-time profit management : making your bottom line a sure thing

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Bibliographic Information

Real-time profit management : making your bottom line a sure thing

Bob Dragoo, Ernst & Young

Wiley, c1995

  • : cloth

Available at  / 26 libraries

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Includes bibliographical references and index

Description and Table of Contents

Description

ERNST & YOUNG, the most respected name in the field, presents a revolutionary approach to bottom line management. Real-Time Profit Management. Now you can achieve strategic and tactical management of the bottom line. Ernst & Young's bold, new step-by-step plan for measuring cost as it happens, in real time, makes it possible to measure profitability as never before-by product, by customer, by order. The result is increased efficiency which translates into higher profits. Developed by the country's top consulting professionals, this breakthrough technique has been tested and approved by Temple Inland, Exxon, and Shell, among other top firms. Real-Time Profit Management defines: * Basic control concepts. * The dynamics of cost data. * The importance of a time history. * How to design and implement a real-time cost system in virtually any type of manufacturing operation. Real-Time Profit Management-hailed by industry leaders. "Activity-Based Costing has become the planning tool that enabled us to better manage our profitability." Bill Bleibdrey, Vice President - Finance, Solvay Polymers. "Activity-Based Costing became the measurement that allowed us to gain control of our bottom line." Phillip W. Farmer, President, CEO, Harris Corporation. "Knowledge of profit by product is a powerful advantage in today's competetive world." Max Howorth, CFO, Shell Chemical.

Table of Contents

  • How We Got to this Point.
  • The Revolution.
  • 50 Years of Control.
  • The Dynamics of Cost Data.
  • The Importance of a Time--History.
  • Use of Costs in a Business Strategy.
  • Strategic Benefits.
  • Tactical Benefits.
  • Executive Uses of Activity--Based Management.
  • A New Look at Business.
  • Good Business/Bad Business.
  • Architecture of a Real--Time Cost System.
  • Implementing a Real--Time System.
  • The Elements of the Cost Equation.
  • Harvesting the Value from ABC.
  • The Minefield of Real--Time Information.
  • The Use of SPC in Real--Time Costing.
  • An Example of ABC Use in Planning.
  • Appendices.
  • Glossary.
  • Index.

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