As any business owner or CEO knows, manufacturing costs are constantly rising and you have to fight the battle every day to guard your profit margin. If you are using a Catapult to fight rising costs and your competition is using a Howitzer, you need to read this book.In this economy, if ever there was a time to use a howitzer to attack the castle where the profits are stored, this is it. Well, maybe it's not quite that serious, but you certainly can't sit back and just hope it gets better. The only way it will get better is if you are proactive, and the sooner you start the more impact you can have. This book will help you evaluate your situation to see if you need to do a cost reduction project, help you choose the project, walk you through the steps of a project, and even take it to the next level with cost containment. After you have done the work to reduce the costs, you want to make sure they don't creep up on you.There are some really good tips to make the process easier and at the end of the book there are even “Excel Hints” to help you with the spreadsheets. This full color book has all the formulas you will need to make your project successful. Just remember that if you always do what you always did, you will always get what you always got. Are you ready to do something different? If so, try these proven methods – today!
Thorough coverage of food and beverage cost control strategies that can be taken from the classroom to the workplace! The material presented in this book represents a thorough coverage of the most essential cost-control categories. There are 14 chapters within the six cost-analysis sections of the Operating Cycle of Control. The sections flow in a logical sequence that presents a path for understanding cost control from menu concept to financial reporting. The six cost-analysis sections are self-contained, so that the reader (student) can go to any section for specific cost-control procedures. Therefore, the book can be taken from the classroom to the workplace. New to this edition: • Clearly defined chapter learning objectives with end-of-chapter discussion questions that can assess readers (students) level of comprehension. • Project exercises following each chapter that are designed to test applied knowledge. • Restaurant Reality Stories that reflect upon what often occurs in restaurant businesses are appropriately placed within each of the 6 sections of the Operating Cycle of Control. • Mobile foodservice (food trucks and trailers) is presented in the Appendix—Restaurant Case and concludes with a project exercise to create a food-truck menu, as well as operational and marketing plans for a mobile foodservice as an additional business revenue source for the existing three-tiered restaurant operation case. • Key Cost and Analysis Formulas (Quick Reference)
Along with quality management, the greatest challenge facing North American companies is cost reduction. Here are innovative--and largely painless--programs and actions to make cost reduction a powerful competitive weapon.
Why is surgery so expensive? Surgeon Paul A. Ruggieri reveals little-known truths about his profession—and the hidden flaws of our healthcare system—in this compelling and troubling account of real patients, real doctors, and how money influences medical decisions behind the scenes. Even many well-informed patients have no idea what may be contributing to the cost of their surgery. With up-to-date research and stories from his practice, Ruggieri shows how business arrangements among hospitals, insurance companies, and surgeons affect who gets treatment—and whether they get the right treatment. Pulling back the curtain from the hospital bed, he explains how to safeguard one’s own health (and finances), and how America can make surgery more affordable for all without sacrificing quality care.
We all wish we had more control. When our relationships are strained, when our bodies refuse to cooperate, when the future is uncertain, control promises security and peace. If only I were in charge, we dream. And this illusion seems more attainable than ever. Technology, science, medicine, and the internet all promise us ever-increasing mastery over our world. The problem is, control is a "devil's deal." The more we seek it, the more it betrays us. In place of predictability, it gives us anxiety. In place of certainty, it creates more complexity. And in place of unity, it divides. It's not just that we cannot control things; it's that we break them even more when we try. Thankfully the answer to our craving is not simply to "let go and let God." When our kids aren't listening, when our loved ones are self-destructing, or when our health is declining, we don't have to scramble after control, nor do we have to throw up our hands. Instead, God has given us a better tool. In this culturally insightful and eye-opening book, Sharon Hodde Miller helps us discover the real power God has given us in Christ, to exercise influence over ourselves and our lives.
Shed Revenue-Draining Complexity Costs by Thirty Percent! “This is an ambitious book packed with insight and fresh thinking. Separating good from bad complexity costs is a critical task facing companies today, and the authors provide a compelling roadmap for solving the problem.” Michael B. McCallister, President and CEO, Humana Inc. “Waging War on Complexity Costs examines an incredibly important and often overlooked aspect of business and organizations in general—regulators and government officials should read this book and take notice. Complexity dramatically increases costs and risk of failure. It is like a cancer that eats away at efficiency and profitability.” Andy Beal, Chairman and CEO, Beal Bank “This is by far the best and most useful explanation of how to address complexity in a business. Waging War on Complexity Costs frames the issue in a way that companies can finally tackle the problem—this book delivers.” Ahmad R. Chatila, CEO, MEMC Electronic Materials Inc. “This is the first book that really targets organizational complexity in a compelling way, making this a must-read for any organization that is looking to distance itself from the competition. After years of cost-cutting, many companies are realizing that they still don’t have a discernable cost advantage. This book provides the platform to achieve just that, by attacking the complexity that bogs them down.” Tom DiDonato, EVP Human Resources, American Eagle Outfitters, Inc. About the Book: Complexity costs are the single biggest determinant of your company’s cost competitiveness. For the past two decades the pursuit of growth has created massive complexity in processes, product portfolios, and organizations, adding costs that companies can ill afford. The only good news is that your competitors may be carrying as much complexity as you are. Learn how to eliminate this complexity, and you can create a tremendous cost advantage over your competition. In Waging War on Complexity Costs, Stephen Wilson and Andrei Perumal deliver a powerful and practical approach for reclaiming your cost advantage. This executive-level resource presents a wealth of insight and new research to definitively answer key questions such as: How can I quantify the cost of complexity without getting lost in a sea of data? Where are the biggest opportunities for reducing product, process, and organizational complexity, and how can I cut through the interdependencies that trap these costs? How can I see results quickly by taking targeted actions against key levers? How do I keep complexity costs at bay? It is not enough to attack bloated product portfolios. Substantive cost improvements require addressing the complexity in the underlying processes and organizational structures. Waging War on Complexity Costs provides a wealth of relevant case studies with examples from Kraft, Tesco, Fiat, and the U.S. Navy and highlights specific strategies for reducing costs by 15-30% in significant portions of your business. Tomorrow’s consumers are emerging as wellinformed customers who know what they want and the price they’re willing to pay for it. Complexity not only drives costs; it creates a barrier between you and the customer. Declare a war on complexity costs and prepare for profitable growth.
Textbook on the efficiency and cost of quality control, with particular reference to management practices in the USA - covers profitability, performance record (incl. Workers induction), production standards, value engineering, job requirements of relevant managerial functions, purchasing control, supply and demand, the use of numerical control devices (automatic control), industrial research, etc.
An accessible, practical survey of cost management methods Essentials of Cost Management provides an unbiased survey and explanation of the cost management approaches and methods currently available for immediate application in day-to-day activities. Rather than advocate a particular method, this book assists readers in choosing the best approach or blend of cost management strategies to address specific business problems. The expert authors also discuss cutting-edge topics such as target costing, capacity management, and activity-based costing/management.
