Real-time Profit Management

The real-time system described in this book represents an alternative in process re-engineering and activity-based costing. It aims to give companies a means of measuring costs as they are actually incurred.

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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.