{"product_id":"cost-reduction-analysis-isbn-9780470587263","title":"Cost Reduction Analysis","description":"\u003cb\u003eDiscover the tools for knowing the costs your company should cut, without impacting its ability to deliver goods and services\u003c\/b\u003e  \u003cp\u003eNew from Steve Bragg, this book provides the tools for determining which costs a company should cut, without impacting its ability to deliver goods and services. It explains how to use throughput analysis in order to locate bottleneck operations in a company, which in turn dictates where capital investments should (and should not) be made.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eDelves into process analysis, to determine where excess resources are being used in a business process\u003c\/li\u003e \u003cli\u003eDescribes the total cost of ownership, showing how a single purchasing decision actually snowballs into a variety of ancillary costs\u003c\/li\u003e \u003cli\u003eShows how to create and use a spend management system to reduce procurement costs\u003c\/li\u003e \u003cli\u003eShows how just-in-time systems can be used to eliminate inventory costs\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eCost Reduction Analysis: Tools and Strategies\u003c\/i\u003e provides examples to show how much cost can potentially be eliminated to avoid drastic action later that can imperil your corporation's direction and future.\u003c\/p\u003e \u003cp\u003eAbout the Author xi\u003c\/p\u003e \u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Primary Areas of Cost Reduction 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 The Cost Reduction Process 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 3\u003c\/p\u003e \u003cp\u003eNeed for Cost Reduction 4\u003c\/p\u003e \u003cp\u003eAdvantages of Cost Reduction 7\u003c\/p\u003e \u003cp\u003eDisadvantages of Cost Reduction 8\u003c\/p\u003e \u003cp\u003eCost Reduction Politics 8\u003c\/p\u003e \u003cp\u003eCost Reduction Priorities 9\u003c\/p\u003e \u003cp\u003eCost Reduction Tools 11\u003c\/p\u003e \u003cp\u003eProcess Analysis 21\u003c\/p\u003e \u003cp\u003eProcess Analysis Tools 24\u003c\/p\u003e \u003cp\u003eKey Cost Reduction Questions 28\u003c\/p\u003e \u003cp\u003eCost Reduction Reports 29\u003c\/p\u003e \u003cp\u003eMetrics 34\u003c\/p\u003e \u003cp\u003eSummary 34\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Selling and Marketing Cost Reduction 37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 37\u003c\/p\u003e \u003cp\u003eCustomer Mix Analysis 37\u003c\/p\u003e \u003cp\u003eCustomer Class Analysis 39\u003c\/p\u003e \u003cp\u003eSales Region Analysis 39\u003c\/p\u003e \u003cp\u003eDropped Customer Analysis 42\u003c\/p\u003e \u003cp\u003ePrice Setting with Throughput Analysis 44\u003c\/p\u003e \u003cp\u003eSales Productivity Analysis 46\u003c\/p\u003e \u003cp\u003eSales Effectiveness Analysis 48\u003c\/p\u003e \u003cp\u003eSalesperson Analysis 49\u003c\/p\u003e \u003cp\u003eFinding Throughput Problems in Sales 51\u003c\/p\u003e \u003cp\u003eSales Process Flow 53\u003c\/p\u003e \u003cp\u003eSales Deduction Systems 55\u003c\/p\u003e \u003cp\u003eCollections by the Sales Staff 56\u003c\/p\u003e \u003cp\u003eMarketing Cost Reductions 56\u003c\/p\u003e \u003cp\u003eSales and Marketing Metrics 59\u003c\/p\u003e \u003cp\u003eSummary 60\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Product Analysis 61\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 61\u003c\/p\u003e \u003cp\u003eTarget Costing 61\u003c\/p\u003e \u003cp\u003eTargeted Price Increases 72\u003c\/p\u003e \u003cp\u003eEliminate Unprofitable Products 73\u003c\/p\u003e \u003cp\u003eAdd New Products 81\u003c\/p\u003e \u003cp\u003eOutsource Products 83\u003c\/p\u003e \u003cp\u003eProduct Rework Costs 85\u003c\/p\u003e \u003cp\u003eCustom Product Costs 86\u003c\/p\u003e \u003cp\u003eProduct Metrics 88\u003c\/p\u003e \u003cp\u003eSummary 90\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Production Cost Reduction 91\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 91\u003c\/p\u003e \u003cp\u003eThroughput Analysis 91\u003c\/p\u003e \u003cp\u003eProduct Line Complexity 92\u003c\/p\u003e \u003cp\u003eProduction Flow 92\u003c\/p\u003e \u003cp\u003eCellular Manufacturing 93\u003c\/p\u003e \u003cp\u003eContinuous Flow 94\u003c\/p\u003e \u003cp\u003eMonument Equipment 94\u003c\/p\u003e \u003cp\u003eQuick Changeovers 95\u003c\/p\u003e \u003cp\u003eAssembly Line Configuration 96\u003c\/p\u003e \u003cp\u003eAssembly Line Length 96\u003c\/p\u003e \u003cp\u003eContainer Sizes 97\u003c\/p\u003e \u003cp\u003eSource Inspection 97\u003c\/p\u003e \u003cp\u003eControl Chart Analysis 98\u003c\/p\u003e \u003cp\u003eMistake Proofing 101\u003c\/p\u003e \u003cp\u003eExpediting 102\u003c\/p\u003e \u003cp\u003eMaintenance Planning 102\u003c\/p\u003e \u003cp\u003eMachinery Standardization 103\u003c\/p\u003e \u003cp\u003eMachinery Assignment 103\u003c\/p\u003e \u003cp\u003eMetrics 103\u003c\/p\u003e \u003cp\u003eSummary 104\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Payroll Cost Reduction 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 107\u003c\/p\u003e \u003cp\u003eAnalysis for a Workforce Reduction 107\u003c\/p\u003e \u003cp\u003eCost of a Workforce Reduction 117\u003c\/p\u003e \u003cp\u003eAlternatives to a Workforce Reduction 120\u003c\/p\u003e \u003cp\u003eManage Payroll Expenses at the Hiring Stage 123\u003c\/p\u003e \u003cp\u003eCombat Institutionalized Pay Increases 125\u003c\/p\u003e \u003cp\u003eRestructure Commissions 128\u003c\/p\u003e \u003cp\u003eRestructure the Workforce 129\u003c\/p\u003e \u003cp\u003eHire Contractors 131\u003c\/p\u003e \u003cp\u003eOther Types of Payroll Cost Reduction 132\u003c\/p\u003e \u003cp\u003eWorker Adjustment and Retraining Notification Act 133\u003c\/p\u003e \u003cp\u003ePayroll Cost Metrics 133\u003c\/p\u003e \u003cp\u003eSummary 134\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Benefits Cost Reduction 137\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 137\u003c\/p\u003e \u003cp\u003eBenefits Administration 137\u003c\/p\u003e \u003cp\u003eDisability Insurance 139\u003c\/p\u003e \u003cp\u003eLife Insurance 140\u003c\/p\u003e \u003cp\u003eMedical Insurance 140\u003c\/p\u003e \u003cp\u003ePensions 144\u003c\/p\u003e \u003cp\u003eSeasonal Bonuses 147\u003c\/p\u003e \u003cp\u003eSick Time 147\u003c\/p\u003e \u003cp\u003eSnacks 148\u003c\/p\u003e \u003cp\u003eTraining 148\u003c\/p\u003e \u003cp\u003eVacation Time 150\u003c\/p\u003e \u003cp\u003eWellness Programs 151\u003c\/p\u003e \u003cp\u003eWorkers’ Compensation Insurance 151\u003c\/p\u003e \u003cp\u003eMiscellaneous Perquisites 153\u003c\/p\u003e \u003cp\u003eFree Benefits 153\u003c\/p\u003e \u003cp\u003eMetrics 154\u003c\/p\u003e \u003cp\u003eSummary 154\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Procurement Cost Reduction 157\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Procurement Cost Reduction 159\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 159\u003c\/p\u003e \u003cp\u003eStandard Procurement Process Flow 160\u003c\/p\u003e \u003cp\u003eProcurement Cards 161\u003c\/p\u003e \u003cp\u003eEvaluated Receipts System 164\u003c\/p\u003e \u003cp\u003eAdditional Procurement Process Flow Changes 168\u003c\/p\u003e \u003cp\u003eSupplier Consolidation 171\u003c\/p\u003e \u003cp\u003eSupplier Relations 174\u003c\/p\u003e \u003cp\u003eAdditional Cost Reduction Considerations 177\u003c\/p\u003e \u003cp\u003eMetrics 179\u003c\/p\u003e \u003cp\u003eSummary 180\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Spend Analysis 181\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 181\u003c\/p\u003e \u003cp\u003eSpend Database 181\u003c\/p\u003e \u003cp\u003eSpend Analysis 184\u003c\/p\u003e \u003cp\u003eSpend Analysis Reports 190\u003c\/p\u003e \u003cp\u003eSpend Analysis Rollout 193\u003c\/p\u003e \u003cp\u003eThird-Party Spend Management Systems 194\u003c\/p\u003e \u003cp\u003eLow-Cost Spend Management Systems 195\u003c\/p\u003e \u003cp\u003eMetrics 196\u003c\/p\u003e \u003cp\u003eSummary 197\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Maintenance, Repair, and Operations Analysis 199\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 199\u003c\/p\u003e \u003cp\u003eProblems with MRO Cost Reduction 199\u003c\/p\u003e \u003cp\u003eMRO Cost Reduction Methodology 200\u003c\/p\u003e \u003cp\u003eDistributor’s Viewpoint 208\u003c\/p\u003e \u003cp\u003eMetrics 209\u003c\/p\u003e \u003cp\u003eSummary 209\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Asset Reduction 211\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Inventory Analysis 213\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 213\u003c\/p\u003e \u003cp\u003eInventory Purchasing 213\u003c\/p\u003e \u003cp\u003eInventory Receiving 217\u003c\/p\u003e \u003cp\u003eInventory Storage 217\u003c\/p\u003e \u003cp\u003eBill of Materials 221\u003c\/p\u003e \u003cp\u003eObsolete Inventory 222\u003c\/p\u003e \u003cp\u003eMiscellaneous Topics 225\u003c\/p\u003e \u003cp\u003eMetrics 227\u003c\/p\u003e \u003cp\u003eSummary 228\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Fixed Asset Analysis 229\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 229\u003c\/p\u003e \u003cp\u003eFixed Asset Acquisition Analysis 229\u003c\/p\u003e \u003cp\u003eFixed Asset Installation Reporting 235\u003c\/p\u003e \u003cp\u003ePostinstallation Audit 237\u003c\/p\u003e \u003cp\u003eOutsourcing Alternative 237\u003c\/p\u003e \u003cp\u003eLease versus Buy Decision 238\u003c\/p\u003e \u003cp\u003eFeature Reduction Analysis 239\u003c\/p\u003e \u003cp\u003eAsset Commoditization 241\u003c\/p\u003e \u003cp\u003eMonument Analysis 241\u003c\/p\u003e \u003cp\u003eFacility-Specific Considerations 242\u003c\/p\u003e \u003cp\u003eFixed Asset Retention Analysis 243\u003c\/p\u003e \u003cp\u003eFixed Asset Maintenance Analysis 243\u003c\/p\u003e \u003cp\u003eFixed Asset Location Tracking 244\u003c\/p\u003e \u003cp\u003eFixed Asset Condition Tracking 245\u003c\/p\u003e \u003cp\u003eFixed Asset Metrics 245\u003c\/p\u003e \u003cp\u003eSummary 247\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV Special Topics 249\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Throughput Analysis 251\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 251\u003c\/p\u003e \u003cp\u003eTheory of Constraints 251\u003c\/p\u003e \u003cp\u003eOperational Aspects of the Theory of Constraints 252\u003c\/p\u003e \u003cp\u003eNature of the Constraint 254\u003c\/p\u003e \u003cp\u003eDefinitions for the Financial Aspects of the Theory of Constraints 256\u003c\/p\u003e \u003cp\u003eFinancial Aspects of the Theory of Constraints 257\u003c\/p\u003e \u003cp\u003eOpportunity Cost of Operations 259\u003c\/p\u003e \u003cp\u003eLocating the Constraint 260\u003c\/p\u003e \u003cp\u003eManagement of the Constrained Resource 264\u003c\/p\u003e \u003cp\u003eTypes of Policy Constraints 268\u003c\/p\u003e \u003cp\u003eConstraint Buffer 270\u003c\/p\u003e \u003cp\u003eProduction Scheduling 273\u003c\/p\u003e \u003cp\u003eBatch Sizes 278\u003c\/p\u003e \u003cp\u003eCapacity Reduction Analysis 279\u003c\/p\u003e \u003cp\u003eWork Center Utilization 280\u003c\/p\u003e \u003cp\u003eMetrics 280\u003c\/p\u003e \u003cp\u003eSummary 282\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Cost Reduction in Mergers and Acquisitions 283\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 283\u003c\/p\u003e \u003cp\u003eIntegration Timing 283\u003c\/p\u003e \u003cp\u003eIntegration Planning 284\u003c\/p\u003e \u003cp\u003eSynergy Realization 286\u003c\/p\u003e \u003cp\u003eIntegration Manager 290\u003c\/p\u003e \u003cp\u003eIntegration Team 291\u003c\/p\u003e \u003cp\u003eIntegration Communications—Internal 292\u003c\/p\u003e \u003cp\u003eIntegration Communications—External 293\u003c\/p\u003e \u003cp\u003eEmployee Integration—Qualification Assessment 294\u003c\/p\u003e \u003cp\u003eEmployee Integration—Job Positioning 296\u003c\/p\u003e \u003cp\u003eEmployee Integration—Relocations 297\u003c\/p\u003e \u003cp\u003eEmployee Integration—Key Employees 297\u003c\/p\u003e \u003cp\u003eLayoffs 300\u003c\/p\u003e \u003cp\u003eCompensation Integration 301\u003c\/p\u003e \u003cp\u003eSales Integration 302\u003c\/p\u003e \u003cp\u003eProcess Integration 303\u003c\/p\u003e \u003cp\u003eTechnology Integration 304\u003c\/p\u003e \u003cp\u003eMetrics 305\u003c\/p\u003e \u003cp\u003eIntegration Pacing 306\u003c\/p\u003e \u003cp\u003eSummary 307\u003c\/p\u003e \u003cp\u003eIndex 309\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eSTEVEN M. BRAGG, CPA,\u003c\/b\u003e has been the chief financial officer or controller of four companies, as well as a consulting manager at Ernst \u0026amp; Young and an auditor at Deloitte \u0026amp; Touche. He received a master's degree in finance from Bentley College, an MBA from Babson College, and a bachelor's degree in economics from the University of Maine. He has been the two-time president of the Colorado Mountain Club, is an avid alpine skier and mountain biker, and is a certified master diver. Mr. Bragg resides in Centennial, Colorado. He is also the author of \u003ci\u003eAccounting Best Practices and Accounting Policies and Procedures Manual\u003c\/i\u003e, both published by Wiley.    \u003c\/p\u003e\u003cp\u003e\u003cb\u003eCOST REDUCTION ANALYSIS\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003cb\u003eTools and Strategies\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003eAs every organization has learned from today's global economic climate, an ongoing commitment to cost reduction and control in both good times and bad is a surefire way to weather inevitable economic turmoil. It's true: being proactive and implementing practical cost control measures \u003ci\u003enow\u003c\/i\u003e will lessen your company's likelihood of having to take drastic actions later—actions that can imperil its direction and future.  \u003c\/p\u003e\u003cp\u003eWritten by renowned accounting expert Steven Bragg, \u003ci\u003eCost Reduction Analysis: Tools and Strategies\u003c\/i\u003e clearly lays out the tools for determining which costs your company should cut without impacting its ability to deliver goods and services. This practical book walks you through:  \u003c\/p\u003e\u003cul\u003e \u003cli\u003eSpecific cost reduction opportunities in sales\/marketing, product design, production, payroll, and benefits\u003c\/li\u003e \u003cli\u003eMethods for improving the procurement process to reduce operational costs\u003c\/li\u003e \u003cli\u003eA broad array of techniques for reducing a company's investment in inventory\u003c\/li\u003e \u003cli\u003eThe best forms of analysis to follow when deciding whether to invest in a fixed asset\u003c\/li\u003e \u003cli\u003eWhy all cost reduction decisions should be based on how they impact the productivity of throughput analysis\u003c\/li\u003e \u003c\/ul\u003e  \u003cp\u003eLiberally sprinkled with concept-clarifying examples as well as a variety of metrics specifically designed to help you monitor your firm's cost reduction progress, \u003ci\u003eCost Reduction Analysis: Tools and Strategies\u003c\/i\u003e is your ideal sourcebook for maximizing profits through a successful system of cost reduction.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988997226725,"sku":"NP9780470587263","price":79.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470587263.jpg?v=1761782366","url":"https:\/\/k12savings.com\/products\/cost-reduction-analysis-isbn-9780470587263","provider":"K12savings","version":"1.0","type":"link"}