{"product_id":"operational-profitability-isbn-9780471214731","title":"Operational Profitability","description":"\u003cb\u003eAdd value to services and increase revenue while giving your clients more of what they need\u003c\/b\u003e  \u003cp\u003e\u003cb\u003e\u003ci\u003eOperational Profitability, Second Edition\u003c\/i\u003e\u003c\/b\u003e explains in complete detail how to conduct a management audit that will give clients the essential information they need in today's fiercely competitive marketplace. At the same time, it enables CPA firms and CEOs to expand their range of services, strengthen business relationships, and increase profits. This newly updated and revised Second Edition walks you through all the steps of a management audit and explains:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eThe basic techniques of the management audit, what it involves, how to set it up, and how to establish a clear set of organizational goals\u003c\/li\u003e \u003cli\u003eHow to rethink and rebuild an organization from the bottom up\u003c\/li\u003e \u003cli\u003eHow to use a full range of analytical tools for identifying problem areas throughout the company\u003c\/li\u003e \u003cli\u003eHow to assess the way a firm manages inventory, purchasing, production planning, and operations\u003c\/li\u003e \u003cli\u003eHow to evaluate and reduce operating costs\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003cb\u003ePraise for the First Edition of \u003ci\u003eOperational Profitability\u003c\/i\u003e...\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"A great operating manual for general managers and vice presidents . . . A complete how-to program.\"\u003cbr\u003e —William Hoban, CEO, Green Bay Drop Forge, Green Bay, Wisconsin\u003c\/p\u003e \u003cp\u003e\"The most complete profitability program I've seen. The examples and checklists are excellent. It has saved my clients millions.\"\u003cbr\u003e —Chuck Wadowski, CEO, TMQ Consultants, Detroit, Michigan\u003c\/p\u003e \u003cp\u003e\"[An] outstanding reference source for the modern manager; very impressive.\"\u003cbr\u003e —Arnold Bradburd, CEO, Interstate Steel Company, Philadelphia, Pennsylvania\u003c\/p\u003e \u003cp\u003e\"[Operational Profitability] provides valuable data on operational efficiency and additional service opportunity beyond the usual audit . . . [It] provides the basis of helpful recommendations [and] provides much useful reading guidance for the performance of a management audit.\"\u003cbr\u003e —Alexander A. H. Bohtling, CPA, \u003ci\u003eCPA Journal\u003c\/i\u003e\u003c\/p\u003e  Preface.\u003cbr\u003e \u003cbr\u003e The Basic Approach.\u003cbr\u003e \u003cbr\u003e A History of American Business and the Impact on Profitability.\u003cbr\u003e \u003cbr\u003e The Effectiveness of Systems and the Efficiency of Business Operations.\u003cbr\u003e \u003cbr\u003e Case in Point Using the Business Assessment.\u003cbr\u003e \u003cbr\u003e Profitability in Today's Market.\u003cbr\u003e \u003cbr\u003e Types of Financial Statements.\u003cbr\u003e \u003cbr\u003e Performance Measures.\u003cbr\u003e \u003cbr\u003e Pricing Policies.\u003cbr\u003e \u003cbr\u003e Operations.\u003cbr\u003e \u003cbr\u003e Operations Efficiency Measures.\u003cbr\u003e \u003cbr\u003e Reducing Operating Costs.\u003cbr\u003e \u003cbr\u003e Inventory Controls.\u003cbr\u003e \u003cbr\u003e Production Planning and Control.\u003cbr\u003e \u003cbr\u003e Appendix A: Process Improvement Flow Diagrams.\u003cbr\u003e \u003cbr\u003e Appendix B: Business Analysis.\u003cbr\u003e \u003cbr\u003e Index.  ROBERT M. TOROK, CPA, is Vice President of the accounting firm of Zalick, Torok, Kirgesner, Cook \u0026amp; Co. in Cleveland, Ohio.\u003cbr\u003e PATRICK J. CORDON is President of The Patrick J. Cordon Company in Berea, Ohio.  Operational Profitability, Second Edition helps CPA firms and CEOs use management audits to provide valuable new client services, add substantial value to current services, and greatly expand their revenue base and earnings potential.\u003cbr\u003e \u003cbr\u003e Properly executed, the management audit provides the best overview available of how a business works as a single entity. It may also be used to evaluate specific functions within the organization to determine their performance efficiency. The management audit takes into account the unique characteristics of each company, adjusts its standard of measurement accordingly, and reflects the specific nature of its corporate culture. In today's hypercompetitive business environment, the management audit could mean the difference between business success and failure.\u003cbr\u003e \u003cbr\u003e This manual helps CPAs and their clients, as well as CEOs, understand and regulate the health of businesses by systematically identifying areas that affect profitability most and by offering experience-based solutions for improving efficiency. This new Second Edition has been updated and revised to place a greater emphasis on companywide profit analysis and improvement strategies. Most of the chapters have been substantially reworked to provide more up-to-date coverage in these important areas:\u003cbr\u003e * Operations strategy\u003cbr\u003e * Product and service design\u003cbr\u003e * Capacity and purchasing\u003cbr\u003e * Business planning, analysis, and profit improvement\u003cbr\u003e * Inventory management\u003cbr\u003e * Material requirements planning\u003cbr\u003e * Quality management\u003cbr\u003e * Conversion to JIT systems\u003cbr\u003e \u003cbr\u003e Operational Profitability, Second Edition shows how a professional management audit gives clients the information they need to remain competitive, increase efficiency, and improve profitability. It provides step-by-step guidance on setting up a management audit, establishing standards of effectiveness, and defining goals and expectations. It supplies the analytical tools for evaluating client operations and explains how to develop carefully targeted action plans and reduce operating costs throughout the company.\u003cbr\u003e \u003cbr\u003e For CEOs and CPA firms with clients in manufacturing and distribution, Operational Profitability, Second Edition provides a blueprint for services that benefit clients, increase firm revenues, and strengthen firm-client relationships.  Add value to services and increase revenue while giving your clients more of what they need\u003cbr\u003e \u003cbr\u003e Operational Profitability, Second Edition explains in complete detail how to conduct a management audit that will give clients the essential information they need in today's fiercely competitive marketplace. At the same time, it enables CPA firms and CEOs to expand their range of services, strengthen business relationships, and increase profits. This newly updated and revised Second Edition walks you through all the steps of a management audit and explains:\u003cbr\u003e * The basic techniques of the management audit, what it involves, how to set it up, and how to establish a clear set of organizational goals\u003cbr\u003e * How to rethink and rebuild an organization from the bottom up\u003cbr\u003e * How to use a full range of analytical tools for identifying problem areas throughout the company\u003cbr\u003e * How to assess the way a firm manages inventory, purchasing, production planning, and operations\u003cbr\u003e * How to evaluate and reduce operating costs\u003cbr\u003e \u003cbr\u003e Praise for the First Edition of Operational Profitability...\u003cbr\u003e \u003cbr\u003e \"A great operating manual for general managers and vice presidents . . . A complete how-to program.\"\u003cbr\u003e -William Hoban, CEO, Green Bay Drop Forge, Green Bay, Wisconsin\u003cbr\u003e \u003cbr\u003e \"The most complete profitability program I've seen. The examples and checklists are excellent. It has saved my clients millions.\"\u003cbr\u003e -Chuck Wadowski, CEO, TMQ Consultants, Detroit, Michigan\u003cbr\u003e \u003cbr\u003e \"[An] outstanding reference source for the modern manager; very impressive.\"\u003cbr\u003e -Arnold Bradburd, CEO, Interstate Steel Company, Philadelphia, Pennsylvania\u003cbr\u003e \u003cbr\u003e \"[Operational Profitability] provides valuable data on operational efficiency and additional service opportunity beyond the usual audit . . . [It] provides the basis of helpful recommendations [and] provides much useful reading guidance for the performance of a management audit.\"\u003cbr\u003e -Alexander A. H. Bohtling, CPA, CPA Journal","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989718417637,"sku":"NP9780471214731","price":125.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471214731.jpg?v=1761785232","url":"https:\/\/k12savings.com\/products\/operational-profitability-isbn-9780471214731","provider":"K12savings","version":"1.0","type":"link"}