Working Session 4
TOC Measurement Systems for ROI
Facilitator: Debra Smith, Constraints Management Group
There
are five key objectives measured in every business organization;
sales growth, cost reduction, on time performance, inventory
reduction and quality improvement. Each of these performance
indicators are on every balanced scorecard measurement and are
considered the basic cornerstone to improving a company’s return on
investment. Together with standard cost accounting measures, they
are the backbone of traditional financial analysis and drive
corporate strategies, policies and work practices.
This working session will
provide participants with the practical ability to understand and
explain the flawed assumptions underlying the current management and
measurement techniques employed around the five key objectives and
standard costing. Using the Theory of Constraints, we will build the
basic logic to align the key objectives with the current reality of
a company and align strategies, policies and work practices with
return on investment.
This
session is designed for any manager with or without formal finance
training
Each concurrent
working session is designed to be highly interactive and
participatory. Each group will be limited in size to ensure
individualized attention and problem-solving. Choose one to attend;
materials and highlights from all will be shared. |
