Maximizing Profit: How to Measure the Financial Impact of Manufacturing Decisions
Author: Walt Thrun, Walter Thrun
List Price: $40.00
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ISBN: 1563272717
Publisher: Productivity Press (November, 2002)
Sales Rank: 339,338
Average Customer Rating: 4.8 out of 5
Customer Reviews
Rating: 5 out of 5
A Great New Teaching Tool for Today's Decision Makers
Walt's book brings together some important elements of Engineering Economy, Operations Research, and more recent works that stem from the The Goal and Theory of Constraints. However, Walt concentrates primarily on the strategic planning facet and leaves detailed scheduling and capacity analysis to other works. He uses "total contribution" and "total system ROI" as the criteria and introduces "integrative reasoning" as a philosophy to optimize product mix and evaluate a variety of tactical and strategic options. This philosophy is presented in a single, continuous case that extends through the entire book, becoming stronger as it flows from example to example and chapter to chapter. The progressive case study is a chain of tightly related examples which evaluate and rank strategies for product mix, productivity improvements, outsourcing, contract manufacturing, capital planning, budgeting, acquisitions, and multi-plant synergy. After reading lots of of other current works and spending time on the job, one still may not learn the key lessons carried in this one book.
Rating: 5 out of 5
Do you know your Maximum Profit?
Using the Profit Maximization Techniques developed by Walt Thrun will allow any production facility to calculate their maximum profit obtainable. Now there is no need to guess what your optimum product mix should be for your plant, what Capital Projects to implement, what your budget and forecast should be. This has the potential to revolutionize productivity as we measure it today. Let's quit getting better at doing the wrong things and start doing the right things.
Rating: 5 out of 5
An Engineer's Perspective
As an engineer in a manufacturing environment I loved the book because it quantitatively expresses the contribution that engineers make to the bottom line. This book will definitely be popular with SME and AIIE. I have been fighting the standard cost battle for years, knowing that it didn't work, but not knowing exactly why or be able to offer an alternative. This book nails both of these issues down in succinct fashion. This book is a real winner! Similar Products
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