Operational Review Workbook: Case Studies, Forms, and Exercises
John Wiley & Sons, 2003 M04 15 - 208 páginas
Practical, proven tools for conducting successful operational reviews
An operational review evaluates management's conformity with plans and resource allocations, organizational structure, operating procedures, processes, and controls. In today's volatile marketplace, organizations must do everything possible to ensure their operations are running most economically and effectively to maximize desired results. In such a competitive environment, operational reviews have become increasingly important. The Operational Review Workbook not only gives readers a better understanding of the concepts behind operational reviews but also enables them to conduct reviews with more confidence and authority.
A companion to Rob Reider's Operational Review: Maximum Results at Efficient Costs, Third Edition, the Workbook explains the benefits of a review and offers step-by-step guidance through its various stages. In addition to the author's incisive analysis, this practical guide:
* Includes case studies, checklists, forms, and exercises
* Reinforces the fundamental principles necessary to perform an operational review
* Presents in a step-by-step manner how an operational review should be performed
* Shows how to judge a review's results and make recommendations to management
* Demonstrates how to use tools and techniques such as financial statement analysis, verification of data accuracy, determination of compliance with laws and regulations, development and understanding of ratio change and trend analysis, use of systems and layout flowcharts, effective interviewing techniques, and preparation and use of survey forms, questionnaires, and checklists
* Integrates operational review concepts with other analytical processes such as benchmarking strategies and activity-based costing principles
The Operational Review Workbook delivers all the tools needed to successfully conduct an operational review of the organization, department, or activity. CEOs, operations management and staff, internal and external consultants and auditors, CFOs and controllers, and other organizational stakeholders will find Reider's incomparable guide an invaluable addition to their professional libraries.
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Accounts Payable Accounts Receivable additional analysis backlog basic board business budget cash clerical company’s computer system computerized cost criteria custom boards customer order Customer Service defense business department manager determine Document duction effective efficient eliminated employees equipment EXHIBIT 6.1 CONTINUED facility field work phase finished goods inventories forepersons functions goals identified implementation improvement income statement increase Inventory Control Manager inventory control system Joe Sorry Company Manufacturing systems Material requirements planning MRP II system needs Obtain or prepare operational reporting operational review finding organization chart organizational percent performed personnel planning phase plant layout policies present product line production schedule production team leaders Profit purchase orders Purchasing Department QC inspectors Quality Control quantity raw materials Reader recommendations requirements review team review work program situation specialty and custom specialty boards specific staff steps storeroom Suggested Responses systems and procedures vendors work-in-process
Página 108 - ... to bidding by vendors: a. Verify the amount of an order for which bidding is required. b. Find out what procedures are followed in obtaining bid requests. c. Check the form of bids (sealed, oral, etc.). d. Summarize the methods of selecting vendors. F. Checking Purchasing Department Forms. 1. Secure a copy of each specialized form used by the purchasing department. These should be studied so that their purpose and usage are thoroughly understood. G. Test-Checking Purchases. 1. Examine all purchase...
Página 277 - Designers of a management information system attempt to maximize the use of common data to satisfy the information requirements of many managers. A management information system accumulates, processes, stores, and transmits data to "relevant" people in the organization, informing them and thereby becoming "information.
Página 111 - Orders, did some operating department really assume the purchasing function? • lf orders are placed for such items as memberships, just what is gained by clearing these through purchasing routines? • Are there any indications of favoritism to vendors? • Where changes are made from original specifications in a requisition or order, are these adequately approved and brought...
Página 107 - Department staff, and company manuals. Where policies are lacking or indefinite, there may be weakness in control, duplicating fields of responsibility, or other deficiency that will be evidenced in the course of the review.
Página 109 - Department, the reviewer will have a twofold concern: first, the effect that the inclusion of these operations under the responsibility of the Purchasing Department will have, as far as internal control is concerned; second, the review of the assigned collateral operations.