Operational Review Workbook: Case Studies, Forms, and Exercises
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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Chapter 1 Overview of Operational Reviews
Chapter 2 Planning Phase
Chapter 3 Work Program Phase
Chapter 4 Field Work Phase
Chapter 5 Development of Review Findings
Chapter 6 Reporting Phase
Other editions - View all
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