Course: Making a Profit in Manufacturing

Description: 

Who should attend:

• Supervisors  •  Team Leaders   •   Lead People  •    Department Heads
• Anyone with budget or financial decision making responsibility

 Think like a CFO !

Should we add another shift?  Can we afford that new machine?  How much should we charge our best  customer for the new widget we are making?  What is the cost of scrap and wasted set-up time?  To know the answers to these and  countless other questions you need to be able to think like a Chief Financial Officer (CFO).

Let’s face it, manufacturers are in business to make money. Through case studies and examples participants will learn how a manufacturer can use financial ratios and other measures of financial performance to monitor its  operations, effectively reduce risk, and maximize return. Topics of discussion will include understanding basic financial statements such as the balance sheet and income statement. We will also learn key performance ratios and how to apply them.