Maximizing Profit: How to Measure the Financial Impact of Manufacturing Decisions Book

	Acknowledgments
	Foreword
	Preface
	Introduction
Sect. I	Manufacturing Activities are Ultimately Expressed in Financial Terms	1
Ch. 1	Operational Improvements Don't Necessarily Translate to Financial Success	3
Sect. II	Exposing the Existing Counter-Productive Performance Measures	13
Ch. 2	The Standard Cost System: Manufacturing's Millstone	15
Ch. 3	Maximizing Gross Profit: Introduction to Optimization Techniques	25
Sect. III	Maximizing Return on Investment (R.O.I.) is the Ultimate Objective: How to Get There is the Great Challenge	33
Ch. 4	Which Operational Objective Will Produce the Most Profit?	35
Sect. IV	Getting the Most From What You Have: Learning How to Manage with Optimization Techniques	51
Ch. 5	Measuring the Financial Benefits of Manufacturing Process Improvements	53
Ch. 6	A New Look at the Make-or-Buy Decision	63
Ch. 7	How to Evaluate New Business with Optimization Techniques	73
Ch. 8	Should We Be a Subcontractor?	83
Sect. V	Selective Growth and System Expansion Using Optimization Techniques	95
Ch. 9	Optimizing the Capital Budget with Better Measurement of the Financial Benefits from Proposed Equipment Additions	97
Ch. 10	Rethinking Traditional Capital Project Ranking Techniques	109
Sect. VI	Illustrating the Aggregate Planning Process	115
Ch. 11	Developing the Aggregate Plan Using Optimization Techniques	117
Ch. 12	Incorporating Lean Manufacturing Activities (and Other Operational Improvements) into the Aggregate Plan	124
Ch. 13	Capital Budgeting Is Just One Step in the Seamless Process	137
Ch. 14	Finalizing the Aggregate Planning Process	147
Sect. VII	Evaluating Multiple Plant Operations Using Optimization Techniques	159
Ch. 15	Measuring the Real Financial Impact of Multiplant Operations	161
Sect. VIII	Summary - Retracing the Steps to Becoming a User of Optimization Techniques	177
Ch. 16	Summarizing OpTek's Journey from Traditional Activities to Optimization Techniques	179
Sect. IX	Appendices	185
App. A	Activity-Based Costing (ABC): Determination of ABC Rates Presented in Chapter 2	187
App. B	Using Excel Solver to Execute the OpTek Algorithm	193
App. C	West Coast Processors: A Case Study	205
App. D	Other Proponents and Applications of Optimization Techniques	213
	Glossary	219
	Index	227