Our business analyst provides a comprehensive and exhaustive business review, both from the perspective of how the business is performing in relation to prior years, and how it is performing in relation to other companies of a similar type and size. You will see your business as you have never seen it before. From this comparative review a business owner is able to clearly understand the obstacles standing in the way of achieving the business’ maximum potential. More importantly, the business analyst will discuss with you what methods, systems, procedures, controls and incentives are needed in order to reach your goals and objectives.
The process begins with an opening interview, which takes approximately an hour to
an hour and one-
On the basis of your opening meeting, the business analyst conducts a quantitative and qualitative review of your business, identifies problem areas and appraise their effect on the revenue and profit of your business. Examples of what the business analyst reviews include:
Operations: How often do you receive operating statements and what key information is tracked and utilized to measure productivity?
Administration: Is there a developed percentage basis budget? If so, how are the
results tracked? Do administrative systems and procedures meet current requirements?
If not, what are the ramifications of non-
Material Cost: What effects do waste and rejects have on material costs and how do these affect margin contribution? Who is responsible for negotiating material contracts, managing costs and overrun controls? How are these employees measured and held accountable in their performance of their jobs?
Labor Cost: How does labor cost fluctuation affect production scheduling? How do you compensate for work center loading? What effect does overtime have on profitability and how does this factor in the decision to add or maintain personnel?
Overhead: How is overhead application accounted for in the pricing matrix and what methodology is used to track and measure the implications of adding overhead costs to cash flow requirements and profitability?
Incentives: Is there a productivity-
Productivity: Are there established quantifiable productivity standards? How are productivity based performance standards measured?
Cost Controls: Are costs measured and compared to predetermined standards? What systems or procedures are in place to control costs and quantify results?
Material Flow: How is material throughput analyzed and what effect does it have
on productivity and waste? Does a perpetual inventory record for raw materials, supplies,
Cash Flow Management: Is there a system in place to forecast and manage payables and receivables to maximize current assets and increase vendor leverage?
Tax Planning: Is after tax income maximized with proper planning? Is your estate plan structured to minimize estate taxes?
Sales and Marketing: Are you able to determine margin contribution and operating profit by salesperson, product, product line and territory? Are you getting a reasonable return on your advertising and promotion investment? How do you quantify your return?
Web Site: How does your Web presence enhance marketing objectives? What type of search engine optimization (SEO) are you utilizing? How is the success of those efforts measured?
Any Other Unique Concerns: What other issues impede your ability to create a good quality of life for yourself and your employees?
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