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Six Sigma Financial Tracking and Reporting: Measuring Project Performance and P&L Impact (MECHANICAL ENGINEERING) - Hardcover

 
9780071458917: Six Sigma Financial Tracking and Reporting: Measuring Project Performance and P&L Impact (MECHANICAL ENGINEERING)

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As Six Sigma and Lean Enterprise techniques continue to evolve and become more and more engrained in the business, it is harder and harder to track the impact of savings on a project by project basis. Especially when you have more than one project concentrating on different functional areas, through the use of case studies, worked out examples, and bench marking techniques, Michael Bremer, a Senior Instructor at Motorola University, helps you to put the right infrastructure in place for project identification, project scoping, and financial reporting.

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McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide

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Move Six Sigma Savings to Your Bottom Line

Most business process improvement activities do not yield the P&L dollar savings impact that executives expect to see. If this is a challenge in your organization, you need Six Sigma Financial Tracking and Reporting. This operating manual shows Master Black Belts, Black Belts, Project Champions, Sponsors, and Six Sigma and Lean Manufacturing/Enterprise practitioners how to increase the yield of savings dollars that hit the bottom line. This is a major challenge for any improvement initiative.

Loaded with advanced yet practical approaches, leadership pearls, and analytical solutions you can use to get more out of your improvement activities, this book:

  • Clarifies why some savings do not have a P&L impact
  • Explains the interplay between Six Sigma savings and business activities
  • Makes it easier for operations managers, accountants, and engineers to speak the same language

Success stories and actions taken at Motorola, Agilent, Allied Signal, General Electric, a private healthcare foundation, and other organizations will hold your interest and provide a steady stream of innovative ideas that will demystify accounting procedures, clarify the role of leadership, and gain more alignment inside the organization.

Achieve a clear line of sight from project savings to financial accounts:
Model for getting savings into the P&L * Designing bridge P&L model structure--Define in DMAIC * Tracking and communicating bridge metrics--Measure in DMAIC * Identifying the things that are "off track"--Analyze in DMAIC * Planning corrections to keep "on track:--Improve in DMAIC * Adjusting the support systems to sustain the P&L bridge--Control in DMAIC * Getting the savings in struggling or transitioning industries

As Six Sigma and Lean Enterprise techniques continue to evolve and become more engrained in business, it is harder to track the impact of savings on a project basis. Through the use of case studies, worked-out examples, and benchmarking techniques, this team of experts from Motorola University helps you to put the right infrastructure in place for project identification, project scoping, and financial reporting. You will be able to:

  • Achieve a clear line of sight from project savings to financial accounts
  • Prove the net worth of your improvement projects to your CFO
  • Find ways to justify cost avoidance on your bottom line
  • Examples of how to financially track Six Sigma projects
  • Establish metrics that represent reality
  • Simplify metrics you use to measure project impact

With this powerful resource you will learn how to get reported roject savings into the P&L, simplify financial reporting, and shepherd projects to successful completion. With this book, your Six Sigma or Lean Manufacturing team can accomplish more projects each year, achieve a superior ROI, and quickly surpass your competitors following traditional improvement approaches.

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Bremer, Michael/McKibben, Brian/McCarty, Thomas
Verlag: McGraw Hill., 2006
ISBN 10: 0071458913 ISBN 13: 9780071458917
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1st ed. 16 x 23 cm. 460 pages. Hardcover. Versand aus Deutschland / We dispatch from Germany via Air Mail. Einband bestoßen, daher Mängelexemplar gestempelt, sonst sehr guter Zustand. Imperfect copy due to slightly bumped cover, apart from this in very good condition. Stamped. Sprache: Englisch. Artikel-Nr. 6229VB

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McCarty Thomas McKibben Brian Bremer Michael
Verlag: The McGraw-Hill Company, 2006
ISBN 10: 0071458913 ISBN 13: 9780071458917
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Michael Bremer, Brian McKibben, Thomas McCarty,
Verlag: McGraw Hill, 2006
ISBN 10: 0071458913 ISBN 13: 9780071458917
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Zustand: New. This is a Brand-new US Edition. This Item may be shipped from US or any other country as we have multiple locations worldwide. Artikel-Nr. ABNR-132797

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Bremer, Michael|Mckibben, Brian|Mccarty, Thomas
Verlag: MCGRAW HILL BOOK CO, 2005
ISBN 10: 0071458913 ISBN 13: 9780071458917
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Gebunden. Zustand: New. The six sigma world requires an effective methodology to track and report cost, savings, expenses, profits, etc. on a project by project basis. This book shows Blackbelts how to apply financial reporting to their process improvement projects, and be certain. Artikel-Nr. 594341705

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