While it is pretty known that the concept of ‘cost-per-unit’ is flawed, the nature of the flaw and the possible implications of key decision making is not known.
The workshop would cover the basic flaw of the common cost accounting methods. Then the principles of T, I and OE would be presented and why they are superior performance measurements, and superior information for decision making.
Then the workshop would point to the current boundaries of the T, I and OE knowledge and the reason this simple method has not been spread.
Challenging some basic assumptions is required for coming to the critical new ability to rationally judge an idea by answering the question:
Would the propose idea increase the bottom-line or reduce it?
Proper answer to the question involves translating human intuition into a numerical range and coming up with the full range of reasonable financial results that constitute the best supporting information for the top management team.
Being able to quickly analyze almost any ‘crazy idea’ could open the door for many of the organization employees to feel free to suggest ideas. The outcome of such analysis, based on the best available information, is much better exploitation of the organization critical resources, leading to very high profitability.
This workshop offers the opportunity to understand T, I and OE, both the current knowledge and also the new developments in this field.