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Operational Review: Maximum Results at Efficient Costs, by Rob Reider
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- Shows in a step-by-step manner how an operational review should be conducted.
- Demonstrates the differences between an operational and financial audit.
- Details how to identify which organizational systems are detrimental to a corporation's growth.
- Shows how to judge the results and make recommendations to management.
- Provides blank and sample forms required for conducting a comprehensive operational review.
- Sales Rank: #2628399 in Books
- Published on: 2002-08-13
- Original language: English
- Number of items: 1
- Dimensions: 9.43" h x 1.35" w x 6.20" l, 1.61 pounds
- Binding: Hardcover
- 394 pages
Review
"...an invaluable addition to professional libraries..." (International Accountant, July 2006)
From the Inside Flap
Operational reviews enable an organization to function economically, efficiently, and effectively-that is, to maximize operating results at minimum cost, using the most efficient methods. The Third Edition of Rob Reider's popular Operational Review: Maximum Results at Efficient Costs helps readers understand the basic principles underlying the operational review process, focusing on implementing best practices and identifying the type of review appropriate for each organization, department, function, or activity.
Reider thoroughly addresses basic questions such as when to perform an operational review, how to perform a review efficiently and effectively, how a review can effect positive change, and how to identify and implement best practices in a formalized program of continuous improvements. With the relentless demand for profit and stock value, management, in its quest for quick fixes, may be reluctant to devote time and money to an operational review; however, Reider explains that rather than a cost center, an operational review is in fact a profit center, typically resulting in annual savings of at least three to four times its initial expense. He analyzes a variety of types of operational reviews, including those that scrutinize:
* Sales of products or services
* Manufacturing or production of services
* Billing, accounts receivable, and collections
* Inventory: raw materials and finished goods
* Purchasing, accounts payable, and payments
* Other costs and expenses: general administrative and selling
He emphasizes that a review is less a critical evaluation of what a particular function is doing or not doing and more an appraisal of what needs to be done to help the function realize its goals and achieve maximum efficiency. Operational Review examines reviews as independent procedures, as well as reviews performed in tandem with benchmarking, activity-based management, total quality management, and reengineering.
Operational Review: Maximum Results at Efficient Costs, Third Edition removes the mystery from the review process, making reviews a practical, doable tool to increase an organization's efficiency as well as its profit margin. CEOs, operations management and staff, internal and external consultants and auditors, CFOs and controllers, and other organizational stakeholders will find Reider's peerless guide an invaluable addition to their professional libraries.
From the Back Cover
Maximize operating results at minimum cost, using the most efficient methods
The effectiveness of even the most efficient departments or organizations inevitably decays over time. Far from a simple critique, an operational review identifies what current practices have lost their usefulness and what new best practices can be implemented to ensure a function achieves its goals. Rob Reider's Operational Review: Maximum Results at Efficient Costs, Third Edition examines reviews from every angle, showing each organization how to choose and implement the right review for them.
At its heart, an operational review appraises management's conformity with desired plans and allocation of resources. Reider's easy-to-use guide will help readers:
* Understand fundamental review principles
* Understand the purpose and mechanics of conducting a review
* Identify the relationship and differences between operational reviews and other procedures, such as benchmarking, activity-based costing, and reengineering, and how these procedures can be used together to identify best practices in a program for continuous improvement
* Increase the skills and abilities needed to conduct a review
* Increase awareness of review opportunities
* Improve capability to perform reviews
The third edition of this proven, popular study will guide your organization through the review process from start to finish, so that the review can be performed most economically and efficiently to maximize review results.
Most helpful customer reviews
0 of 0 people found the following review helpful.
Five Stars
By John Grundy
good experience
3 of 3 people found the following review helpful.
Complete disappointment
By Evgeny Savenko
It is obvious that I am not a target audience of this book, as it was a complete disappointment. It is written form a consultant point of view (no wonder - the guy IS a consultant), and more seems to be a "how to become a successful consultant" manual than an actual tool for the managers to get to know their operations.
It you need an hands-on practical manual on operations review - it is probably wrong choice.
0 of 0 people found the following review helpful.
Book for class
By EJ
I'm new to the operational reviewer field. I am taking classes to become a Certified Internal Auditor and this book was required for one of my classes. After the first few chapters, I think the book is very well organized and grounded as a framework for a operational reviewer career.
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