Profit & Loss for Quality

Description

A facilitated work session that provides employees with an understanding of how a company’s profits and losses are measured, and the impact an employee can have on their company’s profits and losses and the connection with process improvement.

Outcome Summary

Participant will be able to:

• Define the terms profit and value added (NACFAM BO 17 and BO 15)
• Read and analyze a profit and loss statement
• Impact company profit through process/continuous improvements (NACFAM BO 1, BO 2, BO3, and QA 4)
• Develop a cost benefit analysis
• Develop a pro-forma profit and loss statement
• Identify customer requirements and their impact on profit (NACFAM BO 6, BO 7, and QA 3)

Recommendation

Management participation in the training insures effectiveness and implementation. Management needs to be involved in developing and verifying outcomes. It has been effective to have a cross-section of your organization involved in this learning activity.

Who Should Attend

Managers, supervisors, office personnel, floor personnel, team leaders, and/or team members

Length

12 hours

Prerequisites

Management commitment
Basic math competency

Learning Environment

Team facilitated activities
Team projects and presentations
Flip charts
Overheads
Notebook with handouts

Maximum/Minimum Enrollment

16/6

Catalog Number

ORGD 101