Value Stream Mapping (VSM) describes a process by charting the materials and information flow of a product or a service along a value chain. Part of Lean Thinking, VSM is a business practice that aims to eliminate waste. This processes was...
A process is an organized group of related activities that work together to transform one or more kinds of input into outputs that are of value to the customer. Within this organized group, activities are related, work toward a common...
The Specialty Gases segment is one of the few markets that has been resilient in this recession and represents an excellent growth path for the independent gas distributor. Critical to success in this marketplace is a professional and knowledgeable specialty gas...
This report, our fourth in a series of articles on activity based business analysis and performance for US gases and welding distributors, examines distribution costs and improving distribution efficiency through Activity Based Costing (ABC).
Manufacturing and selling highpurity specialty gases requires complex resources and represents a significant investment for industrial gas distributors.
This article examines Activity Based Accounting (ABA) for industrial gas distributors. In its broadest terms, ABA involves identifying profitability drivers, including those for revenues and costs, and assigning them to specific physical and business activities.
The Bottom Line is net profit that is arrived at by subtracting all costs and expenses from revenue. It represents profit for the year and it is usually the last line of an income statement.
