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Dangerous Manufacturing Rules of Thumb Find out how fixed and variable cost confusion, counting profit as a percentage of sales, over focusing on cost management and product cost, and pursuing return on investment the wrong way can hurt your facility and your profits. Apr 30th, 2021 In today’s data rich world, managers have little excuse to rely on “rules of thumb” except for habit and convenience; but these are surprisingly powerful forces. A history of success and survival creates confidence in rules of thumb, and often managers don’t recognize the fundamental changes that are occurring. Recognize your decision biases, and ensure decisions are based on data and facts with clear causal relationships to resources, operations, and economics. Let’s explore a few common “rules of thumb”.

Larry whiteInstitute of management accountantsResource consumption accounting instituteManagement accountantsRevenue management fundamentalsExecutive directorலாரி வெள்ளைநிறுவனம் ஆஃப் மேலாண்மை கணக்காளர்கள்வள நுகர்வு கணக்குவைப்பு முறை நிறுவனம்மேலாண்மை கணக்காளர்கள்வருவாய் மேலாண்மை அடிப்படைகள்நிர்வாகி இயக்குனர்