Speed-Based Target Profit Planning and Developing Synchronous Profitable Operations

Profitable production planning is and will remain an eternal challenge to ensuring the prosperity and dignity of companies in a global market. Even though there are different approaches to achieving the target profitability through productivity in the production planning stage, these approaches do not guarantee consistent planning, creation, and sustenance of synchronous profitable operations for multiannual and annual target profit. In feedback to this predicament, Alin Posteuc? develops a new system called speed-based target profit (SBTP).

SBTP is the profitable production management and manufacturing improvement system that approaches production planning to achieve unit speed of target profit for target products through manufacturing cost improvement and bottleneck profitability control for maximum takt time. Managers and practitioners within manufacturing companies will discover a practical approach for cost down and cash up by applying a powerful operational profitable production planning formula to meet profitability expectations through productivity based on strong leadership with the help of a specific system for feedforward, concurrent, and feedback control. Therefore, the SBTP system in this book presents a holistic approach to profitability for target products and the development of its own mechanism since the acceptance of each order from customers to achieve continuous synchronization of all manufacturing processes to market requirements, profitability management, and profitable production planning.

The uniqueness of the book is reinforced by a detailed presentation of the successful application of the SBTP system in two case studies, as a way of life and a unit speed of target profit improvement ethos at all hierarchical levels, in two multinational manufacturing companies operating in highly competitive markets in order to address the synchronous profitable operations for both the sales increase scenario and the sales decrease scenario.

By adopting the SBTP system, your company will be able to consistently achieve unit speed of target profit in the bottleneck process for fulfilling annual and multiannual target profit as a unique and effective way through a new profitable production planning paradigm that operates according to its own production system.

Figures. Tables. List of Abbreviations. Preface. About the Author. Introduction. Section I Understanding Speed-Based Target Profit. Chapter 1 Changing The Production Planning Paradigm. Chapter 2 Develop Your Speed-Based Target Profit Mechanism and Start to Live It. Section II Planning Synchronous Profitable Operations. Chapter 3 Support Striving for Speed-Based Target Profit. Chapter 4 Feedforward Control for Production Planning and Scheduling. Section III Developing Synchronous Profitable Operations. Chapter 5 Concurrent and Feedback Controls. Chapter 6 Speed-Based Target Profit Case Studies. Bibliography. Index.

Alin Posteucă, Ph.D, is a management consultant in profitability, productivity and quality and CEO of Exegens Management Consultants (Romania). Prior to this position, he held top management positions in manufacturing and service companies.

His major research areas include manufacturing policy deployment, manufacturing cost improvement, and profitability of operational excellence. His recent research includes the impact of Industry 4.0 on the information systems of cost and budget in order to substantially improve the operational unit costs. He has been actively involved in various industrial consulting and training projects for more than 20 years in Romania.

He has an MBA degree (University of Iasi, Romania). He received his Ph.D. in managerial accounting from the Bucharest University of Economic Studies (Romania). Also, he received his Ph.D. in industrial engineering from the Polytechnic University of Bucharest (Romania). He is certified public accountant in Romania.

He has published in various research journals and presented papers at numerous conferences and congresses regarding productivity, manufacturing cost improvement and industrial engineering. He is the co-author of Manufacturing Cost Policy Deployment (MCPD) and Methods Design Concept (MDC): The Path to Competitiveness (2017, Productivity Press/CRC Press, USA). Also, he is the author of Manufacturing Cost Policy Deployment (MCPD) Transformation: Uncovering Hidden Reserves of Profitability (2018, Productivity Press/Routledge, USA) and Manufacturing Cost Policy Deployment (MCPD) Profitability Scenarios: Systematic and Systemic Improvement of Manufacturing Costs (2019, Productivity Press/Routledge, USA).