A profit map, the core analytical tool of profitability management, displays the profitability and cost structure of every product in every customer in the company. Profit maps show exactly where profit is flowing and where it is lost.
A profit map is not especially difficult to develop, but it is completely different from the information developed for financial reporting. Many finance managers make the … [ Read more ]
Author: Jonathan Byrnes | Source: “3 Steps to Turbo Charge Profits” | Original Publication: Business Finance | Subjects: Accounting, Finance, Management, Operations