Understanding Profits Through BPM

Topics:
Business Process Management
Tags:
BPM,
Sales Strategy,
Sales,
Profitability,
Penton Media Inc.,
Operational Planning,
Operational Accounting,
It Operations,
Finance,
Enterprise Software,
...
Source:
Penton Media

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Overview: Revenue minus costs equals profit. The equation is concise, simple and misleading, as most everyone who's analyzed profitability in detail can attest. Most companies have a pretty good idea of how much they spend on raw materials for each widget they produce. But those that dig no deeper into profitability than subtracting these direct costs from gross revenue are asking for trouble. The article depicts that many companies are using their Business Performance Management (BPM) software to evaluate profitability by product or service line, brand, customer segment, and sales or service channel.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: HTML | Date: Oct 2005 | Pages: 9

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