Feb21
Using Excel for Data Analysis
Professional statisticians typically have powerful software at their disposal to perform advanced analyses and create slick graphs. But many professionals in the quality field don't enjoy that luxury due to a limited budget. Fortunately, many occasional data analysts already own versatile software capable of providing most basic quality analyses — Microsoft Excel.
CGA-Canada
Feb21
Why Forecasts Are Wrong
In his blog, Mike Gilliland provides four reasons that forecasts are wrong. This may help us better understand the nature and limitations of forecasts.
CGA-Canada
Jan19
7 Pricing Strategies that Improve Profit
This article, from Concept Marketing Group, provides an overview of seven pricing strategies. A higher or lower price can dramatically change both gross margins and sales volume. This indirectly affects other expenses by reducing storage costs, for example, or creating opportunities for volume discounts with suppliers.
CGA-Canada
Jan19
Economic Value Added
This article, on the Accounting Tools website, explains that Economic Value Added shows the incremental rate of return in excess of a firm’s total cost of capital. It is extremely important to break down the drivers of the measurement in order to determine what parts of a company are keeping the measure from reaching its maximum potential.
CGA-Canada
Jan3
Activity-Based Costing
It took just a short time for Activity-Based Costing (ABC) to be recognized as an innovative and potentially valuable costing methodology; yet it took another 20 years to reach its full potential. This article — by Peter B. B. Turney, PhD, of Cost Technology, Inc. — examines the evolution of ABC.
CGA-Canada