Description

Select a cost basis method

What would be the total overhead cost per order according to the activity based costing system?

Which inventory cost flow method more closely matches the current cost of replacing inventory with the Cost of Goods Sold when prices are changing?

...Find the answers to these, and more, questions with this FIFO Method Toolkit:

Set the Cost of Inventory.
Prepare ahead of a physical inventory count.
Realize the accounting and reporting of inward and outward expenses.
Know which method to choose.
Prepare for them to leave again.
Manage your teams and relationships with vendors.
Solve the smaller version of the problem.

HOW THIS TOOLKIT WORKS:

Save time, empower your teams and effectively upgrade your processes with access to this practical FIFO Method Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any FIFO Method related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated FIFO Method specific requirements:

STEP 1: Get your bearings

Start with...

The latest quick edition of the FIFO Method Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.

Organized in a data driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…

Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

Then find your goals...

STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 992 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which FIFO Method improvements can be made.

Examples; 10 of the 992 standard requirements:

Have you seen a circumstance in which a deal with a large investor to achieve a fast first closing scared off later investors due to outside influence on the teams investment process or governance?
How does your organization predict the optimum level of inventory necessary to meet internal needs or customer demand while keeping the level of reserve inventory or safety stock to a minimum?
Do you know in a fairly precise sense the data used by each application and do you place a value on that data. Is it a database with credit card numbers or is it inventory control software?
How do you adapt your planning policies ( as service, stocking and placement) and processes ( as movement of inventory from supply to customer) to the rapidly changing marketplace demands?
Is excess equipment identified and reported to your organizationwide Inventory Management Program of your organization of General Services for transfer or disposal on a timely basis?
Does the system provide sufficient transaction audit trails to support balances of inventory shown on your organizations general ledger and changes in the already stated balances?
Does your organization use information technology and various types of software with the aim of completing orders from customers / users (choose one of the most complete answers)?
Is your sales team armed with the business information it needs as past customer purchase history, current inventory levels and service issues to sell to the customer effectively?
Can new conditioning technologies enable floating inventory management concepts and how can developments in predictive quality-change models assist in realizing dynamic control?
How often the spares catalog, showing all stock items, locations, economic order quantities, (EOQ) ReOrder (RO) Points, safety inventory level, will be reviewed and updated?

Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:

The workbook is the latest in-depth complete edition of the FIFO Method book in PDF containing 992 requirements, which criteria correspond to the criteria in...

Your FIFO Method self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:

The Self-Assessment Excel Dashboard; with the FIFO Method Self-Assessment and Scorecard you will develop a clear picture of which FIFO Method areas need attention, which requirements you should focus on and who will be responsible for them:

Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
Gives you a professional Dashboard to guide and perform a thorough FIFO Method Self-Assessment
Is secure: Ensures offline data protection of your Self-Assessment results
Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:

STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage FIFO Method projects with the 62 implementation resources:

62 step-by-step FIFO Method Project Management Form Templates covering over 1500 FIFO Method project requirements and success criteria:

Examples; 10 of the check box criteria:

WBS Dictionary: Where engineering standards or other internal work measurement systems are used, is there a formal relationship between corresponding values and work package budgets?
Executing Process Group: Were sponsors and decision makers available when needed outside regularly scheduled meetings?
Schedule Management Plan: How relevant is this attribute to this FIFO Method project or audit?
Team Member Performance Assessment: How is your organizations Strategic Management System tied to performance measurement?
Scope Management Plan: Has a structured approach been used to break work effort into manageable components (WBS)?
Activity Duration Estimates: Are procurement documents used to solicit accurate and complete proposals from prospective sellers?
Quality Metrics: Did the team meet the FIFO Method project success criteria documented in the Quality Metrics Matrix?
Procurement Management Plan: Is the FIFO Method project sponsor clearly communicating the business case or rationale for why this FIFO Method project is needed?
Requirements Management Plan: How will you communicate scheduled tasks to other team members?
Team Performance Assessment: To what degree does the teams work approach provide opportunity for members to engage in results-based evaluation?

Step-by-step and complete FIFO Method Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:

1.1 FIFO Method project Charter
1.2 Stakeholder Register
1.3 Stakeholder Analysis Matrix

2.0 Planning Process Group:

2.1 FIFO Method project Management Plan
2.2 Scope Management Plan
2.3 Requirements Management Plan
2.4 Requirements Documentation
2.5 Requirements Traceability Matrix
2.6 FIFO Method project Scope Statement
2.7 Assumption and Constraint Log
2.8 Work Breakdown Structure
2.9 WBS Dictionary
2.10 Schedule Management Plan
2.11 Activity List
2.12 Activity Attributes
2.13 Milestone List
2.14 Network Diagram
2.15 Activity Resource Requirements
2.16 Resource Breakdown Structure
2.17 Activity Duration Estimates
2.18 Duration Estimating Worksheet
2.19 FIFO Method project Schedule
2.20 Cost Management Plan
2.21 Activity Cost Estimates
2.22 Cost Estimating Worksheet
2.23 Cost Baseline
2.24 Quality Management Plan
2.25 Quality Metrics
2.26 Process Improvement Plan
2.27 Responsibility Assignment Matrix
2.28 Roles and Responsibilities
2.29 Human Resource Management Plan
2.30 Communications Management Plan
2.31 Risk Management Plan
2.32 Risk Register
2.33 Probability and Impact Assessment
2.34 Probability and Impact Matrix
2.35 Risk Data Sheet
2.36 Procurement Management Plan
2.37 Source Selection Criteria
2.38 Stakeholder Management Plan
2.39 Change Management Plan

3.0 Executing Process Group:

3.1 Team Member Status Report
3.2 Change Request
3.3 Change Log
3.4 Decision Log
3.5 Quality Audit
3.6 Team Directory
3.7 Team Operating Agreement
3.8 Team Performance Assessment
3.9 Team Member Performance Assessment
3.10 Issue Log

4.0 Monitoring and Controlling Process Group:

4.1 FIFO Method project Performance Report
4.2 Variance Analysis
4.3 Earned Value Status
4.4 Risk Audit
4.5 Contractor Status Report
4.6 Formal Acceptance

5.0 Closing Process Group:

5.1 Procurement Audit
5.2 Contract Close-Out
5.3 FIFO Method project or Phase Close-Out
5.4 Lessons Learned

Results

With this Three Step process you will have all the tools you need for any FIFO Method project with this in-depth FIFO Method Toolkit.

In using the Toolkit you will be better able to:

Diagnose FIFO Method projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
Implement evidence-based best practice strategies aligned with overall goals
Integrate recent advances in FIFO Method and put process design strategies into practice according to best practice guidelines

Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make FIFO Method investments work better.

This FIFO Method All-Inclusive Toolkit enables You to be that person.

Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.

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Checklists:

Checklists:FIFO Method Checklist Report on ORGANIZATION.pdf

Checklists:FIFO Method Checklist Report on SYSTEM.pdf

Checklists:FIFO Method Checklist Report on VENDOR.pdf

Checklists:FIFO Method Checklist Report on SERVICE.pdf

Checklists:FIFO Method Checklist Report on CONTROL.pdf

Checklists:FIFO Method Checklist Report on MANAGEMENT.pdf

Checklists:FIFO Method Checklist Report on INVENTORY.pdf

Checklists:FIFO Method Checklist Report on STOCKING.pdf

Checklists:FIFO Method Checklist Report on STOCK.pdf

Checklists:FIFO Method Checklist Report on WORK.pdf

STEP 1 Get your bearings:

STEP 1 Get your bearings:FIFO_Method_Quick_Exploratory_Self-Assessment_Guide.pdf

STEP 1 Get your bearings:FIFO Method Self-Assessment Pre-Filled EXAMPLE.xlsx

STEP 2 Set concrete goals tasks dates and numbers you can track:

STEP 2 Set concrete goals tasks dates and numbers you can track:FIFO Method Self-Assessment.xlsx

STEP 2 Set concrete goals tasks dates and numbers you can track:FIFO_Method.pdf

..and the Project Management resources in 'STEP 3: Implement, Track, follow up and revise strategy' as described above.

Who This Toolkit Is For

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These skills will enrich every part of your life.

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Tried:

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