Value & Volume Analysis: The Power & Profit of Quality Over Quantity!
Julius Afolabi
Results Architect |Premium Business Coach l Value Improvement Strategist I Founder, Value Improvement Academy
To Make Money, Do the Numbers!
To discern Volume, Understand Value!
If you Want to keep your job or Business, You MUST also understand this..
At a level, Everything in Life is Hire and Fire!
Some Experts say Hire SLOW, Fire FAST!
I say, Before your Hire or Fire, Do the Value and Volume Analysis!
Check the Money & Future Worth of the Quantity and Quality!
In any of the above considerations, there is a Financial and Goal Value Consequence!
A simple Case study
Your Business Produces three (3) sets of high demand products A, B, C.
The three product/service earns in USD since Naira(=N=) is dose diving.
A Earns $10 if it is error free per item
B Earns $7 per item if it is error free.
C Earns $5 per item it is error free.
Error Free means Customers buy without complaint and the Profit for the Product is Earned.
Meaning The business makes the complete
$10 for Product A,
$7 for Product B,
$5 for Product C
Two men TAIYE And KEHINDE have worked in This Business for three (3) years and the company published their Contribution Value on the basis of Products Earning to determine who to promote and who to replace.
They both had equal Training, Tools and Resources to deliver Within same time daily.
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Report show that
TAIYE :
A: 2000 Units Produced; No errors.
B: 5000 units Produced; 520 errors.
C: 200 Units produced; 10 Errors.
KEHINDE:
A: 5000 Units Produced; 1500 Errors
B: 3000 units Produced; 600 Errors.
The business wants MAXIMUM Profit and Business value!
She has recruited and Tested Two(2) New candidates and intends an objective REPLACEMENT.
Here is the Report of the Waiting List.
Waiting List:
DELE: 10000 units of C produced.
SHOLA: 6000 units of B produced.
JACOB: 1500 units of C produced
You are part of the Team of professionals that did the Employee Contribution Evaluation..
Julius Afolabi
Founder, Value Improvement Academy
PS: This is Not a real scenario but hypothetically framed by Value Improvement Academy for Participants Business and Profit Management in Our Premium Results Masterclass.
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