The Algorithm Blog

A Farewell Message from Rick DeBusk

“The moving finger writes, and having writ, moves on…” — The Rubaiyat of Omar Khayyam

Forty-five years have elapsed since I began a career in manufacturing working as an injection molding machine tender on the midnight shift. Events, education, and experiences led into a position as a manufacturing applications consultant some twenty years ago. I will be retiring from full-time consulting at Algorithm effective December 31, 2018. Barb and I plan to devote more time to family, volunteer work, and travel.

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Common Size Financial Statements—It's a Matter of Perspective

Grand Canyon Aerial vs. Ground (1)
As I am flying over the Grand Canyon, it looks completely different than standing on its rim.  Granted, from both perspectives, it is a really big hole. 

But flying over it gives a fuller sense of the enormity of this natural wonder and the events that created it. 

Sometimes a different perspective helps us understand things better.  Looking at comparative financial statements gives us one perspective, but looking at a common-size statement can help us learn something new. 

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Webinar Recording: Applying Strategic Management to the Budgeting Process

Planning any project makes it go smoother. Budgeting is no different. 

Our Dennis Easter leads this educational webinar where he explores how applying project management to the budgeting process brings this oft dreaded process to a successful, repeatable conclusion. Areas of focus include scope, resources, and technology. 

Dennis is a financial planning and analysis connoisseur and Business Applications Consultant with Algorithm who has helped a multitude of companies with their budgeting strategy and development.

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Webinar Recording: Sales and Revenue Planning with Prophix

Sales revenue is the lifeblood of every business, but being able to plan your sales and revenue outcomes is a daunting task if you don’t have the right tools in place to help predict the future.

Constraints from data silos and manual processes are a thing of the past. You need a competitive advantage to impact your sales and revenue decisions.  In this webinar Algorithm and Prophix dive into ways you can:

- Gain greater visibility into revenue 
- Create assumptions to monitor forecasts and revenue anomalies
- Use workflows to create a single version of the financial truth
- Run rolling forecasts and what-if scenarios for multiple views
- Integrate real-time data adapting to market changes such as currency rates, interest, production levels and payments

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The Dangers of Budgets Developed without Strategy

Budget….ugh. 

Rarely has a budget been seen in a positive light.  In personal finance, it is just a yoke that keeps you from doing the things you want like taking a vacation or buying a fishing boat. 

In business, it is just an annual, time-consuming exercise that often yields little more than a hammer for your manager to use to justify declining your conference request. 

Or it becomes a tool for the sales manager to stir up the sales force that hasn’t “made their numbers”.  I am willing to go out on a limb and say that those budgets probably follow the traditional process of “last year + 10% on revenue and 5% on expenses” method.  They are just meaningless numbers on a spreadsheet.

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Are "Silos of Data" Really that Big of a Deal for Organizations?

Posted on May 10, 2018 by David Dozer

The short answer is kind of. 

But then this would be the shortest article ever written probably, and some folks might not find “kind of” to be a very fulfilling answer to the question posed.

Over my 15+ years of experience in the Enterprise Resource Planning (ERP) world I’ve worn many hats and done everything from management to consulting to sales engineering, and I have to say that the term "Silos of Data" is probably one of the most commonly used analogies in the business. 

It’s especially used pervasively in white papers and sales engagements because the visual image that literal silos full of data evokes is frightening to C-level decision makers everywhere!

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Asking "Why?" for Business Process Improvements—Where to Start

In my first post in the series on “Asking Why”, we covered how asking why is the key to unlocking business process improvements. So, once you know that it is important to ask why, the next logical question is, “where do we start?”

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The Importance of Inventory Accuracy

For manufacturers and distributors, product availability (i.e. inventory) is the driver of almost all revenue-generating activity.  Next to fixed assets (property, equipment), inventory represents the biggest outlay of capital.

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Creating and Using the RIGHT Business Measurements 

The great management thinker Peter Drucker has been quoted as saying “you can’t manage what you can’t measure”.  True, and if you can’t manage it, you at least need to know what impact it can have on you and your business.  But what about the things you can measure?

Then you change one little word and have, “you can’t manage what you don’t measure”. But, just because you can measure something, should you?  Does the measurement provide value for the organization? 

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Physics and Financial Reporting

One of my downtime activities is doing dot-to-dot puzzles.  Not the ones of puppies or sail boats from elementary school, but 1000 dot recreations of classic art masterpieces or landscapes.  I love connecting the dots and seeing a new picture emerge. 

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