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7 Steps to Increasing Gross Profit

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John B.
7 Steps to Increasing Gross Profit

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We will discuss how inefficiencies in planning and blind spots in cross-functional workflow create costly blind spots that impact gross margin.

Matt Newcomb will walk the group through a real-world example of how the following seven were successfully applied to a mid-market manufacturing business.

7 Steps to Increasing Gross Profit

  1. Start with pain – Identify what's costing money today (confusion, rework, misalignment).
  2. Quantify the loss – Make the financial impact visible so the business can prioritize.
  3. Bridge the silos – Bring cross-functional teams together with technical leads to improve planning and execution.
  4. Target enhancements, not transformations – Fix the key drivers of value leakage without boiling the ocean.
  5. Establish truth in data – Eliminate conflicting reports and build a shared version of reality.
  6. Empower people, not just systems – Align and enable the teams closest to the problem.
  7. Use wins to fund more wins – Create a repeatable, self-funding model that delivers Agile ROI.

Our goal is an engaging conversation focused on understanding the root causes of recurring issues and the impact of these on organizations.

Pizza and wine will be served.

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D365 Finance & Operations Network
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Ascent Innovations
475 N. Martingale Road · Schaumburg, IL
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