Lunch and Learn: Balancing labor costs and net profit
The increasing costs of maintaining a qualified work force, plus the rising cost of materials and regulations has created for many companies a tightrope balancing act between these costs and profit!
In this session we will discuss ideas for how manufacturers can “walk” the tightrope:
- Ideas for employee retention that won’t “break the bank”
- Tools and reports to help you understand your true labor costs
- Why getting the gross margin right is critical to your bottom line – Net Profit
Nancy Rumfelt Bio:
As a seasoned controller with three plus decades of experience, Nancy’s skills include financial statements, process analysis, KPI development, budgeting and implementation of accounting systems. Nancy has also developed a knack for understanding manufacturing operations, processes, cost accounting and has become adept at assessing what the issues are and developing solutions.
She has helped companies implement new software such as Sage 100 and Microsoft Navision, restructure cost accounting procedures, develop and implement inventory management processes, and has also taught classes for Quickbooks and Sage 50. Her experience has included both small and large companies in industries such as food manufacturing, retail and injection molding.
Nancy has a Bachelor of Science in Accounting & Finance and graduated Magna Cum Laude from Regis University. She also served in the United States Navy from 1979-1984 as an Aviation Storekeeper with the final rank of E-5.
Lunch sponsorship available, contact Christine Juker with interest.
Limited seating, please note that manufacturers will be given first priorirty.
Please contact Christine Juker, NocoMfg@gmail.com with questions.