Critical Factor Needs Analysis (CFNA)
What is CFNA?
CFNA is a simple program that provides a means for corporate decisionmakers at the highest level to evaluate and reduce their cost structure.
Similar to the concept of Zero-Based Budgeting, this evaluative approach is designed to objectively analyze an organization in terms of:
- Price and revenue sensitivity
- Variable costs and profit contribution margins
- Fixed costs - both productive and unproductive.
The end result is greater profitability and productivity.
The CFNA approach is built on basic cost-accounting principles, but is tightly structured in a very practical format for even the smallest organizations.
The CFNA Article Series
by Bruce Newman and Douglas Castle
1. The Fundamentals: Ingrained Habits & Primal Fear
2. The Three Components Of Every Business
3. Why Is Dave So Scared?
4. The Nature Of All Revenues And Costs
5. Evaluating Every Cost With A New View
6. The CFNA Process
7. Post Evaluation Actions
8. Monitoring Progress
9. Re-Evaluation
10.Going Forward
The CFNA method has saved companies from bankruptcy and significantly improved profitability in others. It is quick, highly focused and extremely cost effective.
We will identify productive and non-productive costs, leading to improved positive cashflow and productivity.
Contact us about how CFNA can help your company.
Read some of our CFNA blog articles.
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