A Framework for Gross Margin Expansion Through Factory-Specific Financial Health Checks

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@article{1709012,
      author = {John Oluwaseun Olajide, Bisayo Oluwatosin Otokiti, Sharon Nwani, Adebanji Samuel Ogunmokun, Bolaji Iyanu Adekunle; Joyce Efekpogua Fiemotongha},
      title = {A Framework for Gross Margin Expansion Through Factory-Specific Financial Health Checks},
      journal = {Iconic Research And Engineering Journals},
      year = {2021},
      volume = {5},
      number = {5},
      pages = {487-495},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1709012.pdf},
      abstract = {Gross margin expansion remains a critical objective for manufacturing firms striving to maintain competitive advantage and financial sustainability. This paper presents a comprehensive framework for factory-specific financial health checks designed to enhance granular visibility into cost drivers and operational efficiencies at the plant level. Drawing on established theories and contemporary literature, the framework integrates key financial metrics, diagnostic tools, and data sources to enable precise assessment of factory profitability. A pilot case study within a multi-plant organization demonstrates the practical application of the framework, revealing actionable insights that drive significant margin improvements through targeted interventions. The paper further outlines a structured implementation roadmap emphasizing cross-functional collaboration and clear stakeholder roles, while addressing common challenges such as data integration and resistance to transparency. Strategic implications highlight the framework?s value to CFOs, COOs, and enterprise financial management, fostering a culture of data-driven decision-making. Finally, future research directions explore the incorporation of ESG metrics, AI-powered analytics, and real-time financial monitoring to enhance margin optimization in evolving industrial landscapes further.},
      keywords = {Gross Margin Expansion, Factory-Level Financial Health Checks, Manufacturing Profitability, Financial Diagnostics, Operational Efficiency, Data-Driven Decision-Making},
      month = {November},
  }