Review of Excel Modeling in Management | Business Management ...

February 5, 2012 ? 4:25 am

I came across one of the best books in Excel business management modeling in the world. Having gone through some other excel business modeling books, this book is much better than all of them. The book name is ?Excel models in Business and Operations Management?. The author is John F. Barlow and the publisher is Wiley.

The main features which set this book apart from other modeling books is its detailed modeling on all areas of management ? finance, cost accounting, marketing, inventory, production, project management and decision analysis. For each area, first the basics of the theory have been covered very nicely. Then, the excel models for common problems in each business management area have been built. Prints of the actual excel models have been shown. Details of formula in each cell of the excel model have been illustrated very clearly. Thus, one can understand the excel models very easily from the book.

Moreover, the author gives a website where all the excel models of the book can be downloaded for free. This means, one can go through the book and open the actual model in Excel and understand it no time.? This book correctly reflects the popularity of excel in business management practices around the world. The main approach is ? ?learn by example? where the book guides through the complexities of model building.

There is also one chapter in the book which teaches how to build a complete ?purchase order processing application? from scratch. Macros programming using buttons and drop-down menu bars are done. How to make the connection to the access database is also shown. This kind of applications building methodology is known as ?Excel Visual Basic for applications?. This involves programming in excel at the most complex level. This has been very nicely taught in the ?purchase order processing application? chapter. Anyone who goes through this book completely will definitely become one of the best business analysts in the world.

About the Author ? My name is Ram Shukla. I am a MBA teacher in the area of Business Management. I have 12 years of experience. I have a Masters in Industrial Engineering from Texas A&M University, College Station, USA. I am available for consulting in the areas of Quantitative Methods (Statistics, Operations Research), Business Modeling, Project Management, Operations Management, International Trade (export-import), enterprise resources planning and Financial Management. If you are interested in contacting the

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