Justification of vendor ROI

by | Jul 27, 2021 | Homework Help

Justification of vendor ROI for a major equipment used in radiology. The work is to be 8 pages with three to five sources, with in-text citations and a reference page. The report also highlights the relationship between cost justification and return on investment in detail from the managerÂ’s point of view providing justification for the feasibility of the capital purchase or investment decision to be made to the Vice president of the company.

Variance report is a method of communicating the performance of the company between the executives. A comparative analysis is conducted by comparing the available set of figures to reach an effective outcome. The sole purpose of the variance analysis is to review the budgetary goals and targets which the company plans to achieve.

The management required to review the monthly budget because the expenses of the salaries were higher and the supplies and equipment which were available in the particular department were comparatively lower than the budget breakup.

A properly formed variance reports includes the overspending or under-spending trends. In this case the hospital is spending more on the salaries of the employees and less on the equipment although the prescribed budget is sufficient to do so. A variance analysis must include proper graphs and figures and it must define the favorable and unfavorable position of a particular decision (Microsoft, n.d.).

A variance analysis must include the comparison of the actual and the budgeted figures. The difference in the variation of the actual and the budgeted figures of the hospital will be clearly predicted to reach to a conclusion.

A variance report identifies the areas which will improve the installation of the Linear Accelerator. The equipment and the vendor from which the equipment will be purchased are discussed in this report. During the analysis the calculation of the cash budget will be analyzed.

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