Business & Economics Link to heading

To have track of the health of your enterprise, you’ll be adviced to have a Balanced Score Card. But here in the ‘Verse, we talk about the Balanced Score Sheet.

What Is a Balanced Scorecard? Link to heading

The balanced scorecard (BSC) is a strategic planning and management system used by organizations to:

• Communicate what they are trying to accomplish
• Align daily work with strategy
• Prioritize projects, products, and services
• Measure and monitor progress towards strategic targets

The term “balanced” refers to the inclusion of strategic measures in addition to traditional financial measures to get a more complete view of organizational performance.

Originally developed as a performance measurement tool, the BSC has evolved into a comprehensive framework for managing strategy. One of its key strengths is its ability to “connect the dots” across the organization—linking individual and team activities, performance metrics (KPIs), strategic objectives, and the organization’s mission and vision in a clear, integrated way.

What Is a Balanced Scoresheet? Link to heading

The balanced scoresheet (BSS) is a strategic planning and management system used by NOMAN’s Scrap to:

• Communicate what we accomplish
• Align work with strategy
• Prioritize products, commodities and services
• Measure and monitor progress towards strategic targets

Balance Sheet & Trade Log Link to heading

To keep track on our enterprise, we utilize a relative simple “Trade Log” for our TradeRuns.

This “Trade Log” will convert in the “Analysis” tab into a BSS or simply just a report. The most important “Actions” are:

• ‘We Buy’ > to log, what commodities we buy where to what price at what inventory status at the buying location
• ‘We Store’ > to log, what commodities we store where, especially on mass trading, when ‘store location’ is not the same as ‘selling location’
• ‘We Sell’ > to log, what commodities we sell where to what price at what inventory status at the selling location
• ‘Epense’ > to log, refueling, repairing and other expances to have a clear idea on milage and operation costs

Trading Protocol - Accounting Link to heading

In our “TradeRun Analysis” we give you the protocol for a Mass TradeRun per the commodity you’re trading. This gives you an idea of the potential if you scale your enterprise.

The protocol will list your commodity with classification and:

• ‘Max Inventory’ (amount of SCU available) at the buying location with the best price
• The maximum invest, if you would buy all of that commodity at that location
• ‘Out of Stock’ (amount of SCU able to sell) at the selling location with the best price
• The maximum revenue, if you would sell all of that commodity at that location
• the ratio of how many times you need to buy all to sell all (buy:sell) per commodity
• the resulting profit before taxes and expenses

Trading Spots Link to heading

You’ll have at least two trading spots. One, where you buy commodities and second, where you sell commodities.

Name and faction owner of the location as well the median costs / SCU and invest / batch based on your trade log.

Name and faction owner of the location as well the median price / SCU and revenue / batch based on your trade log.

Trading Log - Accounting Link to heading

In the trading log - accounting section you’ll find the summary of invest, revenue and profit or loss respectively.

Loosing Log - Accounting Link to heading

In this section you’ll find all the losses listed per commmodity / code. Here you can identifiy, if you lost, got robbed or have commodities stored but not sold yet.

Reference Link to heading