Cost Management Consulting

Cost Management Consulting ,[object Object],[object Object],[object Object]

Current Economic Conditions $ Time Where is your business? Revenue Cost Profit Loss

Critical questions regarding your cost ,[object Object],[object Object],[object Object]

Do you know exactly what your cost is? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Activity-based costing (ABC) is an accounting method that allows businesses to gather data about their operating costs. Costs are assigned to specific activities—such as planning, engineering, or manufacturing— and then the activities are associated with different products or services.

Is your cost competitive? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Cost Engineering - a branch of industrial engineering concerned with cost estimation, cost control, business planning and management, profitability analysis, and project management, planning, and scheduling.

Do you have a process to systematically reduce your cost? ,[object Object],[object Object],[object Object],[object Object],[object Object],Target Cost - the maximum amount of cost that can be incurred on a product and with it the firm can still earn the required profit margin from that product at a particular selling price. Kaizen Cost - The process of continual cost reduction that occurs after a product design has been completed and is now in production. Cost reduction techniques can include working with suppliers to reduce the costs in their processes, implementing less costly re-designs of the product, or reducing waste costs.

Goal is to avert profit loss starting today! $ Time Revenue Cost Profit Today

Next Steps ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Cost Management Consulting

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Similar to Cost Management Consulting

Similar to Cost Management Consulting (20)

Cost Management Consulting