Pricing and cost analysis
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Pricing and cost analysis are critical for maintaining costs and margins. Analyzing historical data, understanding costs, and defining sales efforts allows organizations to evaluate trends and pricing strategies. Benchmarking against other organizations includes comparing labor, cost reduction culture, negotiations, overhead structure, and process improvement. Maintaining low costs through tracking labor, cost cutting culture, and efficient processes supports effective pricing and financial sustainability.
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Pricing and cost analysis
- 1. PRICING AND COST ANALYSIS Alejandra Soche – MC VP FL&M AIESEC in Colombia
- 2. PRICING IS CRITICAL 1. Keeping cost maintained. 2. Maintaining margins. 3. Analyze trends. 4. Evaluate historical data. 5. Understand your costs. 6. Better define your sales efforts.
- 3. 1. Compare yourself with other LCs. 2. What is your strategy ?. 3. How will you implemented? BENCHMARKING
- 4. 1. Labor tracking/reporting. 2. Cost reduction as a culture. 3. Negotiations with suppliers. 4. Overhead structure. 5. Process improvement. COST & EXPENSE REDUCTION