Cost management is a key tactic for driving profit growth. We can help
Budgeting – using budgets to identify financial results,
trends, and potential need for spending trade-offs.
- Cost Standards Development –
With professionally created cost standards, you can identify unnecessary
expenses in your purchasing, manufacturing and shipping areas, and know
where to take action.
- Activity-Based Cost Analysis –
This is a type of analysis that identifies costs across the entire
organization and assigns them to services, products and customer activity.
It is particularly valuable tool for service businesses, or any organization
that has a high percentage of indirect costs, in order to identify
lines of business with especially low and high profit margins.
- Purchasing Practices Assessment –
Attaining lower purchasing costs requires a series of precise steps:
centralizing purchasing requirements, adopting best contracting processes;
qualifying new suppliers, and having suppliers bid competitively for