Five Steps for Effective Cost Analysis
Breaking the Cost Barrier White Paper Series
“Who are my most profitable customers? What does that product really cost? How can I cut costs without cutting off growth?” These are questions that organizations have been asking, and working at answering, for years. While many have succeeded in developing strong cost analysis skills and increasing the value of their organizations through the use of this information in critical decision-making, others have struggled to deploy or maintain this capability.
Developing a cost analytics capability for your organization is not a trivial exercise, so it’s vital to focus on creating a platform that yields high value relative to the effort.
In Part A of our three-part whitepaper series on costing, we turn our attention to the basics, beginning with how to best plan for answering “What Does it Cost?”